The annual Gartner BI Summit brings together thought leaders from across the Business Intelligence and analytics space. The event provides a forum for business people to share challenges and successes, as well as allow vendors to show off their newest solutions. At the event, Yseop created a buzz by launching Yseop Savvy, a plug and play tool for Excel and Qlik Sense that adds narrative to dashboards. Other vendors also made a splash with tools that can do everything from read handwritten scanned documents to self-service data aggregation tools.
As always, the sessions lead by the Gartner analysts provided insights and encouraged conversation across the event. Some of the top takeaways included:
1. Turning Data into Insight Will be your Competitive Advantage
Rita Sallam, Research VP at Gartner and chair of the summit, kicked off the event by discussing the future. Addressing BI vendors directly, she said “Turning data into insights and prescriptive analytics will be your point of differentiation”. Or to look at this from a business point of view, the ability to automatically turn data into insight will be your main competitive advantage.
This was a timely statistic for Yseop as we released a free trial of Savvy, a software that adds written content to dashboards and graphs. It is also a statistic that makes perfect sense in a world of real-time data streams. One of the underlying questions across the Gartner event was: how can we automatically turn data into insight? Written text is the obvious answer, but until recently, narrative could only be written by humans, which was neither fast enough nor scalable.
3. Business Intelligence is no longer about IT
As Rita Sallam put it, “Every data conversation is a business conversation”. The growing demand for self-service software shows that Business Intelligence needs to be accessible to all business users, not just IT. Today, business users are driving the conversation around BI and analytics. These business users, whether they are sales people, marketers or financial analysts, need to be able to make data-driven decisions in real time. They also are not data analysts themselves. So the answer is self-service technology that can explain the results of its analysis in language that everyone can understand!
At Yseop, we received nothing but positive feedback for our new product Savvy. Although Savvy currently integrates only with Excel and Qlik (with a fully-fledged API coming soon), the number one question we received was: can Savvy work with any software? In response, we’ve launched a “Suggest a software” form on the website, so anyone can suggest integrating Savvy with other BI tools.