Archive for February, 2011

02
Feb
2011: The Year of the Analytics Platform – Part II
By Tasso Argyros in Analytic platform, Analytics on February 2, 2011
   

In my previous post, I spoke about how strongly I feel that this is the year that the analytic platform will become its own distinct and unique category.  As the market as a whole realizes the value of integrated data and process management, in-database applications and in-database analytics, the “analytic platform”, or “analytic computing system”, or “data analytics server” (pick your name) will gain even more momentum, reaching critical mass this year.

In this process, you will see significant movement from vendors, first in their marketing collateral (as it is always the case for followers in a technology space) and then scrambling to cover their product gaps in the 5 categories that define a true analytic platform that I mentioned in Part I of 2011: - The Year of the Analytics Platform.

What took Aster Data 6+ years to build is impossible to be done overnight, or over a few releases (side note: if you are interested in software product development and haven’t read the Mythical Man-Month, now is a good time – it’s an all-time classic and explains this point very clearly), and especially if the fundamental architecture is not there from day one.

But the momentum for the analytic platform category is there and, at this point, is irreversible. Part of this powerful trend is derived from the central place that analytics is taking in the enterprise and government. Analytics today is not a luxury, but a necessity for competitiveness. Every industry today is thinking how to employ analytics to better understand its customers, cut costs, and increase revenues. For example, companies in the financial services sector, a fiercely competitive space, want to use the wealth of data they have to become more relevant to their customers, increase customer satisfaction and retention rates. Governments’ use of data and analytics is one of few last resorts against terrorism and cyber threats. In retail, the advent of Internet, social networks, and globalization has increased competition and reduced margins. Using analytics to understand cross-channel behavior and preferences of consumers improves the returns of marketing campaigns and optimizes product pricing and placement, and can make the difference between red and black ink at the bottom of the balance sheet. Read the rest of this entry »