Posted on July 17, 2009 by sagecircle
There is an inherent contradiction in vendors saying the industry analysts are not relevant in the age of social media, while at the same time spending tens of thousands if not hundreds of thousands of dollars on research reprints like the Gartner Magic Quadrant or Forrester Wave. If the analysts are no longer influential – some vendor executives actually make that declarative of a statement – then why are their companies wasting the money spent on reprints? Reprints are not chump change as Gartner in its Q1 earnings call revealed that it makes about $7 million per year in reprint rights. Plus, our Google Alerts set up for the Gartner Magic Quadrant and the Forrester Wave come in every day – without exception – with multiple new hits on vendors bragging about their positions on one or more of these iconic research graphics.
A small irony is that the vendors promoting analyst research in press releases, blog posts, Twitter tweets, reprints on websites, and quotes in sales presentations only help to reinforce the perception among enterprise technology products and services buyers that these analysts matter. To a certain extent, vendors are spending their money in order to do brand marketing for the analysts. Pretty good deal for the analyst firms, eh? Of course, the two biggest beneficiaries of this largess are Gartner and Forrester.
SageCircle has previously Continue reading
Filed under: Analyst industry, Signature analyst research | Tagged: analyst relations, AR, Forrester, Forrester Wave, Gartner, Magic Quadrant | 2 Comments »
Posted on March 13, 2009 by sagecircle
Gartner typically refreshes most Hype Cycles in June and July every year. From a timing point-of-view that means the analysts are starting to think about what they want to change in the Hype Cycle in April. Then in May and June they move into their serious work on their Hype Cycles in order to get them through Editorial by the end of June. Working backward that means that AR programs need to start now to think about how they want to influence the Hype Cycle.
A valuable resource for AR programs that want to influence the Hype Cycle is the book Mastering the Hype Cycle: How to Choose the Right Innovation at the Right Time (Harvard Business Press, $19.77 + S&H on Amazon) by Hype Cycle creator Jackie Fenn and colleague Mark Raskino. While written for the enterprise client, there are many valuable insights in the book for vendor AR professionals. Click here for SageCircle’s review of the book.
- Add influencing the Hype Cycle to your annual AR Strategic & Tactical Plan
- Carefully review the list of Hype Cycles to identify relevant targets (while there are 96 Hype Cycles as of July 6, 2008, this task will likely not require a lot of time and effort)
- Identify which of your company’s leading-edge Continue reading
Filed under: AR best practices, Reading List, Signature analyst research | Tagged: analyst relations, Gartner, Hype Cycle, Jackie Fenn, Mark Raskino | 1 Comment »
Posted on October 7, 2008 by sagecircle
Gartner’s Hype Cycle (official definition) is a research graphic that is far more useful than the Magic Quadrant, even if it is not as visible as the MQ. While it is not obsessed over like the MQ, Gartner has built a franchise around the Hype Cycle with the annual July spate of around 90 Hype Cycle research notes. These cover an average of 1,300 technologies and the related graphics are used in many conference presentations.
While the Hype Cycle provides valuable insights into how technology is adopted, Gartner has not provided much insight into the Hype Cycle itself. This is not all that unusual for IT industry analysts firms that are focused on cranking out topical research papers rather than teaching their clients and the marketplace about how to use the research. There is the “Understanding Gartner’s Hype Cycles” research note that accompanies the annual Hype Cycle series of research notes. However, there is only so much understanding that can be crammed into 12 to 14 pages. That is why this new book on the Hype Cycle has the potential to very useful.
Mastering the Hype Cycle: How to Choose the Right Innovation at the Right Time (Harvard Business Press, $19.77 + S&H on Amazon) is by Hype Cycle creator Jackie Fenn and colleague Mark Raskino. The book has two goals. First is to ensure that the reader is completely conversant about what the Hype Cycle is and is not. The second is provide insights into how the Hype Cycle can be used by innovation champions inside corporations to make sure that innovations are brought in at the right time.
“Part 1: The Hype Cycle” does a thorough job of explaining the Hype Cycle with lots of stories to illustrate points. Even somebody as familiar with the Hype Cycle as Continue reading
Filed under: Signature analyst research | Tagged: analyst relations, AR, Hype Cycle, Jackie Fenn, Mark Raskino, Mastering the Hype Cycle | 7 Comments »
Posted on August 22, 2008 by sagecircle
While we recommend that vendors don’t obsess over Gartner’s Magic Quadrant (MQ), it is also important that they realize that investing effort consistently between MQ refreshes will ensure that no nasty surprises pop up.
