SAN RAMON, CA, February 16, 2012 (Press-News.org) New benchmark research from Ventana Research finds that just 15 percent of technology businesses have the highest Innovative level of maturity in their use of analytics, despite being part of the industry that has the more direct knowledge of the technology to advance people, process and information readiness in an organization.
With business people in the technology sector under increasing pressure to operate more efficiently and make better decisions, it is important they comprehend the full potential of business analytics and how to best take advantage of them. This new benchmark research from Ventana Research, the leading business technology research firm, presents comprehensive, research-based information on technology organizations' attitudes towards business analytics.
The research found that about half (49 percent) of technology companies are satisfied with the process currently used to create analytics while 38 percent are not satisfied with it. The top three issues companies identified are finding processes too slow, hard to build and maintain, and yielding information that is not actionable. Regarding the current technology for creating and applying analytics, less than half (48 percent) are satisfied and with a significant dependence on spreadsheets in 85 percent of organizations, it should be no surprise over a third (38 percent) will be making changes to their analytics in the next 12 to 18 months.
"This research finds that spreadsheets are used regularly by most organizations and that organizations are spending almost two thirds of their time in data related tasks compared to analytic ones," said Mark Smith, CEO and Chief Research Officer of Ventana Research. "These two key findings along with other factors show a bleak outlook for the technology sector. This sector has the capabilities to set the standards for effectively utilizing business analytics across all industries."
This in-depth benchmark research on business analytics the technology sector assessed the maturity and direction of organizations' efforts around the world. Ventana Research undertook this research to acquire real-world information about maturity, trends and best practices in how they use analytics and key indicators. It explores how they do this now, how they view their existing processes and tools, plans they have to change or improve them, and the benefit they hope to gain by doing so.
To view the webinar, visit: http://www.ventanaresearch.com/Techbawebinar/
Those interested in learning more about this benchmark research can find additional information at http://www.ventanaresearch.com/Techba/ As a part of your registration you will receive insights and education from Ventana Research on using technology effectively in business. Ventana Research thanks those that participated in the benchmark and our media and association partners who helped make this vertical industry research a reality. Ventana Research provides guidance to organizations in business analytics through its Ventana OnDemand (http://www.ventanaresearch.com/ondemand) and with its assessment and educational services offerings. (http://www.ventanaresearch.com/services/).
About Ventana Research
Ventana Research is the most authoritative and respected benchmark business technology research and advisory services firm. We provide insight and expert guidance on mainstream and disruptive technologies through a unique set of research-based offerings including benchmark research and technology evaluation assessments, education workshops and our research and advisory services, Ventana On-Demand. Our unparalleled understanding of the role of technology in optimizing business processes and performance and our best practices guidance are rooted in our rigorous research-based benchmarking of people, processes, information and technology across business and IT functions in every industry. This benchmark research plus our market coverage and in-depth knowledge of hundreds of technology providers means we can deliver education and expertise to our clients to increase the value they derive from technology investments while reducing time, cost and risk.
Ventana Research provides the most comprehensive analyst and research coverage in the industry; business and IT professionals worldwide are members of our community and benefit from Ventana Research's insights, as do highly regarded media and association partners around the globe. Our views and analyses are distributed daily through blogs and social media channels including Twitter, Facebook, LinkedIn and Business Week's Business Exchange.
To learn how Ventana Research advances the maturity of organizations' use of information and technology through benchmark research, education and advisory services, visit www.ventanaresearch.com.
Media: Copies of benchmark research report and interviews are available upon request.
Media Contact:
Bailey Donoghue
(925) 242-2412
marketing@ventanaresearch.com
Ventana Research Releases Benchmark Research and Education on Business Analytics in Technology Sector
Lack of investment and priority has impaired the potential of business analytics.
2012-02-16
[Attachments] See images for this press release:
ELSE PRESS RELEASES FROM THIS DATE:
Plastic Surgeon Emphasizes Importance of Choosing Qualified Doctor
2012-02-16
Dr. Michael A. Bogdan urges people to take adequate time to evaluate their options when choosing among the many plastic surgeons in Dallas.
This comes as a result of multiple stories that have emerged in the media about unsatisfied cosmetic surgery patients who discovered that their surgeons did not actually specialize in plastic surgery.
Dr. Bogdan notes that when people generalize about "good" and "bad" doctors, their opinions are often based on misinterpreted information.
"People are frequently told that they need to find a board-certified ...
SaaS ITSM Solutions See Rapid Growth
2012-02-16
One of the biggest reasons businesses should consider SaaS based Information Technology Service Management (ITSM) solutions is simply because they are cheaper to run, maintain and purchase. Unlike traditional software which is sold conventionally with a user license and a purchasing fee, SaaS applications are usually priced on a subscription basis which can either reoccur at a monthly or yearly basis. However, unlike traditional software the upfront costs of running a SaaS based ITSM solution is lower than that of enterprise software. Often, the price is based on a number ...
New Credit Card Fraud Prevention Service Launched With a Largest BIN Database
2012-02-16
FraudAssets.Com, a BIN database solution provider, is launching one of the largest BIN checker on the Internet. The BIN database can be downloaded in CSV format, or accessed via remote API.
Why is there are need for a BIN database?
Many business owners want to raise their businesses to the next level by going into e-commerce. That is, they want to enable credit and debit card payments on their website in order to increase market share and sales. This sounds like a great idea as the Internet has experienced tremendous growth and a website looks like the perfect platform ...
Bleep Models Named Best of NYC 2011
2012-02-16
The U.S. Commerce Association (USCA), a New York based organization funded by local businesses, has awarded Bleep Models the 2011 Best of New York City award in the Model/Talent Management category.
