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August 12, 2006
Trends in BI Market
These are the recent trends observed in the BI market.
1) BI is increasingly gaining more popularity because organizations that are the most successful at collecting, evaluating and applying information are consistently the leaders in their respective industries. The ability to act faster and more effectively than the competition can be the defining advantage in today's marketplace. As a result, BI software has become a multi-billion dollar market.
2) Major trends in BI implementation involve front-end tools and back-end infrastructure, as well as the transformation of business processes.
3) Most of the leading BI vendors have been buying technologies to broaden their functional capacities. e.g. Business Objects acquires Firstlogic in April 2006 to offer the best-of-breed data quality solutions.
4) BI vendors, once limited to query, reporting, and analysis, are increasingly adding performance management analytics on top of their core platforms.
BI market is becoming increasingly more attractive and diversifying.
source: Consulting Times
Posted by William Cho at 2:45 PM | Comments (0)
