Tag: PEAK Matrix

Everest Group Launches PEAK Matrix® Assessment for Providers of People Analytics Platforms

Everest Group names Crunchr, Dayforce, One Model, SplashBI, Visier, and Workday as Leaders in helping enterprises use people and business data to improve decision-making across the employee hire-to-retire cycle.

 

DALLAS, May 6, 2024 — According to Everest Group, a growing number of enterprises are prioritizing investment in resources to capture and analyze employee data to make better and more informed decisions rather than relying solely on intuition. To identify leading technology providers in this market segment, Everest Group has published its first PEAK Matrix® assessment for providers of people analytics platforms.

 

Announcing the Market Leaders

Providers of people analytics platforms play a vital role in helping enterprise leaders, human resource professionals, and line managers make decisions using data-based insights. People analytics platforms aggregate data from various people and business data sources, process it, and provide actionable insights for strategic and operational decisions. The tools are applied in use cases such as turnover; recruitment; compensation; Learning and Development (L&D); workforce planning; employee engagement; performance management; organizational design; and Diversity, Equity, and Inclusion (DE&I).

In “People Analytics Platforms PEAK Matrix® Assessment 2024”, Everest Group explores the market impact, vision and capability of 18 technology providers and identifies the following Leaders, Major Contenders, and Aspirants (listed in alphabetical order within each category):

  • Leaders: Crunchr, Dayforce, One Model, SplashBI, Visier, and Workday. Visier leads the people analytics platform market with the highest market share.
  • Major Contenders: eqtble, HCMI, HiBob, isolved, Nakisa, Orgnostic, Sapience Analytics, Vemo Workforce, and Zeroedin
  • Aspirants: Gemini People Analytics, Panalyt, and Praisidio

As this is the first PEAK Matrix® assessment that Everest Group has published for this sector, no Star Performers were named. (Star Performers are determined by movement on the PEAK Matrix® from one year to another)

The report includes a profile on each technology provider, including an assessment of each providers’ key strengths and limitations. The assessment also takes into account each firm’s vision and roadmap, breadth and depth of product functionalities, innovations, partnerships, market performance, client reviews, perspectives of system integrators and more.

***Download Complimentary PEAK Matrix® Preview Here***

“With advancements in technology it is easier than ever before for organizations to capture data from people and business data sources and use analytics as a crucial lever in their human resource decision-making process,” said Sharath Hari N, vice president at Everest Group. “The leaders in the people analytics platforms market have a strong vision and capability to act as a single source of truth for all workforce-related decisions. They also have strong partnership ecosystems, are leveraging technologies such as artificial intelligence and machine learning, and serve multiple use cases across the employee hire-to-retire cycle. We congratulate these providers for being at the forefront of their industry.”

 

About the PEAK Matrix®

The Everest Group PEAK Matrix® is a proprietary framework for assessing the relative market success and overall capability of technology providers based on Performance, Experiences, Ability, and Knowledge. Each technology provider is comparatively assessed on two dimensions: market success and delivery capabilities. The resulting matrix categorizes technology providers as Leaders, Major Contenders, and Aspirants. Companies that demonstrate strong upward movement in successive reports are recognized as Star Performers.

 

About Everest Group

Everest Group is a leading research firm helping business leaders make confident decisions. We guide clients through today’s market challenges and strengthen their strategies by applying contextualized problem-solving to their unique situations. This drives maximized operational and financial performance and transformative experiences. Our deep expertise and tenacious research focused on technology, business processes, and engineering through the lenses of talent, sustainability, and sourcing delivers precise and action-oriented guidance. Find further details and in-depth content at www.everestgrp.com.

Everest Group’s PEAK Matrix® Awards Recognize the Top Engineering Service Providers for 2023 | Blog

Engineering service providers who demonstrated critical capabilities to enterprises over the past year are now being recognized for their leadership with the 2023 PEAK Matrix Service Provider of the Year™ awards in engineering services (ES). Read on to find out who’s providing the top engineering services based on Everest Group research.   

Activity in the Engineering R&D (ER&D) sector remained largely resilient during 2022, with service providers witnessing significant growth across themes such as platformization, digital engineering, and Industry 4.0. Amid this landscape, a few engineering service providers distinguished themselves by showcasing significant capabilities and market impact across all these leading investment themes.

We have identified the top 15 ES service providers and five leading ES challengers for the 2023 PEAK Matrix Service Provider of the Year awards in engineering services.

See the Top Engineering Service Providers

State of the ER&D industry

ER&D spending and outsourcing remained resilient in 2022, though there was some growth deacceleration as compared with 2021 on account of uncertainty around the Ukraine-Russia conflict, talent shortages and rising wage inflation, and bleak global economic forecast.

Enterprises remained committed to enhancing their products, services, and processes on the back of digital technologies. Service providers, by means of their scaled talent availability, domain know-how, and IP investments, supported these enterprises in realizing faster time-to-market and cost efficiencies for their engineering initiatives.

Methodology

The PEAK Matrix Provider of the Year awards helps enterprises identify leading service providers who have demonstrated strong capabilities and market success across multiple engineering domains.

This year’s results are based on assessments from five PEAK Matrix® reports published by Everest Group in the calendar year of 2022 that looked at the following key themes influencing ER&D over that period:

  • Industry 4.0 services
  • Software products engineering
  • Digital products engineering
  • Digital twins
  • Connected medical devices

The Engineering Services PEAK Matrix Provider of the Year awards were determined by consolidating tiered scores for Leader, Major Contender, Aspirant, and Star Performer positions across each of the individual evaluations mentioned above. The two award categories are:

  • ES Top 15: Engineering service providers with the highest consolidated scores based on the evaluation
  • ES Top 5 Challengers: The next five top engineering services providers who are credible partners for enterprises and are positioning themselves as rivals to leading players

To learn more about the 2023 engineering service providers of the year, reach out to analysts Ankur Jain, [email protected], Mayank Maria, [email protected], or Akshat Vaid, [email protected].

