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Business Intelligence Market All Set to Evolve

By SiliconIndia   |   Wednesday, 23 May 2012, 05:21 Hrs
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Bangalore: The BI market seems ready to undergo a change. Companies will have to address the new trends that will be introduced by the changes in the Business Intelligence market. Cloud-based business intelligence will be a hot topic this year as many decision-makers are still wary of the technology and its benefits, according to a CIO report.

Some of the challenges which arise during implementation with cloud business intelligence are data quality, security and logistical issues. When the information is moved to the hosted environments, organizations can access a number of on-demand management and data quality tools to help them make use of mission-critical records as required, the news source said.

The importance of analytics will also increase in the year 2012 as mobile and cloud-based BI adoptions grow. Organizations can differentiate themselves from competitors, run smoothly and utilize information acquired from customers to improve revenue by using analytic tools, reported CIO.

A recent study conducted by Gartner showed that the global business intelligence, analytic application and performance management software market had generated more than $12 billion in revenue in 2011. This trend will continue through 2012 because chief information officers have cited these technologies as their top priority.

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