You might have heard, but it appears the entire business world is going digital—a process known as digital transformation in the business world and tech industry. Digital transformation is the adoption of digital technology by a company in all areas of its business operations.
Another way of looking at it is as a company committing to implementing totally digital business infrastructures and providing personalized digital experiences to consumers. As this process unfolds across the globe, the need for comprehensive data management and business intelligence (BI) tools is increasing as well.
One of the challenges of digital transformation is knowing what tech tools to implement. There are so many BI tools that it’s difficult to know which solutions are best for your company.
All software vendors claim to have the BI solutions your company needs to thrive, but how do you separate the real deal from the pretenders? Truthfully, most business owners, executives, and even IT departments don’t have time to dedicate to scouring the internet for the best big data tools for their company, which is why Gartner research publications are so valuable. Continue reading to learn all you need to know about the Gartner Magic Quadrant.
Who is Gartner?
You might be wondering who Gartner is and why you should care what they have to say. Well, Gartner is one of the leading IT consulting firms in the world, and they have decades of experience helping companies find the IT solutions they need to grow their businesses.
Every year, they release a report called the Gartner Magic Quadrant that details the leaders and followers in various IT disciplines and markets. The reason companies trust this report is that Gartner uses advanced analytics to form their opinions.
So, the 2021 Gartner Magic Quadrant is a great research tool for companies implementing digital transformation.
How does the Magic Quadrant work?
As we mentioned, Gartner uses a proprietary data analytics model to get insights that help them separate companies into quadrants based on their metrics. Companies with the highest ratings in the categories of completeness of vision and ability to execute are placed in the industry leaders quadrant.
The other quadrants are challengers, visionaries, and niche players. Challengers are companies knocking on the door to become industry leaders. Visionaries show a high level of innovation but need work in the area of execution of their vision. Niche players don’t have much vision, but many of them excel at providing viable services.
The opinions of Gartner carry weight.
Gartner is one of the most respected research companies in the IT industry, and many companies rely on their sage advice to implement their own digitization processes. Their research publications cover many markets in data science, including machine learning, master data management, integration platform as a service, API management, and many other types of IT tools.
The opinions of Gartner carry a lot of weight in the IT industry, so companies like TIBCO that appear in the leader quadrant in various Magic Quadrant reports are the ones you should trust.
The business world is becoming more reliant on big data every day to enhance business processes and provide unique customer experiences. There are a lot of tech companies trying to capitalize on the burgeoning data science market, and the Gartner Magic Quadrant can help you separate the industry leaders from the pretenders.
As more companies undergo digital transformation, your business will need advanced analytics, business analytics, data management, and other bI tools, the Gartner Magic Quadrant will be there to help you make the best choice for your growing business.
Indeed, it’s an essential resource for business leaders and technology users who only want the best business intelligence tools.