Gartner Marketing Technology Map May 2016

marketing_technology_may2016

Kirsten Newbold-Knipp, Gartner:

Here are a few highlights from some of our 2016 marketing cool vendors reports as well as guidance on technology selection.

  • Cool Vendors in Content Marketing: As content marketing grows up from its early tactical success to become a scalable program, marketers need to expand their content pipeline with high quality results. The vendors highlighted in this year’s research all heed that call: Seenit supports UGC video, Canva and Visage extend graphic design capabilities and Cintell helps increase content relevance by making personas more actionable.
  • Cool Vendors in Digital Commerce Marketing: Marketers need to enhance and evolve their digital commerce marketing to create compelling shopping experiences. Both Edgecase and Reflektion make shopping more informative and relevant, while ChannelSight powers distributed commerce and shoppable media to expand marketers’ addressable audience. Two players make it easier to merchandising complex products – Marxent uses virtual reality to bring products and environments to life, while True Fit takes the guesswork out of sizing shoes and clothing online.
  • Cool Vendors in Mobile Marketing: Understanding how consumers use mobile devices to engage online and offline is key to an effective mobile marketing strategy. Location based marketing is top of mind. Bluefox helps retailers and brands engage in location based personalization – without the need for an app, NinthDecimal supports location related insights with a focus on online/offline attribution and Gravy provides location informed behavioral analytics by tracking attendance at live events. Yext, serves the flip side of location, helping businesses maintain their physical-world information across online directories and listings. Marfeel – the only non-location based player in this year’s lineup – provides tools to design native mobile-optimized pages that load faster and create better end-user experiences.
  • Cool Vendors in Social Marketing: Social marketers are looking for new ways leverage the audiences they’ve built over years – from activation to insights – especially now that advertising dominates organic reach in social. On the activation front, Ahalogy helps clients drive sales through pay-for-performance via Pinterest, Chirpify offers awards in return for social engagement that builds out richer customer profiles and Mavrck uses the concept of microinfluence to drive scalable word-of-mouth efforts. Using social data for customer insights, Hyperactivate lets brands track and understand which individuals create the most campaign impact whereas Pixability helps marketers track and optimize their YouTube advertising efforts.
  • Framework for Choosing Digital Marketing Technology (Gartner client access only): With so many cool vendors, you need to choose carefully to ensure that you get the most bang for your marketing buck. It’s vital that you don’t jeopardize your investment by looking too narrowly at a particular feature set or become restricted by unrealistic budget caps. You need to hone in on how the technology will help you achieve your marketing goals. Gartner’s framework will help you define and articulate the capabilities you need the tech to deliver. And it will guide you through the process of vendor selection, to ensure you get the tech that’s best for you.
Posted in Misc | Leave a comment

Buzzword Watch: What’s In and Out in Technology 2016

compTIA-buzzwords

ComTIA:

CompTIA evaluates trends for its IT Industry Outlook based on their recent or imminent impact. For developments that are just emerging, or trends that are still on under the radar, Buzzwords Watch provides a glimpse of terms that could gain traction. Of course, many will also fizzle out.

Note: CompTIA’s Buzzword Watch is not meant to be a formal, quantitative assessment of trends, but rather an informal look at interesting concepts that may be worth paying attention to in the year ahead.

Posted in Misc | Tagged | Leave a comment

History of the Internet of Things (IoT)

Internet-of-things-history

Source: 

See also: A Very Short History Of The Internet Of Things

Posted in Internet of Things | Leave a comment

A Day in the Life of a Data Scientist

DataScientist_dayinlife

HT: @NinjaEconomics

See also: Cleaning Big Data: Most Time-Consuming, Least Enjoyable Data Science Task, Survey

Posted in Misc | Leave a comment

DMway Automates Predictive Analytics

Crystal-ball-predicitve-analyticsIn its most recent hype cycle for emerging technologies, Gartner introduced “citizen data science” and “advanced analytics with self-service delivery.” Both technologies were predicted to reach the “plateau of productivity” in 2 to 5 years before

The shortage of data scientists and the resulting high salaries they command is giving rise to new self-service tools, automating all stages of data science so business analysts, marketing managers, IT staff and others could perform advanced analytics as part of their jobs.

By 2017, Gartner says, the number of these citizen data scientists in small and large organizations will grow five times faster than the number of highly skilled data scientists. Forrester agrees that the “huge demand” for data scientists will not be met in the short term, “even as more degree programs launch globally.” And the demand for advanced data analysis will only increase in the coming years with the rise of the Internet of Things.

Automation also helps the few overworked data scientists available today, making the experienced more productive and helping the newly-minted add value faster.  A number of startups, such as Trifacta and Tamr, have focused on the early stages of the data analytics process—data preparation and transformation—and others have focused on later stages such as data visualization or on specific applications and industries.