After we wrote in the SageCircle newsletter that vendors need to watch out for MQ complacency, especially if they are in the Leaders quadrant, Carter Cromley sent us the following email:
“We at SAVVIS are by no means complacent about our position. In fact we’re incredibly paranoid to the point of having an organized “Defending the Magic Quadrant” program (that included executive sponsorship) that seemed to be effective in us maintaining our leadership positioning the web hosting MQ (just published).”
One of the key points that Carter makes is having Continue reading
Filed under: AR best practices, AR management, Magic Quadrant, Signature analyst research | Tagged: analyst relations, AR, Forrester, Gartner, Wave | Comments Off on Executive sponsorship is critical success factor for a “Defending the Magic Quadrant” program
Posted on July 16, 2008 by sagecircle
Tip o’ the hat to Hill & Knowlton Global Technology Practice Director Josh Reynolds (bio, blog) for getting the ball rolling on how to approach the Hype Cycle. I met Josh early summer 2007 at Buck’s of Woodside (famed and quirky Silicon Valley hangout for venture capitalists and digerati) to discuss his ideas for influencing the Hype Cycle. Josh’s ideas were quite provocative and no doubt he can see a bit of their DNA in this piece of SageContentTM. I have not seen how Josh evolved his ideas into best practices, but perhaps he will post them on the H&K ARcade AR blog sometime in the near future.
As we mentioned in Thinking about Gartner’s Hype Cycle, the Hype Cycle is the most read piece of Gartner signature research by its clients, but it is often ignored by the vendor community because it does not directly rate vendors’ products or impact today’s sales opportunities. However, this is shortsighted as the Hype Cycle is influential on future IT strategies and budgets. As a consequence, vendors should be investing time into the Hype Cycle today in order to have an impact two to three years down the road.
There are three broad categories that AR teams have to work on: flattening the curve, speeding progress, and ensuring that their company is considered an exemplar for a particular technology, service, or technique on a Hype Cycle. This post will focus on the first category.
Flattening the Curve – One problem that vendors face when a technology or service is mentioned on one of the Hype Cycles is that the Peak of Inflated Expectations can get so high that there is a backlash. This can completely derail a promising market before Continue reading
Filed under: AR best practices, Signature analyst research | Tagged: analyst relations, AR, Cool Vendors, Forrester, Gartner, Hype Cycle, industry analysts, IT analysts, Magic Quadrant, market researchers, signature research | 5 Comments »
Posted on July 11, 2008 by sagecircle
As AR professionals focus (obsess) on the Gartner Magic Quadrant and Forrester Wave as primary targets for influencing, an important signature research deliverable is often overlooked – Gartner’s Hype Cycle (click graphic to see a larger version). This point is driven home by the fact that is takes a fair amount of work to find a vendor reprint of any Hype Cycle, whereas you can easily find MQ and Wave reprints starting on the first Google search results page. This vendor attitude is unfortunate because Gartner says that the Hype Cycle is the most read/download type of research, even more than the Magic Quadrant. However, because the Hype Cycle does not directly compare products and rarely even mentions vendors in passing, it is easy for vendors not to give Hype Cycles a high priority.
The Hype Cycle might take on additional visibility in October 2008 if Gartner and the Harvard Business School Press (HBSP) promote the new book, Mastering the Hype Cycle: How to Choose the Right Innovation at the Right Time by Jackie Fenn and Mark Raskino, as effectively as Continue reading
Filed under: Analyst industry, Signature analyst research | Tagged: analyst relations, AR, Charlene Li, Cool Vendors, Forrester, Gartner, Groundswell, Hype Cycle, industry analysts, IT analysts, Jackie Fenn, Josh Bernoff, Mark Raskino, market researchers, signature research, Wave | 8 Comments »
Posted on June 14, 2008 by sagecircle
Have you heard your spokespeople make the following statement when briefing the analysts or presenting to a group of analysts on a teleconference: “… also if I reflect on the way you put us, whether it’s your magic quadrants or …” Probably the executive was using “magic quadrant” as a generic label for analyst research graphics, much like people use Kleenex for facial tissue, Frisbee for a flying disc toy or Xerox for photocopying.
Using Magic Quadrant as a generic label is dangerous for any vendor’s relationship with the analyst community. Analysts at firms other than Gartner bridle at Gartner’s dominate mindshare in the market. Referring to the Magic Quadrant is adding salt to their wounds. Gartner analysts, on the other hand, are extremely touchy about what they feel is the misuse of their signature research deliverable by the vendor community. So for vendors this is a lose-lose situation.
This situation also applies to other high visibility analyst deliverables like the Forrester Wave and Gartner Hype Cycle.
Filed under: AR best practices, Magic Quadrant, Signature analyst research | Tagged: analyst relations, AR, Cool Vendors, Forrester, Gartner, Hype Cycle, industry analysts, IT analysts, market researchers, signature research, Wave | 2 Comments »