See the Top Engineering Service Providers

Cloud Services PEAK Matrix® Assessment 2023 – North America

Cloud Services PEAK Matrix® Assessment – North America

In the continuously maturing cloud adoption landscape, enterprises are leveraging cloud services to increase operational efficiency, enable business innovation, and accelerate organizational growth. As economic headwinds challenge organizations, they are strategically evaluating their cloud modernization investments while intensifying their focus on optimizing cloud operations. Adopting hybrid and multicloud strategies allows them to enhance reliability and utilize the best-of-the-breed offerings across cloud providers. Furthermore, moving more data and applications to the cloud has made security and regulatory compliance a primary focus area. Industry-specific cloud offerings are helping enterprises address unique business needs. They are also benefiting from AI-backed cloud solutions that empower them to gain actionable insights from their data. A growing emphasis on cloud sustainability reflects their commitment to environmentally responsible practices.

As far as the North American market is concerned, the demand for enterprise cloud adoption is shifting from a focus on cost and efficiency to driving business-focused growth and experience. Enterprises are actively seeking Service Providers (SPs) capable of delivering value through business-aligned strategies and best-of-the-breed solutions and accelerators. At the same time, SPs are focusing on strengthening their horizontal- and vertical-focused partnerships with technology and platform providers to aid enterprises in their cloud adoption engagements.

CSPEAK2023

What is in this PEAK Matrix® Report

In this report, we assess 32 cloud SPs featured on Cloud Services PEAK Matrix® Assessment 2023 – North America and categorize them as Leaders, Major Contenders, and Aspirants based on their capabilities and offerings.

In this report, we:

  • Examine the market impact and vision and capability of 32 SPs focused on cloud services
  • Study providers’ key strengths and limitations
  • Evaluate enterprise sourcing considerations

Scope:

  • All industries
  • Geography: North America
  • The assessment is based on Everest Group’s annual RFI process for the calendar year 2023, interactions with leading cloud SPs, client reference checks, and an ongoing analysis of the cloud services market

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What is the PEAK Matrix®?

The PEAK Matrix® provides an objective, data-driven assessment of service and technology providers based on their overall capability and market impact across different global services markets, classifying them into three categories: Leaders, Major Contenders, and Aspirants.

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US Contingent Talent and Strategic Solutions PEAK Matrix® Assessment 2023

US Contingent Talent and Strategic Solutions PEAK Matrix® Assessment

After the COVID-19 pandemic, the demand for contingent talent surged, leading to continued growth in the US contingent talent and strategic solutions industry throughout 2022. The scarcity of skilled workers drove this growth, as enterprises faced ongoing challenges in acquiring talent due to both a skills shortage and voluntary employee turnover. Despite concerns about an impending recession, the talent supply and demand imbalance persisted, resulting in a prolonged talent shortage in the US. This situation created an opportunity for providers of contingent talent and strategic solutions to address the talent gap by investing in various areas, including technology-driven solutions, managed services, learning and upskilling programs, and fostering DEI.

US IT Contingent

US Engineering US Business and Professionals US Industrial

What is in this PEAK Matrix® Report

This report analyzes the intricate dynamics of the US contingent talent and strategic solutions provider landscape and its impact on the overall US contingent talent and strategic solutions market in 2022. It specifically focuses on IT staffing, engineering staffing, business and professionals staffing, and industrial staffing. The report provides a comprehensive overview of the market and examines how providers differentiate themselves using the extensive Everest Group PEAK Matrix® as a benchmark for analysis.

The report analyzes the performance of various contingent talent and strategic solutions providers and offers:

  • The US contingent talent and strategic solutions provider landscape
  • The US Contingent Staffing Provider PEAK Matrix® Assessment:
    • Classification of 28 US IT contingent talent and strategic solutions providers into Leaders, Major Contenders, and Aspirants on Everest Group’s proprietary PEAK Matrix® framework
    • Classification of 22 US engineering contingent talent and strategic solutions providers into Leaders, Major Contenders, and Aspirants on Everest Group’s proprietary PEAK Matrix® framework
    • Classification of 23 US business and professionals contingent talent and strategic solutions providers into Leaders, Major Contenders, and Aspirants on Everest Group’s proprietary PEAK Matrix® framework
    • Classification of 21 US industrial contingent talent and strategic solutions providers into Leaders, Major Contenders, and Aspirants on Everest Group’s proprietary PEAK Matrix® framework
  • Everest Group’s analysis of providers:
    • US contingent talent and strategic solutions providers’ capability assessment on seven dimensions: market adoption, portfolio mix, value delivered, scope of services offered, innovation and investments, delivery footprints, and vision and strategy
    • Remarks on key strengths and limitations of each contingent talent and strategic solutions provider

Scope:

  • Industry: contingent talent and strategic solutions
  • Geography: US
  • Skills coverage: IT, engineering, business and professionals, and industrial

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What is the PEAK Matrix®?

The PEAK Matrix® provides an objective, data-driven assessment of service and technology providers based on their overall capability and market impact across different global services markets, classifying them into three categories: Leaders, Major Contenders, and Aspirants.

LEARN MORE ABOUT Top Service Providers

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