Business intelligence market set to mature in 2014

Thursday 16 January 2014

Business intelligence (BI) solutions are set to mature over the coming year, giving companies more assistance with decision making.

This is the view of Prakash Nanduri, co-founder and chief executive at Paxata, who believes 2014 could be a big year for the BI market.

"BI isn’t new, of course, but it has advanced considerably in the last five years," he told Forbes in a guest editorial.

"2014 will be a tipping point when the enterprise makes sense of those advances and puts them to their best use."

Mr Nanduri claimed that "the dust is finally beginning to clear" from the big data explosion, meaning business requirements - rather than technology - will be the focus of the BI ecosphere.

"This will enable enterprises to achieve results with data mining and analytics and to prove those results," he stated.

"All the BI vendors will sit in the hot seat, forced to explain what they actually do to solve customer problems."

Some will be unable to do so - and this may lead to BI vendors opting to leave the market.

Mr Nanduri predicted that 2014 will be "the start of a landslide" as the BI market contracts, with some providers conceding they cannot triumph with incremental improvements.

There will be some consolidation as successful BI companies "cherry pick" the best ideas and technology solutions, he added.

Find out how Microsoft business intelligence solutions can help your business in 2014.

Posted by Steve Williams