(Humor) The Rosetta Stone of IT Industry Analysts

(Humor) The Rosetta Stone of IT Industry Analysts

Summary: (Humor) Ever wonder what sort of people are industry analysts? Brian breaks down the different kinds of analysts as a favor to the numerous vendors worldwide who must endure their questions and quirks.

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TOPICS: Tech Industry
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I recently attended the Kenexa Analyst Day in Dallas (that report will appear tomorrow). Also in attendance was fellow industry watcher John Sumser of HRExaminer. When I read John's write-up of the event, his remarks on the following got my attention:

"You should understand these Analyst confabs. Held in an interesting hotel, they are day long gabfests where the conversation is led by key executives. The analysts get an opportunity to hear the company's story; the company gets an opportunity to tell it. In a perfect world, the company would know each analyst well enough to deliver the appropriate slice of the picture. In the real world, companies use these get togethers as a test ground for their market pitches.

The analysts are a somewhat harsh audience, so new spin gets a good going over."

John's sentence that in a perfect world, vendors would know analysts well got me to thinking. What do vendors really know about us? So, here's my analyst report on analysts. (FYI- I do lots of market segmentation work for high tech clients).  Remember, analysts are not all alike or even plug-compatible. Each one is their own piece of work - a piece that can get really bent out of shape when they miss flights, lose luggage, can't get their cell phone to work, get stood up, are asked to sign a 10-year NDA, are hung-over, are suffering fools, don't get their nicotine breaks or all of the above.

Here are the different kinds of analysts out there and what motivates each. (Note to colleagues: I hope I didn't break any kind of analyst code disclosing this!).

The World of Analysts (copy 2011 TechVentive, Inc.)
The World of Analysts (copyright 2011 TechVentive, Inc.)
In alphabetic order:

Assassin - This analyst has never met a vendor they liked, ever. They don't have much sympathy for vendor executives or the market, financial, product, etc.  challenges before them.  The Assassin takes pride in having never written a positive piece, ever.

Brand Builder/Destroyer - This analyst builds their personal brand up by destroying the brand of the vendor. They usually write tough pieces although these pieces don't have to be right or new. They just have to get ink for the analyst.

Curmudgeon - You could build an app that solved world hunger and the Curmudgeon would still find something to nitpick about. The Curmudgeon is not an Assassin as they are just always in a bad mood. This analyst can give praise but it often comes with some begrudging acceptance.

Egoist - Most analysts are really good but some see themselves in an especially rarified light. These über-analysts make demands on vendors that make riders in rock star contracts look tame. These folks only stay at the 5+star hotels (if they even exist), always get the vendor to provide them a limo to/from the airport, fly them first class, etc.  I guess all the rest of us working-stiff analysts should be happy that we sometimes get to periodically co-exist in the ego-centric world of these most special people. (Yeah, right!)

Fish out of water - This is someone who has hung out an analyst shingle but never did technology implementations. They might bluff well but their lack of experience eventually shines through. As analysts go, they're usually short-lived and their inexperience is quickly apparent.

Frustrated Politician - Some analysts really want to change the world. To that end, they mix technology and their far-right or far-left politics into their writings. If you're not on their page politically, your technology may not be on their top picks list.

Newbie - This analyst usually says nothing the whole day although some mistakenly chirp up and get eviscerated by other analysts - That's never a pretty sight. They can go from newbie to roadkill in a single bad question.

Note Taker - A note taker just states or re-states what the vendor says. They add little or no other insight. Generally, they are not very helpful for most readers but can be a darling of many vendors, especially those that want to control the message in the market.

Purist/Theoretician/Professor - This analyst can debate the arcane, immaterial and theoretical to death. They have a deeply rooted opinion about a subject and are waiting for a chance to tangle with some vendor executive to see whose command of the subject reigns supreme.

Rifleman - To be honest, this is a role I relish but others are very good at this, too. This is the analyst that finds the shortest distance between hype and reality (or non-news and wishful posturing).  These folks call bulls**t every time it tries to rear its ugly head. This is the analyst that keeps vendors honest. When they draw first blood, then the other analysts pounce. When that many analysts pounce, it's like a National Geographic episode on piranha attacks  (i.e., not for the faint of heart).

Ryan Seacrest (with apologies to the real Ryan Seacrest) - This analyst is always positive to the star vendors in the industry. This analyst type is always full of fawning, gushy ‘reporting'. They speak of vendor news items (e.g., the new tax table update in version 10.5.3.A41.6 of an old fixed assets application) with all the ‘exclusive' hype usually accorded a Kardashian engagement rumor.

Salesperson - Somehow, this ‘analyst' always manages to mention that they have a template, framework, project, white paper, etc. that the vendor can license. I've heard some of these pitches enough times to sell the solution myself.

Same Question Every Year - This analyst has 1-3 questions and asks them at every vendor confab. They ask these same questions year in/out. They are an old fashioned vinyl LP that has a scratch on it that makes it repeat the same groove indefinitely.

SBD (silent by deadly) - There are actually lots of these analysts. These analysts sit through entire days of briefings without uttering a word. Then, when they're headed to the airport they post an atom bomb of a report.

