The Death of Business Intelligence

Improving BI analysis among the top company priorities

Posted in Business Intelligence by TheLondonEconomic on September 2, 2013

Business Intelligence software has been becoming more and more popular in recent times thanks to the fact that it can aid in decision-making processes and help target choices to improve results in the long run.

A new study has shown that the positives that can be gained from the use of BI technology and analytics have made these two of the top tech priorities that can be seen around the globe, with even governmental chief information officers saying that this analysis is something they will be looking to target in the months ahead.

According to the findings from Gartner, which surveyed 398 chief information officers from around the world, the top two priorities moving forward are business intelligence and analytics and legacy modernisation.

“When faced with unsustainable business models, government executives are more willing to make targeted technology investments and undergo the extensive organisational change necessary to achieve the productivity and quality gains made possible by IT,” Gartner research director Rick Howard said.

In order to meet this demand then, it is important that BI providers, businesses and governments work in tandem to make sure that everyone is best served, with many firms making use of BI likely to want flexible contracts that do not tie them into using a certain technology.

For example, if it is the case that there are older technologies that do the same things as newer versions, BI providers may want to look at ways they can keep costs down, and this can include continuing to run the older methods.

However, clients will often want to move on to newer technologies and as a result they will be loathe to sign up to contracts that lock them into the use of one kind of software for a set period of time.

An example of this has been seen in recent times with the arrival of cloud technologies for BI software, which has made the analytical tools far more mobile and accessible, something that companies will want to be able to make use of moving forward.

However, this is something that companies and clients need to be able to work on as a two-way street. It will be preferable to clients to have a flexible contract, but they will need to be able to prove to the suppliers that they can  offer them something in return, according to one expert.

IT contracts expert Iain Monaghan of Pinsent Masons, said: “Buyers need to balance the cost they are prepared to pay for IT with the benefits that new technology can deliver. Suppliers are less resistant to renegotiating existing contracts if buyers can show that there is a reason for change and that the change offers a new business opportunity to the supplier. This is why constant engagement with suppliers is important. The contract is meant to embody a relationship with the supplier.”