There are several ways you can go about obtaining the advanced analytic capabilities needed to extract insights from large amounts of data.
You can outsource the whole thing to a services firm, you can buy pre-built applications for a specific industry, or you can buy tools that will let you build what you need. Last week, Gartner rated the top 16 such build-it-yourself tools in the advanced analytics category. The “Magic Quadrant for Advanced Analytics Platforms” that Gartner delivered last week is the second such report, and follows the analyst firm’s decision in 2014 to separate out regular analytic tools from more sophisticated products. These so-called “advanced analytics” tools use more powerful techniques to tease insights out of big data sets in ways that standard query and reporting tools can never equal.
Author: Alex Woodie