The Death of Business Intelligence

Big data drives software spending

Posted in Analytics, Business, Business Intelligence, IT by neilwilson1984 on December 4, 2013

Companies are devoting more resources to business intelligence, upping their investment in big data and analytics.

According to latest figures from International Data Corporation (IDC), year-over-year growth in the worldwide software market for 2013 has been revised down to 4.3 per cent.

However, spending on BI solutions will hold up over the coming years, the firm’s Worldwide Semiannual Software Tracker indicates.

Collaborative applications along with structured data management software and data access, analysis and delivery solutions are expected to show the strongest growth over the five-year forecast period. The sector will grow by eight per cent between 2012-2017 as companies up their invest in this key part of their operations.

“Leveraging the social dimensions of the Internet keeps fueling the collaboration growth, much of which is in the form of software as a service. This is complementary to the increased attention to big data and analytics solutions, which help enterprises to understand and act on anticipated customer behaviorand provide new insights into product reliability and maintenance,” said Henry Morris, senior vice president for Worldwide Software, Services, and Executive Advisory Research.

Enterprise applications such as CRM, ERM, SCM, and operations and manufacturing applications will grow by around six per cent.

“Enterprises are starting to implement applications that either didn’t exist or weren’t needed in the past, such as commerce applications in all industries, not just retail, but also manufacturing, hospitality, food and beverage, and even the public sector,” said Christine Dover, research director, Enterprise Applications and Digital Commerce.

The report also shows IDC is beginning to see applications in categories that didn’t exist in the past, such as subscription billing, spend optimization, and revenue management. Often these are used for requirements that may have previously been met using custom applications or manual processes, explained Ms Dover.

The findings come after a separate study found that BI and analytics software professionals overwhelmingly prefer a cloud-based BI solution over conventional, on-premise installed software for gaining access to the real-time business data they need to make better decisions, according to a new report.

Cloud BI user satisfaction tops 80 per cent, said the report from Dimensional Research.

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