Monday 23 April 2012
Companies are seeking greater agility and relevance from business intelligence (BI) vendors, it has been claimed.
According to analyst firm Ovum, enterprises are challenged by a phenomenal increase in the volume of business data and ever-shortening timeframes in which to process and analyse it.
The company said that budgetary pressures and resource constraints mean that IT departments cannot keep up with the flood of BI change requests.
In addition, organisations are coming under increasing regulatory scrutiny, which "shines a bright spotlight on data governance".
"To keep delivering even the same level of insights as a decade ago, BI vendors and their solutions need to be more agile and adaptive than ever," Surya Mukherjee, senior analyst at Ovum, stated.
"Agility must go beyond simply making existing BI infrastructures run faster. It must also encompass elements of self-service, mobility and collaboration."
Ovum said that, given that the core BI market is fairly consolidated, the major vendors now offer a mature portfolio of products, with most claiming to possess similar core BI functionality.
Earlier this month, Gartner reported that global BI platform, analytic applications and performance management software revenue reached $12.2 billion (£7.6 billion) in 2011.
Posted by Alex Boardman