An interesting challenge is automating the core of the data science process, the development and maintenance of predictive models (Forrester recently declared that Predictive Analytics is the hottest big data technology). The founders of DMway, which recently raised $1 million dollars in seed funding from JVP Labs, have “spent their entire careers on understanding and mapping the methods of algorithm and model developers,” says CEO Gil Nizri.

“Predictive analytics is a great competitive differentiator but it is still beyond the reach of most organizations,” adds Nizri.  “DMway is enabling any size company, from SMB to enterprise, to compete on a level playing field.”

DMway’s model building “mimics the way a human expert develops a model,” says CTO Ronen Meiri. It starts by exploring the data, searching through all potential predictors and selecting the most influential. Using the set of influential predictors it creates a final prediction model and then applies it to an independent dataset to check its accuracy and over-fitting, making sure the model is general enough to apply to new observations.  Finally, it provides multiple methods for seamless integration and deployment of the model.

The result is faster model development and more accurate models, sometimes 20% more accurate than traditionally-developed models. The benefits of automation, however, do not apply only to the initial development of the model. “Most of the resources are going to model maintenance and not to building the model for the first time,” says Meiri. “In micro-financing, for example, they usually re-build the model every three months.”

Businesses operating in environments with fast-changing conditions are prime candidates for automated model maintenance and a number of DMway’s early customers are Fintech startups. BACKED, providing loans to young Americans, uses DMway to predict loan defaults and Fido Credit, provider of micro-financing in Africa, uses DMway to assess credit risk.  Beyond the financial sector, DMway’s automated model development is used by the marketing department of YES, a Cable TV operator, to predict customer churn and facilitate lead conversion.

As Eric Siegel, founder of Predictive Analytics World and author of Predictive Analytics: The Power to Predict Who Will Click, Buy, Lie, or Die, declaimed in a previous version of this rap video:

[youtube https://www.youtube.com/watch?v=bSP3z0LmWEg?rel=0]

Modeling means modifying models incrementally,

With a geek technique to tweak, it will reach the peak eventually.

Each step is taken to improve prediction on the training cases,

One small step for man; one giant leap—the human race is going places!

DMway is a good example of how automation is best discussed as human augmentation rather than human replacement, as it facilitates analyst-machine collaboration. The human race may indeed go places when data scientists—both of the highly skilled and of the “citizen” varieties—are supplied with tools that increase their productivity and the accuracy of models that drive decisions.

Originally published on Forbes.com

Posted in Predictive analytics | Tagged | Leave a comment

IoT: The Explosion of Connected Things

[vimeo 94011734 w=640 h=360]

See also A Very Short History of the Internet of Things

Posted in Internet of Things | Leave a comment

Video Surveillance Market to Reach $71.28 Billion by 2022

Video-Surveillance-As-A-Service-Cloud-Video-Camera

MarketsAndMarkets:

Video Surveillance market is expected to be worth $71.28 Billion by 2022, growing at an estimated CAGR of 16.56%.

The market for the service segment is expected to grow at the highest CAGR between 2016 and 2022. Cloud services and video surveillance as a service (VSaaS) play an important role in the video surveillance system.

Software components include video analytics and video management software. Also, the use of neural networks and algorithms in the biometric surveillance system is a part of software component.  The advancement in software technologies and networking services would lead the video surveillance market.

Posted in Misc | Tagged | Leave a comment

A Growing Share of IoT Investment Goes to Industrial IoT

IoT-Vs-Industrial

CB Insights:

A growing slice of deals to Internet of Things startups are going to applications relevant to asset-heavy industries, including manufacturing, logistics, mining, oil, utilities and agriculture.

Q1’16, for example, saw financings to enterprise drone developer Airware and industrial augmented-reality headset maker Daqri.

We used CB Insights data to compare quarterly financing to the IoT and industrial IoT (IIoT), in order to visualize the industrial share of overall IoT funding,

IIoT companies have taken an increasingly larger piece of the overall IoT pie. In 2011, IIoT accounted for 17% of all funding dollars. Fast-forward to 2015, and IIoT accounted for 40% of investment in the year.

Most recently, Q1’16 saw more than one-third of IoT funding going to industrial-focused startups.

 

Posted in Internet of Things | Tagged | Leave a comment

How Americans Spend Their Time (Infographic)

How Americans Spend Their Time

Posted in Misc | Tagged | Leave a comment

10 Most Successful Big Data Technologies

Forrester graphic

As the big data analytics market rapidly expands to include mainstream customers, which technologies are most in demand and promise the most growth potential? The answers can be found in TechRadar: Big Data, Q1 2016, a new Forrester Research report evaluating the maturity and trajectory of 22 technologies across the entire data life cycle. The winners all contribute to real-time, predictive, and integrated insights, what big data customers want now.