Snark - The Snark sends out a few Tweets per event but each one is a tongue-in-cheek jewel (e.g., "What's the difference between Vendor XYZ and a bowl of yogurt? Only one of these has a good culture!") . These are the analysts whose short pithy stuff everyone loves to read. They're entertaining but may not deliver the longer, in-depth reviews.

Still beat your wife? - This analyst spends hours perfecting the most impossible questions for vendor executives to answer without coming off badly. These are the questions the vendor's PR team has tried to prepare executives for and hopefully, they won't take the bait.

Unmovable Object - This analyst has an opinion that no amount of facts will convince otherwise. He/She takes stubborn to all new levels. They steadfastly maintain their viewpoint no matter how many others have already weighed in on the inaccuracy of it.

Volumizer - This analyst sends 60-300 tweets per briefing along with 4-6 blog posts per hour.  I'm never sure what they actually capture during the event but analysts like me often find our questions/comments in their content. Personally, I like that they help promote my brand.

Now, before my peers castigate me for doing this, remember that I believe many of you fall into several of these categories (often in the same day!).  Also, I am pretty confident that I missed some important categories. So, let's make sure that the focus of any feedback on this post is only to address the omissions.

In fact, I'm sure I'll hear that:

-          "You're wrong" (from a Curmudgeon)

-          "You weren't talking about ME!" (from an Egoist)

-          "Your assessment was wrong Brian in three distinct areas..." (from a Rifleman)

-          "Yes but Brian, you would have already known this if you had licensed my industry leading best practice guide to analysts" (from a Salesperson)

-          "Who are the analysts that Brian's referring to?" (from a Newbie)

-          Etc.

But vendors - It's you I want to hear from. Am I even close? Did I forget any category?

Topic: Tech Industry

About

Brian is currently CEO of TechVentive, a strategy consultancy serving technology providers and other firms. He is also a research analyst with Vital Analysis.

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12 comments
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  • +100500

    Though, you have certainly missed outright "Dumb" category.<br><br>I listen to top companies executives' quarter result meetings with analysts, and some of them routinely ask incredibly short-sighted, ignorant and/or purely stupid questions. <br><br>Since none of them are newbies, how should we call them?
    dderss
  • RE: (Humor) The Rosetta Stone of IT Industry Analysts

    Brian, This is truly hysterical, and I know these people. Thank G-d I'm just a consultant with no analyst aspirations. But now I know that one of the big reasons why I try to attend analyst days, aside from the actual learning, is to see these characters in action. My personal favorite for immediate termination is the note taker, of whom we have some prize examples in my space. Happy Thanksgiving, Naomi
    naomibloom@...
  • RE: (Humor) The Rosetta Stone of IT Industry Analysts

    Oh dear, these profiles are all-too-real, and nearly none of them are positive (except maybe your Rifleman). Maybe we should form a self-help group.
    fscavo
  • RE: (Humor) The Rosetta Stone of IT Industry Analysts

    very good
    loicR
  • RE: (Humor) The Rosetta Stone of IT Industry Analysts

    Sorry for the typo: "wined" rather than "whined". The system wouldn't let me go back and edit the wrong spelling
    Ahmed Limam
  • RE: (Humor) The Rosetta Stone of IT Industry Analysts

    Seriously good dissection! A sore jaw fm laughing so hard! A recruiting matrix as well!
    Simone Jo Moore
  • RE: (Humor) The Rosetta Stone of IT Industry Analysts

    Holy crap Brian -you've got me to a 'T' - (goes to burnish image in self-congratulation...grab a beer and nip outside for a ciggie!! - Oh yes...the freakin' hotel just ripped me ANOTHER $15 for wifi.)
    dahowlett
  • RE: (Humor) The Rosetta Stone of IT Industry Analysts

    Brian:

    As an industry analyst and Chicagoan by birth---I thoroughly enjoyed your wit-filled assessment and totally agree that analysts who have hung out an analyst shingle but have never done technology implementations are bluffing and probably not very valuable to either clients or vendors.

    Thanks for keeping it real,

    Leslie Ament
    Hypatia Research
    Hypatia_18
  • Really Funny

    Brian... we sat together at dinner the night before this meeting. I am not sure what type of analyst I am (wolf in sheep's clothing?). One thing I do know, it that you and the folks at our table made me laugh harder than any other analyst meeting I have been at recently!

    Did you hear the one about when Brian was a kid and blew up the ....

    Kevin Dobbs
    Montclair Advisors, LLC
    kxdobbs
  • RE: (Humor) The Rosetta Stone of IT Industry Analysts

    Sharp, succinct, and wildly entertaining!
    JCorke
  • RE: (Humor) The Rosetta Stone of IT Industry Analysts

    Very amusing, because its true (although a good analyst should be able to categorize anything into just 4 categories, rather than 10). I'd add:
    * The Sycophant - hopes to get business from the vendor by asking questions like "would you agree that your new strategy is really game changing?"
    * The Unread Dwarf - aspires to be a Star Analyst, trying to attract traffic to his/ her unreadable blog by retweeting Egoist/ Volumizer's every word.
    Duncan Jones
  • RE: (Humor) The Rosetta Stone of IT Industry Analysts

    My thanks to everyone who commented - makes me want to write another satire piece

    Brian Sommer
    brians7364