Quiterian Appears In Gartner's 'Magic Quadrant For BI Platforms 2011' Report

Online, February 3, 2011 (Newswire.com) - Gartner presented in the Business Intelligence Summit 2011, which took place last Tuesday in London, the results of the 'Magic Quadrant for Business Intelligence Platforms'. In this report, Gartner reflects its view on main trends and BI and PM software vendors in the current market. Those who may be taken into account by any organization interested in purchasing BI platforms in order to identify business opportunities and speed its decision-making processes up. And Quiterian and its DDWeb are placed among these suppliers.

Specifically, Quiterian appeared in the 'Magic Quadrant Customer Survey research notes', for which its customers' opinions and reviews were extremely valuable. In this extract of the 'Magic Quadrant for BI Platforms' report, Gartner referred to Quiterian -among other issues- for "having made Data Mining and Statistical Analysis of large-scale data user-friendly and accessible to all business users".

Next, you can find the original extract of the 'Magic Quadrant Customer Survey research notes':

"Advanced analysis leveraging statistical and predictive analytics capabilities is an increasingly important requirement in BI applications. However, two major barriers - cost and ease of use of tools - have inhibited adoption to date. Cost is an issue both in terms of software licenses of current market leader SAS, as well as cost of the high-end skills that are typically required for developing prediction models and advanced analytic applications. The difficulty in using existing tools is the second major inhibitor to broader adoption. The three vendors included in this section, while not meeting the Magic Quadrant inclusion criteria, are addressing these barriers. Quiterian provided enough customer references to be included in the Magic Quadrant Customer Survey research notes that will publish in 1Q11.

Quiterian and its Dynamic Data Web (DDWeb) product were only introduced to Gartner in 2010, but have been available in Spain since 2003, where the company has a good presence and reference base - 28 of its customers took part in the survey for this Magic Quadrant. Effectively a large-scale data discovery offering, its core value proposition is easing the use of data mining and statistical analysis, and thus making these capabilities more broadly available. This is something that's evidently needed - only 11% of firms surveyed for this Magic Quadrant use these functions extensively today. However, this means it'll be up against some stiff competition, notably from IBM and SAS, as well as from Tibco Software (Spotfire), which offers a similar value proposition for complex data discovery and advanced analytics. Technically, DDWeb uses an intermediate processing layer on top of a columnar database (historically Alterian, but soon its own C-store) to BI functionality (for example, predictive analysis). Quiterian intends to expand its geographical reach quickly, having opened offices in Portugal, Mexico and the U.S. in 2010, as well as through a growing international value-added reseller channel".

'Magic Quadrant Survey research notes', Gartner, 2011