Here is my take on the 10 hottest big data technologies based on Forrester’s analysis:

  1. Predictive analytics: software and/or hardware solutions that allow firms to discover, evaluate, optimize, and deploy predictive models by analyzing big data sources to improve business performance or mitigate risk.
  2. NoSQL databases: key-value, document, and graph databases.
  3. Search and knowledge discovery: tools and technologies to support self-service extraction of information and new insights from large repositories of unstructured and structured data that resides in multiple sources such as file systems, databases, streams, APIs, and other platforms and applications.
  4. Stream analytics: software that can filter, aggregate, enrich, and analyze a high throughput of data from multiple disparate live data sources and in any data format.
  5. In-memory data fabric: provides low-latency access and processing of large quantities of data by distributing data across the dynamic random access memory (DRAM), Flash, or SSD of a distributed computer system.
  6. Distributed file stores: a computer network where data is stored on more than one node, often in a replicated fashion, for redundancy and performance.
  7. Data virtualization: a technology that delivers information from various data sources, including big data sources such as Hadoop and distributed data stores in real-time and near-real time.
  8. Data integration: tools for data orchestration across solutions such as Amazon Elastic MapReduce (EMR), Apache Hive, Apache Pig, Apache Spark, MapReduce, Couchbase, Hadoop, and MongoDB.
  9. Data preparation: software that eases the burden of sourcing, shaping, cleansing, and sharing diverse and messy data sets to accelerate data’s usefulness for analytics.
  10. Data quality: products that conduct data cleansing and enrichment on large, high-velocity data sets, using parallel operations on distributed data stores and databases.

Forrester’s TechRadar methodology evaluates the potential success of each technology and all 10 above are projected to have “significant success.” In addition, each technology is placed in a specific maturity phase—from creation to decline—based on the level of development of its technology ecosystem. The first 8 technologies above are considered to be in the Growth stage and the last 2 in the Survival stage.

Forrester also estimates the time it will take the technology to get to the next stage and predictive analytics is the only one with a “>10 years” designation, expected to “deliver high business value in late Growth through Equilibrium phase for a long time.” Technologies #2 to #8 above are all expected to reach the next phase in 3 to 5 years and the last 2 technologies are expected to move from the Survival to the Growth phase in 1-3 years.

Finally, Forrester provides for each technology an assessment of its business value-add, adjusted for uncertainty. This is based not only on potential impact but also on feedback and evidence from implementations and market reputation. Says Forrester: “If the technology and its ecosystem are at an early stage of development, we have to assume that its potential for damage and disruption is higher than that of a better-known technology.” The first 2 technologies in the list above are rated as “high” business value-add, the next 2 as “medium,” and all the rest “low,” no doubt because of their emerging status and lack of maturity.

Why did I add to the list of hottest technologies two that are still in the Survival phase—data preparation and data quality? In the same report, Forrester also provides the following data from its Q4 2015 survey of 63 big data vendors:

What is the level of customer interest in each of the following capabilities? (% answering “very high”)

Data preparation and discovery                                    52%

Data integration                                                               48%

Advanced analytics                                                          46%

Customer analytics                                                          46%

Data security                                                                     38%

In-memory computing                                                    37%

While Forrester predicts that a few standalone vendors of data preparation will survive, it believes this is “an essential capability for achieving democratization of data,” or rather, its analysis, letting data scientists spend more time on modeling and discovering insights and allowing more business users to have fun with data mining.  Data Quality includes data security from the table above, in addition to other features ensuring decisions are based on reliable and accurate data. Forrester “expects that data quality will have significant success in the coming years as firms formalize a data certification process. Data certification efforts seek to guarantee that data meets expected standards for quality; security; and regulatory compliance supporting business decision-making, business performance, and business processes.”

“Big Data” as a topic of conversation has reached mainstream audiences probably far more than any other technology buzzword before it. That did not help the discussion of this amorphous term, defined for the masses as “the planet’s nervous system” (see my rant here) or as “Hadoop” for technical audiences.  Forrester’s report helps clarify the term, defining big data as the ecosystem of 22 technologies, each with its specific benefits for enterprises and, through them, consumers.

Big data, specifically one its attributes, big volume, has recently gave rise to a new general topic of discussion, Artificial Intelligence. The availability of very large data sets is one of the reasons Deep Learning, a sub-set of AI, has been in the limelight, from identifying Internet cats to beating a Go champion.  In its turn, AI may lead to the emergence of new tools for collecting and analyzing data.

Says Forrester: “In addition to more data and more computing power, we now have expanded analytic techniques like deep learning and semantic services for context that make artificial intelligence an ideal tool to solve a wider array of business problems. As a result, Forrester is seeing a number of new companies offering tools and services that attempt to support applications and processes with machines that mimic some aspects of human intelligence.”

Prediction is difficult, especially about the future, but it’s a (relatively) safe bet that the race to mimic elements of human intelligence, led by Google, Facebook, Baidu, Amazon, IBM, and Microsoft, all with very deep pockets, will change what we mean by “big data” in the very near future.

Originally posted on Forbes.com

Posted in Big Data Analytics | Tagged | Leave a comment