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WEBINAR Spotlight On Forrester’s Business Insights Research

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Presentation on theme: "WEBINAR Spotlight On Forrester’s Business Insights Research"— Presentation transcript:

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2 WEBINAR Spotlight On Forrester’s Business Insights Research
Gene Leganza, Vice President, Research Director Srividya Sridharan, Vice President, Research Director September 12, Call in at 10:55 a.m. Eastern time

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4 Agenda Turn business insights into action. Business insights research team and key research streams How we help clients

5 Agenda Turn business insights into action. Business insights research team and key research streams How we help clients

6 Power has shifted in the age of the customer
Information Price Location Technology Institutions Customers

7 To compete and grow, firms must become customer-obsessed
Five customer-obsessed strategies

8 You need a new operating model that is insights-driven
The customer-obsessed operating model A customer-obsessed enterprise focuses its strategy, operations, and budget to enhance its knowledge of and engagement with customers. Actions: Systems of insight, customer analytics, business intelligence, big data, Hadoop, predictive analytics, data warehouse, data governance, processes, skills, architecture, CDOs, COEs, and more . . . Source: “What You Need To Go From Data-Rich To Insights-Driven” Forrester report

9 An insights-driven business harnesses and applies data and analytics at every opportunity to differentiate its products and customer experiences. Source: “The Insights-Driven Business” Forrester report

10 Evolve from “big data” and analytics to systems of insight
“All the market noise about data and analytics misses an important idea — your business cares about changing outcomes, and data and analytics are simply a means to that end build systems of insight that leverage these technologies to systematically harness data to become insights-driven.” — Brian Hopkins, VP, Principal Analyst Source: “A Technology Guide To Turn Data Into Customer-Obsessed Action” Forrester report

11 Firms are implementing a wide range of data-driven and insight-focused initiatives
“What are your firm’s plans for the following data-driven initiatives?” (% of respondents who answered “Implementing/implemented” and “Expanding/upgrading implementation”) 2015 2016 Recruiting more people with advanced data skills Changing our management culture to rely more on quantitative decisions Expanding our ability to source external data Investing more in business-friendly, self-service visualization and analytics Creating an organizational center of excellence for business intelligence Investing in distributed real-time insight delivery technology Base: 3,343 (2016) and 3,005 (2015) global data and analytics decision-makers with 100+ employees; Source: Forrester's Global Business Technographics® Data And Analytics Survey, 2016 and 2015

12 Agenda Turn business insights into action. Business insights research team and key research streams How we help clients

13 You need a business technology strategy that prioritizes systems of insight
Marketing, sales, and service software solutions Systems of insight, engagement, and support Source: “The Top Technologies For Your Business Technology Agenda, 2016” Forrester report

14 Our research gives insights leaders the full picture
The Customer Perspective Transform Customer Experiences With Systems Of Insight Big data doesn’t create actions that shape your CX — you must master turning insights into action. Customers For Business Leaders Top Performers Appoint Chief Data Officers Companies with CDOs are more likely to have higher revenue growth. Learn how to set CDOs up for success to drive growth and become insights-driven. Marketing & Strategy CMO B2B B2C CX CI eBiz For Marketing Leaders How Analytics Drives Customer Life-Cycle Management Deploy various analytical techniques across the customer life cycle to grow existing customer relationships and provide insight into future behavior. BT agenda Technology Management CIO AD&D EA I&O S&R SVM For Technology Leaders A Tech Guide To Turn Data Into Customer-Obsessed Action Learn what type of data, analytics, and insights technologies to use to drive customer-obsessed outcomes. For Enterprise Architects What You Need To Go From Data-Rich To Insights-Driven To enable insights-driven behaviors, makes data available, in the right form, timely, contextual, secure, and private.

15 The business insights research team
Carlton A. Doty VP, Group Director (Business Insights & B2C Marketing, B2B Marketing) @carldoty Dr. Holger Kisker VP, Research Director, AD&D @hkisker Gene Leganza VP, Research Director, EA @gleganza Srividya (Sri) Sridharan VP, Research Director, CI @Srividya James McCormick Principal Analyst, CI @JFMcCormick Cinny Little Senior Analyst, CI @CinnyLittle Fatemeh Khatibloo Principal Analyst, CI @fatemehx2 Jennifer Belissent Principal Analyst, CI @jenbelissent Noel Yuhanna Principal Analyst, EA @nyuhanna Brandon Purcell Senior Analyst, CI @bcpurcell Mike Gualtieri VP, Principal Analyst, AD&D @mgualtieri Nasry Angel Researcher, EA @nasryangel Brian Hopkins VP, Principal Analyst, EA @practicingEA Elizabeth Cullen Researcher, EA Rowan Curran Analyst, AD&D @ShortPierReview Boris Evelson VP, Principal Analyst, AD&D @bevelson CI: Customer insights (marketing and strategy) AD&D: Application development and delivery (technology management) EA: Enterprise architects (technology management)

16 Agenda Turn business insights into action. Business insights research team and key research streams How we help clients

17 With a connected body of research, we help our clients to . . .
. . . empower business users with actionable insights to win, serve, and retain customers. . . . boost customer experience with relevant and contextual personalization. . . . orchestrate the digital business transformation across all channels and lines of business. . . . unlock deep business insights through the power of advanced analytics. . . . establish efficient, secure, and compliant data and insights governance processes. . . . leverage existing BI investments to accelerate towards systems of insights. . . . democratize data and insights with open frameworks and processes. . . . manage the exploding universe of diverse data sources.

