|By Business Wire||
|February 24, 2014 08:03 AM EST||
Revolution Analytics, the only commercial provider of open source R software, today announced it has been positioned by Gartner Inc. in the “Visionaries” quadrant of the first ever “Magic Quadrant for Advanced Analytics Platforms”i. The report evaluated 16 vendors through a series of stringent criteria related to the ability to execute and completeness of vision.
As defined by Gartner, “advanced analytics is ‘the analysis of all kinds of data using sophisticated quantitative methods (for example, statistics, descriptive and predictive data mining, simulation and optimization) to produce insights that traditional approaches to business intelligence (BI) — such as query and reporting — are unlikely to discover.’” "Overall, the advanced analytics market is estimated at $2 billion (by Gartner) across a wide variety of industries (financial services, retail and e-commerce, and communications are probably the largest, although use cases exist in almost every industry) and geographies.” “This market has existed for over twenty years, and some have considered it to be relatively stable and mature; a state of affairs that, if it was ever true, is no longer so as the concept of big data has not only accelerated interest in the market but also posed significant disruption to it.”
“We view our position in the ‘Visionaries’ Quadrant in Gartner’s Magic Quadrant for Advanced Analytics Platforms as validation of the innovation in the open-source R community, combined with Revolution Analytics’ enterprise expertise. This is a core differentiator that has enabled our young company to strive in ‘Completeness of Vision,’” said Dave Rich, CEO of Revolution Analytics. “Revolution R Enterprise 7 is integrated with a variety of data and compute environments to bring new levels of efficiency and scalability to advanced analytics in the enterprise. Our mission has always been to democratize predictive analytics so more businesses can revolutionize their operations with data-driven insights.”
The Magic Quadrant for Advanced Analytics Platform says “Visionaries are usually smaller vendors that embody the trends that are shaping, or will shape, the market. They represent an opportunity for some organizations to skip a generation in the use of technology in the market, or provide some compelling capability that will offer competitive advantage as a complement or substitute for existing solutions. As Visionaries mature and prove their ability to execute over time, they may move to eventually become Leaders.”
Revolution Analytics’ flagship product, Revolution R Enterprise 7 (RRE 7) is the only Big Data Big Analytics platform powered by R, the standard for modern analytics. RRE 7 features a unique “write once deploy anywhere” functionality that enables data analysts and IT teams to write code once and deploy it anywhere in a variety of data management platforms, enterprise data warehouses, grids, clusters, servers and workstations without re-engineering costs. It is the only Big Data analytics platform to include a library of Big Data-ready algorithms that run inside the Cloudera and Hortonworks Hadoop platforms and in Teradata databases, with the highest possible performance. Revolution Analytics is now offering RRE 7 on AWS Marketplace for on-demand access to R-based analytics.
About Revolution Analytics
Revolution Analytics, with its Revolution R Enterprise (RRE) software, is the innovative leader in Big Data Big Analytics. RRE is powered by the R language, the de facto standard for what Gartner describes as Advanced Analytics. RRE is used by enterprises with massive data, performance and multi-platform requirements that need to drive down the cost of Big Data. RRE runs on industry-leading data platforms, and integrates with business intelligence, data visualization, web and mobile apps to build solutions that drive game changing business insights and value. The flagship solution is now available with on-demand access on the AWS Marketplace.
About Open Source R
R is the most widely used statistical language with more than two million users worldwide. Top university talent are graduating with R skills, ready to help global enterprises innovate and realize value from Big Data. Revolution Analytics contributes to the growing R community with open-source contributions, user group sponsorships, and free Revolution R Enterprise licenses to academia.
About the Magic Quadrant
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
i Gartner “Magic Quadrant for Advanced Analytics Platforms” by Gareth Herschel, Alexander Linden, Lisa Kart, February 19, 2014.
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