The Death of Business Intelligence

BI 2014: Who will be the big players in the new year?

Posted in Business, Business Intelligence, IT by neilwilson1984 on February 3, 2014

In 2013, companies in the BI sector enjoyed a mixed bag of fortunes, with growth being spread across a number of different sizes of firms, but mostly being focussed on the smaller ones which could afford to offer the bespoke sorts of solutions that companies are looking for.

What companies will do well?

In 2014, the buzzword will be for usable BI solutions, and this is shown in the predictions for the company that will be the biggest winner in 2014, according to Information Week.

It said that Tableau, which creates data-visualization software that has a reputation for being easy to use will see a large level of growth in 2014. Six per cent of companies are expecting to use it next year.

On the other hand, companies like Actuate, IBM Cognos, and MicroStrategy, which provide more traditional BI, are expected to experience falls.

BI overview 2014

The sector as a whole will do well in 2014. This might seem like a bold prediction, but there is some firm grounding behind the belief that 2014 can be a good year for the business intelligence sector.

Businesses in general will be looking to grow all across the world as economic uncertainty starts to become a thing of the past, and more and more firms are able to grow.

In the UK, for example, economic growth experienced in 2013, which amounted to 1.4 per cent, is set to be built on. It is predicted that 2014 will see the UK experiencing a level of growth of around 2.4 per cent.

What this will mean is that companies will attempt to grow. To do this, they will need to be able to make important business decisions, and this is something they will need BI for. Even in a growing economy, it is vital to be ahead of the competition, and this will leave those working in business intelligence, as well as their products, in high demand.

Business plans

So looking forward, what should companies in the BI sector be looking to do to make sure that they enjoy a strong 2014?

The answers are quite straightforward actually. It is all about providing something that companies not only need, but what they specifically ask for. Bespoke solutions will be more important than ever in 2014, with businesses looking for things that relate specifically to them and the industry that they are operating in.

In addition to this, it will be about giving power back to firms themselves. Companies will want to use certain aspects of BI, but many will not invest if they feel they are being coerced into taking ownership of a whole strategy, instead preferring to just pick and choose certain elements.

It will be those firms who realise this and allow it to happen that will flourish throughout the year. Self service BI has already become a highly-demanded solution among those in business, and the companies that can provide a “create your own” BI software will be those that do best.

Finally, the age of the non-IT BI specialist is about to descend. Decision makers want to have a hand in BI now more than ever, so companies that provide them with a user friendly option for those without the technical nous will be the ones that perform best.

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One Response

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  1. achodkowski said, on February 7, 2014 at 7:46 am

    There is no single word about Microsoft situation – they are one of the biggest players in BI market… SQL Server 2014 has been anounced so i think it’s relevant topic…

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