18 The insights-driven transformation needs a strong data and analytics foundation, but also a cultural shift in decision-making “What are your firm’s plans for the following data-driven initiatives?” Interested but no immediate plans (within the next 12 months) Expanding/upgrading implementation Not interested Implementing/implemented Planning to implement within the next 12 months Don’t know Improving our complete view of the customer across channels Implementing analytics insights in software systems to aid customers/support employee decisions Changing our management culture to rely more on quantitative decisions Base: 3,343 data and analytics decision-makers; Source: Forrester’s Global Business Technographics® Data And Analytics Survey, 2016

19 Playbooks and tools for insights teams
RECOMMENDED STEP-BY-STEP FRAMEWORKS AND VENDOR SELECTION TOOLS The Customer Analytics Playbook The Digital Intelligence Playbook The Business Intelligence Playbook The Data Management Playbook The Information Strategy Playbook The Customer Trust and Privacy Playbook Technology and vendor selection tools (not exhaustive): TechRadar™: Big Data, Q1 2016 TechRadar™: Information Governance Enabling Technologies, Q2 2016 Breakout Vendors: Big Data Integration Vendor Landscape: Enterprise Test Data Management The Forrester Wave™: Customer Analytics Solutions, Q1 2016 The Forrester Wave™: Big Data Streaming Analytics, Q1 2016 The Forrester Wave™: Big Data Text Analytics Platforms, Q2 2016 The Forrester Wave™: Big Data Hadoop-Optimized Systems, Q2 2016

20 Ten research streams help clients in their insights-driven journey
DATA Data management and governance Consumer privacy and trust Next-generation business intelligence Advanced analytics IoT insights and analytics Insights platforms and services Insights-driven enterprise and systems of insight Digital intelligence Cognitive/artificial Intelligence Data economy ANALYTICS INSIGHTS ACTION INNOVATION

21 How we help clients DATA Research streams Sample client questions
Data management and governance Big data technologies Database technologies Sample client questions How to best leverage Hadoop and what are the difference between Hadoop vendors? How do you build the next-generation data management platform? How do we evolve our data management capabilities? Sample published research in 2016 Big Data Fabric Drives Innovation And Growth TechRadar™: Big Data, Q1 2017 Your Business Is Only As Fast As Your Data Sample upcoming research The Future Of Hadoop Reference Architecture For Systems Of Insights Master Data Management In The Age Of The Customer

22 How we help clients (cont.)
ANALYTICS INSIGHTS Research streams Advanced analytics (customer analytics, predictive, text, streaming, spatial, search, and knowledge discovery) Business intelligence and digital intelligence AI/cognitive and IoT analytics Sample client questions What type of customer analytics techniques and methods should I use across the customer life cycle? How can we use predictive analytics/advanced analytics for applications? Are enterprises ready for cognitive? Sample published research in 2016 TechRadar™: Customer Analytics Methods, Q2 2016 TechRadar: Digital Intelligence Business Intelligence In The Not-Too-Distant Future — More Automated, Pervasive, Actionable Sample upcoming research TechRadar™: Cognitive/Artificial Intelligence Digital Intelligence Vendor Landscape Prescriptive Analytics Is The Black Belt Of BI

23 How we help clients (cont.)
ACTION Research streams CI strategy and organization Systems of insights, insights platforms and services Insights-driven business Testing and optimization Sample client questions How should the CI team be organized, and what skills are needed? How do I become an insights-driven business? How do I organize tech, people, and processes for data-driven CX optimization? Sample published research in 2016 The Customer Insights Center Of Excellence The Insights-Driven Business Optimize Customer Experiences With Digital Intelligence Sample upcoming research The Skills That Boost Customer Insights Value Change Management Is Your Secret To Customer Insights Success

24 How we help clients (cont.)
INNOVATION Research streams Customer trust and privacy Data economy Emerging tech Sample client questions How should we prepare for the new privacy, and how do we build trust with our customers? We’re sitting on a lot of unique-to-us data; should we/could we monetize that data? Sample published research in 2016 The Mechanics Of Trust Make Privacy A Competitive Differentiator Sample upcoming research Top 15 Emerging Technologies To Watch Fact Or Fantasy? The Truth Behind Data Commercialization

25 How to follow business insights research
Create research alerts for research streams. Use the “Personal Alerts” feature on forrester.com to add analysts, topics, webinars, and search terms or edit your interests. Follow key analysts on Twitter and social channels. Schedule an inquiry for a deep dive on key topics.

26 Gene Leganza Holger Kisker Srividya Sridharan
Holger Kisker Srividya Sridharan


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