Text Analytics: A Key Trend To Watch Over The Next Three Years

Leslie Owens

My colleague Gene Leganza, who serves Enterprise Architecture Professionals, compiled the top 15 technology trends EA should watch over the next three years. He highlights technologies that are new or changing, have the potential for significant impact, and require an IT-led strategy to exploit.

He highlights text analytics technology in the report because understanding unstructured data plays a critical part in daily operations. Enterprises have too much content to review and annotate manually. Text analytics products from vendors like Temis and SAS mine, interpret, and add structure to information to reveal hidden patterns and relationships.  In my 2009 overview of text analytics, I cite the primary use cases for these tools: voice of the customer, competitive intelligence, operations improvements, and compliance and law enforcement.

But there are a few other sweet spots for text analytics tools in the enterprise:

Analytics and search: Analytics tools surface and visualize patterns; search tools return discrete results to match an expressed need. But these disciplines are blending. People want to drill in to high-level analysis to find the specific thing customers buzz about.  And many searchers don’t know how to articulate their need as a query and are looking for the big picture on a topic or trend. Forrester expects these solutions to come together, as search tools mainstream semantic features like entity extraction out of the box, and analytics vendors introduce new ways to investigate relationships and data output.  

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Benchmark Your Job Responsibilities Against Peers

JP Gownder

Consumer product strategists hold a wide variety of job titles: product manager, product development manager, services manager, or a variation of general manager, vice president, or even, sometimes, CEO or other C-level title. Despite these varying titles, many of you share a great number of job responsibilities with one another.

We recently fielded our Q4 Global Consumer Product Strategy Research Panel Online Survey to 256 consumer product strategy professionals from a wide variety of industries. Why do this? One reason was to better understand the job responsibilities that you, in your role, take on every day. But the other reason was to help you succeed: By benchmarking yourself against peers, you can identify new job responsibilities for growth, improve your effectiveness, and ultimately advance your career.

What did we find out? The bottom line is that consumer product strategy jobs are pretty tough. We found a wide range of skills are required to do the job well, since consumer product strategists are expected to:

  • Drive innovation. Consumer product strategists are front-and-center in driving innovation, which ideally suffuses the entire product life cycle. Being innovative is a tall task, but all of you are expected to be leaders here.
  • Think strategically... You've got to have a strategic view of your markets, identifying new concepts and business models and taking a long-term view of tomorrow's products.
  • ...but execute as a business person. While thinking strategically, you generally have to execute tactically as well. You're business unit owners. At the senior-most levels, you hold the P&L for the product or portfolio of products.
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Apply A “Startup” Mentality To Your IT Infrastructure And Operations

Doug Washburn

Cash-starved. Fast-paced. Understaffed. Late nights. T-shirts. Jeans.

These descriptors are just as relevant to emerging tech startups as they are to the typical enterprise IT infrastructure and operations (I&O) department. And to improve customer focus and develop new skills, I&O professionals should apply a “startup” mentality.

A few weeks ago, I had the opportunity to spend time with Locately, a four-person Boston-based startup putting a unique spin on customer insights and analytics: Location. By having consumers opt-in to Locately’s mobile application, media companies and brands can understand how their customers spend their time and where they go. Layered with other contextual information – such as purchases, time, and property identifiers (e.g. store names, train stops) – marketers and strategists can drive revenues and awareness, for example, by optimizing their marketing and advertising tactics or retail store placement.

The purpose of my visit to Locately was not to write this blog post, at least not initially. It was to give the team of five Research Associates that I manage exposure to a different type of technology organization than they usually have access to – the emerging tech startup. Throughout our discussion with Locately, it struck me that I&O organizations share a number of similarities with startups. In particular, here are two entrepreneurial characteristics that I&O professionals should embody in their own organizations:

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The Global Software Market In Transformation: Findings From The Forrsights Software Survey, Q4 2010

Holger Kisker

Two months ago, we announced our upcoming Forrester Forrsights Software Survey, Q4 2010. Now the data is back from more than 2,400 respondents in North America and Europe and provides us with deep and sometimes surprising insights into the software market dynamics of today and the next 24 months.

