The Quadrant Knowledge Solutions SPARK Matrix™ provides competitive analysis & ranking of the leading Data Preparation Tools Vendors.
10th July 2023: Quadrant Knowledge Solutions announced today that it has published SPARK Matrix analysis of the global Data Preparation Tools Market.
The Quadrant Knowledge Solutions SPARK Matrix™: Data Preparation Tools includes a detailed analysis of global market dynamics, major trends, vendor landscape, and competitive positioning. The study provides competitive analysis and ranking of the leading Data Preparation Tools vendors in the form of its SPARK Matrix™. The study provides strategic information for users to evaluate different vendor capabilities, competitive differentiators and market position.
According to Prabhat Mishra, Analyst at Quadrant Knowledge Solutions, “Data preparation tools vendors are focusing on providing platforms that process various data formats faster with greater accuracy and help organizations operationalize their data preparation pipelines. In addition to delivering data, vendors are also focusing on enhancing the tool’s user-friendliness through semantic enrichment, ensuring findability through catalogs, providing transparency through lineage tracking, and enabling collaborative work on data preparation. Additionally, the future of data preparation tools is being driven by AI and ML, which will automate processes to quickly identify, locate, and curate data sets, serving as a foundation for comprehensive business intelligence and analytics.”
Data preparation tools are enabling organizations to deal with data of large volume, variety and velocity. These tools allow organizations to easily access their data, provide advanced capabilities to blend and transform data, and facilitate augmented data preparation. Organizations are shifting to self-service data preparation tools to bridge the gap between domain experts and IT professionals, revamping their impact on customers and streamlining the data supply chain. Quadrant analysts believe that data preparation tools are gaining traction owing to increased adoption by industries such as banking & financial services, retail & e-commerce, manufacturing, telecommunication, and healthcare.
According to Apoorva Dawalbhakta, Associate Director at Quadrant Knowledge Solutions, “A promising trend in the context of analytics in the field of data preparation is the adoption of a collaborative approach that transcends departmental boundaries. By establishing a framework for data utilization and strengthening collaboration between business and technical experts, organizations are maximizing the benefits and leveraging data effectively across departments. This collaborative model has increased the demand for self-service data preparation, which will help organizations to configure more efficient data preparation pipelines and incorporating end-to-end data-driven decision-making.”
The research includes detailed competition analysis and vendor evaluation with the proprietary SPARK Matrix analysis. The SPARK Matrix includes an analysis of vendors, including Altair, Alteryx, Boomi, Cambridge Semantics, Datameer, DataRobot, Elegant MicroWeb, Informatica, Modak Analytics, Oracle, Precisely, Quest Software, SAP, SAS, Talend, Tamr, TIBCO and Yellowfin.
About Quadrant Knowledge Solutions
Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients as a strategic knowledge partner in achieving business transformation goals with Strategic Business and Growth Advisory Services. Quadrant’s research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments.
For more available research, visit: https://quadrant-solutions.com/market-research/
Mr Ajinkya Ingle
Quadrant Knowledge Solutions
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