The analytics software category is 30 years old and about $15 billion in size. So why is it that information technology research and advisory firm Gartner has not published a standalone Magic Quadrant on the sector until this year? The answer: Gartner has meshed business intelligence with analytics for the past decade, and viewed them as inseparable. But now that big data analytics has evolved well past the legacy BI market that it came from, and new companies have grown tremendously in the past five years, the company decided it should be its own category this year.
With the release of their first ever Advanced Analytics Magic Quadrant, Gartner reveals a new guard of companies challenging IBM and SAS. Alteryx, Revolution Analytics, RapidMiner and Knime are the ones to watch in 2014. The vendors are quite different, but together represent new areas of technology development that’s shaping the next generation of analytics applications.
Predictive analytics and other categories of advanced analytics are becoming a major factor in the analytics market. Gartner evaluates the leading providers of advanced analytics platforms that are used to build solutions from scratch.
It’s such a pivotal moment for data scientists and the growing open-source R community that Gartner has embarked on its first ever Magic Quadrant for Advanced Analytics Platforms. Gartner estimates advanced analytics to be a $2 billion market that spans a broad array of industries globally, and ‘Gartner predicts business intelligence and analytics will remain top focus for CIOs Through 2017.’ We believe that this new Magic Quadrant puts a spotlight on big data as the great analytics disruptor which we feel highlights the need for solutions like Revolution Analytics’ that are built upon a flexible, open platform, and designed for today’s Big Data Big Analytics challenges.” — Dave Rich, CEO, Revolution Analytics
We believe our placement in the Leaders quadrant reflects not only our status as the world’s most frequently downloaded predictive analytics software, but also our ability to provide a platform that supports business analysts, data scientists and business managers,” said Ingo Mierswa, co-founder and CEO of RapidMiner. “We see the Gartner Magic Quadrant for Advanced Analytics Platforms reflecting the overall value of RapidMiner, while providing additional feedback for our product roadmap.”
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