We’d like to give you a sneak preview of interesting results around some of the most important trends in the software market: cloud computing integrated information technology, business intelligence, mobile strategy, and overall software budgets and buying preferences.

Companies Start To Invest More Into Innovation In 2011

After the recent recession, companies are starting to invest more in 2011, with 12% and 22% of companies planning to increase their software budgets by more than 10% or between 5% and 10%, respectively. At the same time, companies will invest a significant part of the additional budget into new solutions. While 50% of the total software budgets are still going into software operations and maintenance (Figure 1), this number has significantly dropped from 55% in 2010; spending on new software licenses will accordingly increase from 23% to 26% and custom-development budgets from 23% to 24% in 2011.

Cloud Computing Is Getting Serious

In this year’s survey, we have taken a much deeper look into companies’ strategies and plans around cloud computing besides simple adoption numbers. We have tested to what extent cloud computing makes its way from complementary services into business critical processes, replacing core applications and moving sensitive data into public clouds.

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IT Confronts The Splinternet

Ted Schadler

Just posted an OpEd piece on IT's role in supporting the Splinternet. The Splinternet is a lot like the Internet except that it's fragmented by devices and passwords (and media formats and screen sizes and location). Customers don't get a single experience across mobile, social, and Web channels today. But they need to. Marketing is scrambling to give customers the mobile apps and social engagement they desire, scambling to overcome the Splinternet. But marketing can't do it alone.

The most digitally advanced firms and organizations on the planet realize that they need a whole-company response (and that includes all of IT as well as customer service, sales, and product development; supported by finance and legal and ops) already and are investing to deal with the Splinternet. (ESPN, NPR, Amazon, Google, and Bank of America come to mind.)

I won't repeat the article here, but I will point out that IT has a choice to make. It starts with a logic argument:

  • Customers expect a single experience across the Web, mobile, and social channels.
  • IT is the only part of the organization that can stitch together all of the systems across all of the channels to deliver that single experience.
  • Therefore, IT needs to step up and confront the challenges and opportunities presented by the Splinternet.
  • Therefore, IT must work even more closely with marketing, sales, customer service, and product development.
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ScaleMP – Interesting Twist On Systems Scalability And Virtualization

Richard Fichera

I just spent some time talking to ScaleMP, an interesting niche player that provides a server virtualization solution. What is interesting about ScaleMP is that rather than splitting a single physical server into multiple VMs, they are the only successful offering (to the best of my knowledge) that allows I&O groups to scale up a collection of smaller servers to work as a larger SMP.

Others have tried and failed to deliver this kind of solution, but ScaleMP seems to have actually succeeded, with a claimed 200 customers and expectations of somewhere between 250 and 300 next year.

Their vSMP product comes in two flavors, one that allows a cluster of machines to look like a single system for purposes of management and maintenance while still running as independent cluster nodes, and one that glues the member systems together to appear as a single monolithic SMP.

Does it work? I haven’t been able to verify their claims with actual customers, but they have been selling for about five years, claim over 200 accounts, with a couple of dozen publicly referenced. All in all, probably too elaborate a front to maintain if there was really nothing there. The background of the principals and the technical details they were willing to share convinced me that they have a deep understanding of the low-level memory management, prefectching, and caching that would be needed to make a collection of systems function effectively as a single system image. Their smaller scale benchmarks displayed good scalability in the range of 4 – 8 systems, well short of their theoretical limits.

My quick take is that the software works, and bears investigation if you have an application that:

  1. Either is certified to run with ScaleMP (not many), or one where that you control the code.
  2. You understand the memory reference patterns of the application, and
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Consider The Cloud As A Solution, Not A Problem

Jean-Pierre Garbani

It’s rumored that the Ford Model T’s track dimension (the distance between the wheels of the same axle) could be traced from the Conestoga wagon to the Roman chariot by the ruts they created. Roman roads forced European coachbuilders to adapt their wagons to the Roman chariot track, a measurement they carried over when building wagons in America in the 19th and early 20th centuries. It’s said that Ford had no choice but to adapt his cars to the rural environment created by these wagons. This cycle was finally broken by paving the roads and freeing the car from the chariot legacy.

