When I was an industry analyst, I always felt that the most enlightening and valuable research came from first hand, end user feedback. Who better to hear from than practicing professionals doing real world work? Pleasing customers with enterprise software isn’t for the faint of heart and if you really want unvarnished insights, end users should be the core of your critical feedback loop.
It’s for this reason the team at TIBCO is so excited to see the results of The Wisdom of Crowds® Business Intelligence and Enterprise Planning Market Studies delivered by Dresner Advisory Services, LLC. This research speaks directly to the end user community on a wide variety of categories to unearth a complete view of market realities, plans, and perceptions from users in all roles and across industries.
This month Dresner Advisory Services announced its 2017 Industry Excellence Awards based on high vendor ratings in their most recent research. TIBCO Spotfire achieved awards as a Customer Experience Leader and a Value Leader, while TIBCO Statistica received the Technology Leader and Credibility Leader awards. Both solutions were acknowledged for their overall strength in sales, support, consulting services, and more. Vendors who are awarded Customer Experience and Technology leaders are executing at a high level for sales and service, as well as product and technology. Credibility and Value leaders have customers who reflect a high level of confidence and sense of value for the price paid.
Dresner’s Wisdom of Crowds research started in 2010 and dives deep when appraising vendors performance by tracking 33 different criteria across 7 topic areas that include, Sales Experience, Value for Price Paid, Technology/Product, Technical Support, Consulting Services, Customer Recommendation, and Vendor Integrity.
The Wisdom of Crowds research examines the details of our industry and surfaces positive trends that point to great progress for Business Intelligence and Analytic consumers. When reviewing the the Value dimension of the Dresner report a positive trend emerges: Since 2012, respondents to the survey are scoring the vendors with progressively higher value scores year over year. Keeping up with this competitive landscape puts pressure on solution providers, making it harder to compete and in the case of Spotfire even more satisfying to be among the leaders in this area.
Dresner tracks 12 different criteria to score product quality and usefulness, which includes robustness/sophistication of technology, completeness of functionality, reliability of technology, scalability, integration of components within product, integration with third-party technologies, overall usability, ease of installation, ease of administration, customization and extensibility, online training, forums and documentation, and ease of upgrades and migration to new versions. All saw increases in 2017 except ease of upgrades again. This trend points to increased competition and maturity in the market, making it more difficult to rise to leadership positions in the research.
The vendor credibility model employed by Dresner combines the value for price paid as scored by the user along with a vendor’s integrity score (honesty and truthfulness in all dealings) and recommendation score (customers willingness to recommend the vendor) to create an overall confidence dimension. The value and confidence dimensions position where a vendor is placed in the overall rankings. TIBCO Statistica placement among credibility leaders is an award to be proud of considering the competition and the scoring criteria.
The 2017 Industry Excellence Awards speak highly of TIBCO’s analytic strategy and our Connected Intelligence approach to digital transformation. To differentiate and maintain competitive advantage, smart companies should rely on solutions that lead in Customer Experience, Value, Technology, and Credibility.
Read more about the 2017 Excellence Awards here.