|By Business Wire||
|March 11, 2014 12:25 PM EDT||
Lavastorm Analytics, a leading global analytics software company today announced that it has been recognized by Gartner, Inc. in the February 20, 2014 Magic Quadrant for Business Intelligence and Analytics Platforms. Lavastorm Analytics was included in the “Other BI Platform Vendors Worth Considering” section of the report. This marks a significant milestone in the development and adoption of the Lavastorm Analytics Platform, the company’s agile data management and analytics solution. It also coincides with growing recognition that BI/analytics purchasers are demanding products that rely on data discovery techniques to satisfy the business user needs for ease of use, data access, and self-service analysis.
Related to the adoption of data discovery, Gartner said, “The BI platform market is forecast to have grown into a $14.1 billion market in 2013, largely through companies investing in IT-led consolidation projects to standardize on IT-centric BI platforms for large-scale systems-of-record reporting (see "Forecast: Enterprise Software Markets, Worldwide, 2010-2017, 3Q13 Update"). These have tended to be highly governed and centralized, where IT production reports were pushed out to inform a broad array of information consumers and analysts. While analytical capabilities were deployed, such as parameterized reports, online analytical processing (OLAP) and ad hoc query, they were never fully embraced by the majority of business users, managers and analysts, primarily because most considered these too difficult to use for many analytical use cases. As a result, and continuing a five-year trend, these installed platforms are routinely being complemented, and in 2013 were increasingly displaced, in new sales situations by new investments, and requirements were more skewed toward business-user-driven data discovery techniques to make analytics beyond traditional reporting more accessible and pervasive to a broader range of users and use cases.”
The Lavastorm Analytics Platform gives analysts new powers to harness data in an era of exploding complexity, to discover new insights and to continuously improve business results. The platform includes the Lavastorm Analytics Engine, a visual development environment that allows business analysts to rapidly acquire, integrate, and analyze data from virtually any source and to do so ten times faster than traditional analytics tools. The platform also includes the Lavastorm Resolution Center, a flexible business improvement management system that enables analysts to organize, investigate, and act upon analytic discoveries more quickly and with greater accuracy.
Also in the Magic Quadrant for Business Intelligence and Analytics Platforms, Gartner highlighted the major trends affecting the adoption of BI/analytics products. According to Gartner’s report, “Data discovery capabilities are dominating new purchasing requirements, even for larger deployments, as alternatives to traditional BI tools. But "governed data discovery" — the ability to meet the dual demands of enterprise IT and business users — remains a challenge unmet by any one vendor.”
“The BI/analytics market is undergoing a seismic shift away from reporting-centric platforms to data discovery platforms, such as the Lavastorm Analytics Platform,” said Drew Rockwell, CEO of Lavastorm Analytics. “This shift, which puts the business user at the epicenter of this transformation, tears down the walls between business users and their data, and provides them with more agility, more powerful analytics and a new level of self-sufficiency. It is as significant a technology trend as any we have seen in the past 30 years and we are pleased to be included and recognized as an enabler of this trend.”
For more information on how Lavastorm Analytics’ award-winning Lavastorm Analytics Engine enables businesses to analyze, optimize and control their data and processes, visit http://www.lavastorm.com/products/analytics-engine/.
Tags: Lavastorm Analytics, Gartner, Lavastorm Analytics Engine, ETL, Business Analytics, Data Analytics, Big Data, Data Discovery, Data Integration, Business Intelligence, BI
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.
About Lavastorm Analytics
Lavastorm Analytics transforms how companies tackle data challenges to achieve breakthrough business results. The company’s agile data management and analytic software gives analysts new powers to harness data in an era of exploding complexity, to discover new insights and to continuously improve business results. Analytics built in Lavastorm provide analysts with exceptional self-sufficiency, agility, transparency, accuracy, and business control. Lavastorm’s solutions have identified business improvements worth billions of dollars for some of the largest corporations in the world. For more information, please visit: www.lavastorm.com.