IT has also carried over a long legacy of habits and processes that contrast with the advanced technology that it uses. While many IT organizations are happy to manage 20 servers per administrator, some Internet service providers are managing 1 or 2 million servers and achieving ratios of 1 administrator per 2000 servers. The problem is not how to use the cloud to gain 80% savings in data center costs, the problem is how to multiply IT organizations’ productivity by a factor of 100. In other words, don’t try the Model T approach of adapting the car to the old roads; think about building new roads so you can take full advantage of the new technology.

Gains in productivity come from technology improvements and economy of scale. The economy of scale is what the cloud is all about: cookie cutter servers using virtualization as a computing platform, for example. The technology advancement that paves the road to economy of scale is automation. Automation is what will abstract diversity and mask the management differences between proprietary and commodity platforms and eventually make the economy of scale possible.

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The Evolving Successes Of CRM - Part 2 Of 3

Kate Leggett

MyCustomer.com recently asked me what my thoughts were about CRM — why initial CRM projects failed, what has changed to make deployments successful, and what the future holds for CRM. Here is the second part of my answers, as well as a link to the published article.


Question: What has improved/changed to make CRM implementations more successful now?

Answer: My flip answer is that we’ve all grown up. Our technology has matured, we now have best practice processes to scope, implement, and deploy CRM systems, and we understand the organizational commitment and achieve the ROI that CRM has been promising us for the last decade.

A more factual answer is that CRM systems are now feature-rich, with best practice and industry-specific workflows built into them. This means that customers can choose to adopt these best practices without needing many man-months of customization work. The CRM architecture has evolved to make them immensely scalable, more easily integratable with other IT systems, as well as easily changeable to keep in step with changing business needs (think about all the mergers and acquisitions that have happened in the past several years, and the IT changes that have had to quickly happen to preserve the customer experience). There are also SaaS solutions available to achieve a rapid time-to-value, and we see a significant uptick in SaaS CRM adoption. Vendors and system integrators have a proven track record of deploying, tuning, and optimizing CRM projects to achieve quantifiable ROI, and this knowledge can be easily leveraged.


Question: What typically characterized a CRM project 10 years ago? And what do you believe typically characterizes a CRM project today?

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Business Technology 2020 – Questions And Answers

Alex Cullen

What will business and technology be like in 2020 – and what’s IT’s place in this new world? This is the subject of a teleconference that James Staten and I held for our clients yesterday and also the subject of an upcoming Forrester report.

In this teleconference, we painted a picture of the impact of business-ready, self-service technology, a tech-savvy and self-sufficient workforce, and a business world in which today’s emerging economies dwarf the established ones, bringing a billion new consumers with a radically different view of products and services, as well as in which surging resource costs – especially energy costs – crush today’s global business models. 

In the past, when new waves of technology swept into our businesses – everything from the 1980s’ PCs to today’s empowered technologies – the reaction was the swinging pendulum of “decentralized/embedded IT” followed by “centralized/industrialized IT.” These tired old reactions won’t work in the world 2020. Instead, businesses must move to a model we call Empowered BT.

Empowered BT empowers business to pursue opportunities at the edge and the grassroots – but to balance this empowerment with enterprise concerns. Key to this balance is the interplay between four new “meta roles” – visionaries, consultants, integrators, and sustainability experts – combined with a new operating model based on guidelines, mentoring, and inspection. Also key is IT changing from a mindset in which it needs to control technology to one in which it embraces business ownership of technology decisions.

The teleconference chat window was busy as James and I presented our research. Here are the questions we weren’t able to answer due to time.

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Deutsche Bank Implements TCS BaNCS For Its International Subsidiaries

Jost Hoppermann

For some time there have been rumors about Deutsche Banking having selected TCS BaNCS for some or all of its international subsidiaries. Today, both Deutsche Bankand Tata Consultancy Services (TCS)published a press release announcing that Deutsche Bank will implement TCS BaNCS Core Banking as its new core banking platform for Global Transaction Banking (GTB). The first international subsidiary, which is located in Abu Dhabi, went live three days ago. I discussed the deal with N. Ganapathy Subramaniam (NGS), the president of TCS Financial Solutions.

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