On Feb. 26, Gartner published its 2018 Magic Quadrant for Analytics and Business Intelligence Platforms, in which it described what constitutes a Modern Analytics and Business Intelligence (BI) Platform.
Download a complimentary copy of the Magic Quadrant here.
We believe the architecture and capabilities that Gartner associates with Modern BI platforms are closely aligned with those inherent in Birst’s cloud-based, networked business analytics platform.
Consider the following examples:
- In the report, Gartner notes that, “Modern analytics and business intelligence platforms represent mainstream buying, with deployments increasingly cloud-based.”
Birst’s cloud-scale architecture offers a next-generation solution built on top of a modern, multi-tenant platform that enables organizations to deliver analytics across the enterprise dramatically faster and with far fewer resources.
- According to Gartner, “By 2020, organizations that offer users access to a curated catalog of internal and external data will derive twice as much business value from analytics investments as those that do not.”
With Birst’s Networked Business Analytics platform, business users can connect their prepared data to a network of trusted data, enriching their own insights and those of others throughout the organization via Birst’s enterprise-scale, multi-tenant cloud architecture.
Birst enables people to extend their analytics, data models and visualizations through a seamless, networked integration of data and analytics deployments across their organizations.
- The 2018 Gartner Magic Quadrant states that, “Visual-based data discovery is a defining feature of the modern analytics and business intelligence (BI) platform. This wave of disruption began in around 2004, and has since transformed the market and new buying trends away from IT-centric system of record (SOR) reporting to business-centric agile analytics with self-service.”
With Birst’s Networked Business Analytics platform, decentralized teams and individual users can augment the corporate data model with their own local data, without compromising data governance. Consistency comes from a unified semantic layer, which maintains common definitions and key metrics, no matter where users sit.
- In addition, Gartner wrote in the MQ report that, “Modern analytics and BI platforms are characterized by easy-to-use tools that support a full range of analytic workflow capabilities.”
Birst continues to add next-generation capabilities to our modern, consumer-grade user interface that put great power in the hands of business people in a more elegant, user-friendly and intuitive way. These capabilities, previously only available to enterprise power users, are now available to anyone.
The Birst platform delivers a consistent enterprise view that enables users with self-service analytics through world-class dashboards, drill-down reporting, visual discovery, mobile tools, and predictive analytics.
In its 2018 Magic Quadrant, Gartner defines and assesses the following five use cases for analytics and business intelligence:
- “Agile Centralized BI Provisioning – Supports an agile IT-enabled workflow, from data to centrally delivered and managed analytic content, using the self-contained data management capabilities of the platform.”
- “Decentralized Analytics – Supports a workflow from data to self-service analytics. Includes analytics for individual business units and users.”
- “Governed Data Discovery – Supports a workflow from data to self-service analytics to SOR, IT-managed content with governance, reusability and promotability of user-generated content to certified data and analytics content.”
- “OEM or Embedded BI – Supports a workflow from data to embedded BI content in a process or application.”
- “Extranet Deployment – Supports a workflow similar to agile centralized BI provisioning for the external customer or, in the public sector, citizen access to analytic content.”
You can learn more about Birst’s performance against these use cases by downloading a copy of the Gartner Magic Quadrant report.
An Eye on 2020 – And What’s Modern
In preparing the 2018 report, Gartner also made a number of strategic planning assumptions, including those about augmented analytics:
- “By 2020, augmented analytics – a paradigm that includes natural language query and narration, augmented data preparation, automated advanced analytics and visual-based data discovery capabilities – will be a dominant driver of new purchases of business intelligence, analytics and data science and machine learning platforms and of embedded analytics.”
- “By 2020, the number of users of modern business intelligence and analytics platforms that are differentiated by augmented data discovery capabilities will grow at twice the rate – and deliver twice the business value – of those that are not.”
Ultimately, we believe these planning assumptions, and Gartner’s take on Modern BI, share a common foundation with Birst’s approach.
Birst’s Perspective on Modern Analytics and BI
Birst provides modern cloud BI and analytics solutions designed to meet the needs of today’s enterprises:
- Faster time to value: Birst dramatically accelerates the laborious and time-consuming process of delivering analytics capabilities across the enterprise. Leveraging patented automation technology that reduces human intervention, a modern cloud architecture that eliminates traditional on-premises tasks, and metadata reusability that makes development more efficient and more productive, Birst delivers more value to the business in far less time.
- Augmented Analytics: Birst’s patented machine learning technology (U.S. Patent Nos. 9,652,516 and 9,483,537) helps business users to work with data and discover insights much faster and with less effort. Birst uses machine learning to intelligently discover business-critical relationships in the data and automatically build visualizations and dashboards; advanced algorithms take raw data and instantly structure it in an organized and consistent set of business metrics and attributes.
- Trusted data at business speed: Birst’s network of analytics is built on top of a common and reusable set of business rules and definitions that is generated without manual intervention by Birst’s patented automation technology. This shared set of business definitions, or semantic layer, enables users to work with a unique view of data – a curated catalog of data from internal and external sources – eliminating ambiguity around what a given measure or key performance indicator (KPI) means. Birst supports data governance and solves the chaos produced by the proliferation of analytic silos across the enterprise, connecting centralized and decentralized data management approaches with an agile semantic layer.
- Self-service for all information workers: Birst puts the power of analytics in the hands of every information worker, not just data-savvy analysts or highly-trained data scientists. Birst’s business user-oriented UX empowers a wide range of people to access, prepare, and explore data using intuitive drag-and-drop tools. They can access a full range of analytics capabilities to discover insights, share them with individuals and teams across the Birst network, and predict business outcomes with one click, and without support from experts. A seamless, web-based user experience is available to all users, in the office or on the road.
- Lower cost of ownership: Birst is a true software-as-a-service (SaaS) solution built on a next-generation multi-tenant cloud architecture that delivers the ability to deploy virtual BI tenants, virtualize data and metadata, federate semantic models across virtual tenants, and automate manual tasks. This translates into a lower total cost of ownership through reduced resources, zero hardware, zero upgrade costs, and rapid deployments.
If you would like to see Birst in action, visit us at the Gartner Data & Analytics Summit 2018, March 5-8, in Grapevine (Dallas), Texas. Birst will be a Premier Exhibitor, showcasing our modern, cloud analytics platform at Booth #315.
In addition, Birst customer Mike Anderson, CIO of Crossmark, and Pedro Arellano, Vice President of Product Strategy at Birst, will lead a Solution Provider Session, “Connecting the World’s Top Retailers and Brands with Networked Analytics,” from 10:45 a.m. to 11:30 a.m. on Wednesday, March 7.
To keep up with Birst’s latest company news and product announcements, follow us on Twitter @BirstBI.