This prestigious recognition has been reserved for exceptional success achieved by local businesses. Awards are given based on information collected from internal sources and other third parties.
President of Bleep Models, Kyle Aviance Quandel is quoted as saying, "We are honored to be the recipient of this coveted award. The USCA's acknowledgement underscores our ...
ORNL explores proteins in Yellowstone bacteria for biofuel inspiration
2012-02-16
Studies of bacteria first found in Yellowstone's hot springs are furthering efforts at the Department of Energy's BioEnergy Science Center toward commercially viable ethanol production from crops such as switchgrass.
The current production of ethanol relies on the use of expensive enzymes that break down complex plant materials to yield sugars that are fermented into ethanol. One suggested cheaper alternative is consolidated bioprocessing, a streamlined process that uses microorganisms to break down the resistant biomass.
"Consolidated bioprocessing is like a one-pot ...
Report seeks to integrate microbes into climate models
2012-02-16
The models used to understand how Earth's climate works include thousands of different variables from many scientific including atmospherics, oceanography, seismology, geology, physics and chemistry, but few take into consideration the vast effect that microbes have on climate. Now, a new report from the American Academy of Microbiology, "Incorporating Microbial Processes into Climate Models", offers a plan for integrating the latest understanding of the science of microbiology into climate models.
"Climate scientists and microbiologists usually work in isolation from ...
Cardiac MRI shown to improve diagnosis in patients with life-threatening arrhythmias
2012-02-16
VIDEO:
Cardiologist Dr. James White of Western University has demonstrated the benefits of performing cardiovascular magnetic resonance (CMR) in cases where patients have been resuscitated after sudden cardiac death or...
Click here for more information.
New research from Western University, Canada, has demonstrated the benefits of performing Cardiovascular Magnetic Resonance (CMR) in cases where patients have been resuscitated after Sudden Cardiac Death or enter hospital ...
DNA barcoding of parasitic worms: Is it kosher?
2012-02-16
When rabbis from the Orthodox Union started finding worms in cans of sardines and capelin eggs, they turned to scientists at the American Museum of Natural History to answer a culturally significant dietary question: could these foods still be considered kosher?
Using a technique called "DNA barcoding" at the Museum's Sackler Institute for Comparative Genomics, researchers identified the species and life cycles of the parasitic worms to determine whether the food's preparation violated Jewish dietary laws. The results, which were recently published online in the Journal ...
NASA sees deadly Cyclone Giovanna over the center of Madagascar
2012-02-16
Cyclone Giovanna made landfall in eastern Madagascar very early on February 14 and continues tracking in a southwestern direction toward the Mozambique Channel. NASA's Aqua satellite captured an image when Giovanna's center was close to the capital city of Antananarivo, and NASA's TRMM satellite saw powerful towering thunderstorms around its center before it made landfall.
According to BBC News, Giovanna made landfall near the eastern port city of Toamasina with winds gusting to 120 mph (194km). Giovanna brought heavy rain, and its strong winds flattened trees. Storm ...
Different bodies, different minds
2012-02-16
We like to think of ourselves as rational creatures, absorbing information, weighing it carefully, and making thoughtful decisions. But, as it turns out, we're kidding ourselves. Over the past few decades, scientists have shown there are many different internal and external factors influencing how we think, feel, communicate, and make decisions at any given moment.
One particularly powerful influence may be our own bodies, according to new research reviewed in the December issue of Current Directions in Psychological Science, a journal of the Association for Psychological ...
LAST 30 PRESS RELEASES:
Intracortical neural interfaces: Advancing technologies for freely moving animals
Post-LLM era: New horizons for AI with knowledge, collaboration, and co-evolution
“Sloshing” from celestial collisions solves mystery of how galactic clusters stay hot
Children poisoned by the synthetic opioid, fentanyl, has risen in the U.S. – eight years of national data shows
USC researchers observe mice may have a form of first aid
VUMC to develop AI technology for therapeutic antibody discovery
Unlocking the hidden proteome: The role of coding circular RNA in cancer
Advancing lung cancer treatment: Understanding the differences between LUAD and LUSC
Study reveals widening heart disease disparities in the US
The role of ubiquitination in cancer stem cell regulation
New insights into LSD1: a key regulator in disease pathogenesis
Vanderbilt lung transplant establishes new record
Revolutionizing cancer treatment: targeting EZH2 for a new era of precision medicine
Metasurface technology offers a compact way to generate multiphoton entanglement
Effort seeks to increase cancer-gene testing in primary care
Acoustofluidics-based method facilitates intracellular nanoparticle delivery
Sulfur bacteria team up to break down organic substances in the seabed
Stretching spider silk makes it stronger
Earth's orbital rhythms link timing of giant eruptions and climate change
Ammonia build-up kills liver cells but can be prevented using existing drug
New technical guidelines pave the way for widespread adoption of methane-reducing feed additives in dairy and livestock
Eradivir announces Phase 2 human challenge study of EV25 in healthy adults infected with influenza
New study finds that tooth size in Otaria byronia reflects historical shifts in population abundance
nTIDE March 2025 Jobs Report: Employment rate for people with disabilities holds steady at new plateau, despite February dip
Breakthrough cardiac regeneration research offers hope for the treatment of ischemic heart failure
Fluoride in drinking water is associated with impaired childhood cognition
New composite structure boosts polypropylene’s low-temperature toughness
While most Americans strongly support civics education in schools, partisan divide on DEI policies and free speech on college campuses remains
Revolutionizing surface science: Visualization of local dielectric properties of surfaces
LearningEMS: A new framework for electric vehicle energy management
[Press-News.org] Ventana Research Releases Benchmark Research and Education on Business Analytics in Technology SectorLack of investment and priority has impaired the potential of business analytics.