Cognyte Named Leader in Digital Intelligence Solutions by Frost & Sullivan
Security organizations are in a perpetual race to keep up with evolving digital technologies and the rise of big data. Technology continues to provide criminals with sophisticated tools to commit crimes and evade law enforcement. At the same time, the increased volume, variety, and complexity of data has made it difficult for organizations to generate timely insights and to obtain a cohesive investigation picture.
To overcome these challenges, government and law enforcement organizations are now transitioning from disconnected and outdated analytics solutions to digital intelligence solutions, often called investigative analytics solutions. Digital intelligence solutions enable a holistic approach to security across cyber and physical domains.
Digital intelligence solutions fuse and analyze diverse data from siloed sources to:
- Accelerate investigations
- Provide real-time insight to operational teams in the field
- Boost detection and mitigation of threats to cybersecurity, physical safety and business continuity
Picking the right solution is key. However, this can be challenging, as technologies, especially machine learning and AI, are evolving rapidly. To help security organizations, and especially their IT staffs, select the right solutions, the research team at global analyst firm Frost & Sullivan has released their first ever Frost Radar™ report for the digital intelligence solutions domain.
According to the Frost Radar™, security organizations spent $12.4 billion on these solutions in 2020, and spending is expected to reach $27.8 billion by 2030.
The report outlines key trends, vital solution capabilities, and identifies top vendors. Cognyte is honored to have been named as a leading vendor in the report.
Read on to learn more about digital intelligence and what it means for security organizations and investigations.
What is digital intelligence?
Digital intelligence solutions feature advanced analytics technologies and open integration to seamlessly collect, fuse and analyze data from multiple sources and data types in a single-pane-of-glass solution. Digital intelligence solutions differ from generic analytics tools and platforms because they are designed specifically for the investigative workflows and data analysis needs of security organizations.
Digital intelligence solutions serve a variety of users, including investigators, analysts, field operatives, cyber SOC analysts and situational awareness teams.
“Volumes and types of data are growing exponentially, while organizational silos are making it harder for analysts to connect the dots and derive actionable intelligence. Digital intelligence has evolved beyond analyzing relatively small and homogenous data sets to the requirement to review a wide variety of data sets, including intelligence gathered from multiple devices and sensors, and integration with open source and internal databases. The multitude of data types, systems, and solutions that are providing this information requires a new approach to real-time security investigations.”
– Danielle VanZandt, Industry Analyst at Frost and Sullivan
How do digital intelligence solutions accelerate investigations?
The exponential growth of data, combined with the fact that organizations must access numerous siloed and fragmented data stores, has made manual data analysis infeasible. Digital intelligence solutions enable investigators to accelerate investigations by:
- Presenting a cohesive investigation picture by fusing dozens or even hundreds of data sources, such as government databases, police reports, media files, LPR logs, social media posts and more.
- Leveraging advanced analytics to detect hidden patterns and anomalies, predict events, and generate actionable leads
- Streamlining the investigation process with visual dashboards, automated alerts, reporting capabilities, and collaboration tools
Digital intelligence solutions are versatile and can accelerate investigations for organizations with a wide variety of mandates, including law enforcement, intelligence, national security, critical infrastructure and cybersecurity, and a broad range of investigation domains, including serious and organized crime, terror, cybercrime, trafficking, border security and more.
Cognyte named a leader in digital intelligence solutions
Frost & Sullivan analyzed hundreds of companies in the digital intelligence solutions space, benchmarking them across 10 criteria, to position the leading companies in the Frost Radar ™ based on innovation, breadth of product portfolio, vision and strategy, and customer alignment. Cognyte was named as a leader.
Here are some of the reasons why Frost & Sullivan thought we stood out:
Comprehensive portfolio: Cognyte offers multiple digital intelligence solutions to fit specific security teams’ goals, including:
- Situational Intelligence Solutions for physical and logical security needs
- Cyber Solutions that integrate cybersecurity intelligence into an organization’s existing SOC
- Operational Investigative Analytics to provide field and command center operators with real-time actionable insights for their operations and enable quick resolution of time-critical investigations
Scalable solutions: Cognyte’s portfolio of investigative and security intelligence solutions provides customers with the option to add new data sources and capabilities as needed.
Ground-breaking innovation: Cognyte is committed to providing the most advanced solutions to its customers by continuously reinvesting in R&D to enable faster analysis, improved alerting and communication, and more automated remediation activities to relieve the operator burden.
Automation & prediction: Cognyte differentiated itself through its ability to automate big data fusion and to use contextual analysis and predictive capabilities to better connect the dots, identify suspicious indicators, and alert operators to potential threats before they reach critical escalation points.
Best practices: At Cognyte, we’ve leveraged our extensive experience in investigation methodologies to develop digital intelligence solutions designed with best practices in mind.
To read more about what Frost & Sullivan had to say about the Digital Intelligence Solutions domain and Cognyte’s role as a leader, read the report.