As part of this agreement, IBM will resell Datawatch Monarch, Datawatch's market-leading self-service data preparation solution, which enables business analysts to rapidly access, manipulate and blend data from the widest variety of sources.
Self-service data preparation is one of the key components in an effective analytics strategy, the Bedford, MA-based firm noted in its announcement. But in many instances an organization's source data is diverse and rarely presents itself in a form that is accessible or in the format needed to perform analytics.
“Data sources come in a wide range of report formats, which often require IT intervention to make it usable to the average line of business user or citizen analyst. In fact, business analysts and data scientists typically spend up to 80 percentof their time manually preparing data, and it's estimated that only 12 percentof enterprise data is used today to make decisions,” the firm noted.
The firm said that with Datawatch Monarch, IBM Watson Analytics and Cognos Analytics users can now rapidly prepare data from virtually any information source, from traditional databases to multi-structured documents, such as PDF and text reports, Web pages, JSON and log files that had previously been locked away.
"Many organizations still do not have access to the underlying data needed for critical business insights and as a result are spending entirely too much time preparing data and not enough time analyzing," said Marc Altshuller, Vice President, Watson Analytics and Business Intelligence, IBM Analytics. "The ability to simply send data accessed and prepared in Datawatch directly to Watson Analytics and Cognos Analytics will enable businesses to quickly select any data source and automatically convert it into structured data for analysis. This will not only expedite time to insight, but it increases the likelihood of uncovering new insights that have the potential to transform the business."
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