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The Top 100 Enterprise Analytics Startups Of 2014

public-cloud-computing-forecast-2011-2016With the potential of removing legacy IT silos and freeing up valuable data to gain greater insights into their operations, enterprises continue to invest heavily in analytics.

Providing powerful analytics tools to business analysts who can get to work immediately on complex challenges instead of having to wait for ITs’ often over-committed resources is also driving analytics market growth. The better a business unit or division gets at understanding their own business, the faster they change their future.

Analytics Are Streamlining Industry Value Chains

Across every area of an enterprise, from supply chains, quality, manufacturing, marketing, services and pricing, analytics are making an impact daily.  IDC forecast that the advanced and predictive analytics software market will grow from $2.2B in 2013 to $3.4B in 2018, attaining a 9.9% compound annual growth rate (CAGR).  Wikibon’s excellent analysis of the Big Data market projects a $28.5B market in 2014, growing to $50.1B in 2015. For additional forecasts please see my post Roundup Of Analytics, Big Data & Business Intelligence Forecasts And Market Estimates, 2014.

Admit It: Analytics Startups Are the Sexiest Of All

The field of analytics is proliferating with entirely new approaches to solve very challenging, difficult problems, removing the barriers that held business analysts and the divisions they work for from accomplishing more.

That’s what makes analytics startups the sexiest of all. With the insights these companies are capable of delivering you can completely change your approach to marketing, selling, service, supply chains, pricing, service and over time reach an entirely new level of performance. There are many excellent startups in this arena and I’ve been tracking many of them out of personal interest for years.

Tracking Analytics Startups

Having seen just how much pain there is in enterprises trying to get the data they need to better manage their business units, divisions and departments, I’ve tracked many of the analytics startups mentioned in the list below.  Using manually-based methods to track their funding rounds and momentum in the market proved incomplete.

To gain a greater insight into analytics startups I signed up for a free first month trial of Mattermark (opt in).  Mattermark uses a combination of artificial intelligence and data quality analysis to provide insights into over 500,000 companies, over 125,000 with employee data, and over 90,000 funding events.  It’s a fascinating company that has created many new metrics for tracking momentum of startups on specific metrics and key performance indicators (KPIs) including their own Mattermark score.  This score is not meant to provide guidance on which startup to invest in.  Rather it’s a measure of momentum across the metrics and KPIs that Mattermark measures.   Their service is easy to use, powerful in the insight it delivers, and produced the following list of 100 enterprise analytics startups, ranked by total funding in the table below.  You can download the table here in Microsoft Excel format as well.

Top 100 Enterprise Analytics Startups Infographic

 

Gartner’s Top 10 Strategic Technology Trends For 2015

speed-of-quality-management-systems-makes-manual-systems-seem-asleep-300x199Gartner presented their top 10 strategic technology trends for 2015 at their annual Gartner Symposium/ITxpo 2014 held in Orlando earlier this month.  Computing Everywhere, the Internet of Things (IoT) and 3D Printing are projected to be the three most important strategic technology trends in 2015.

3D Printing Will Continue To Revolutionize Prototyping And Manufacturing  

3D printing is forecast to reach a tipping point in the next three years due to streamlined prototyping and short-run manufacturing. Improving time-to-market, ensuring greater accuracy of highly customized products, and reducing production costs over the long-term are three of the many benefits companies are adopting 3D printing for today.  Be sure to read Larry Dignan’s excellent post covering the conference and top ten strategic technology trends, 3D printing turns strategic in 2015, says Gartner.

Taking Analytics To The Next Level in 2015

Advanced, persuasive and invisible analytics, context-rich systems, and smart machines also are included in the top 10 strategic technology trends for 2015. Given how quickly analytics is maturing as a technology category, it’s understandable why Gartner ranked this area as the 4th most strategic.  In 2015, analytics will move beyond providing dashboards with metrics and Key Performance Indicators (KPIs) to a more intuitive series of applications that give business analysts the flexibility to define models and test them in real-time. Alteryx and Tableau are interesting companies to watch in this area and Tableau Public is worth checking out and learning due to its advanced visualization features (free, opt-in).

Cloud Computing Becomes Part Of The New IT Reality

The last four technology trends Gartner mentions include cloud/client computing, software-defined applications and infrastructure, Web-scale IT and risk-based security and self-protection.

The following graphic provides an overview of the top 10 strategic technology trends for 2015.

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