You suddenly can’t move for IT industry experts stating than 2011 will a key year for business intelligence.
Business intelligence has been an important theme in IT for years. Over the last year-or-so, however, increased attention has been focused on the benefits of analytics. And that focus is likely to be become more concentrated through 2011 and beyond.
The reasons are simple enough: organisations are now under more pressure than ever before to show how business results are affected by changes in supply and demand. In the increasingly competitive and global post-downturn economy, the organisations that perform best will be those that understand the needs of their customers and which respond in a timely and cost-effective fashion.
Step forward business intelligence, which Gartner predicts will undergo a continued evolution during the next few years. The analyst has identified a series of key predictions:
- By 2013, 33% of business intelligence functionality will be consumed via handheld devices
- By 2014, 30% of analytic applications will use in-memory functions to add scale and computational speed
- By 2014, 30% of analytic applications will use proactive, predictive and forecasting capabilities
- By 2014, 40% of spending on business analytics will go to system integrators, not software vendors
- By 2013, 15% of BI deployments will combine BI, collaboration and social software into decision-making environments
In short, then, business intelligence is going mobile, with users demanding access to corporate data on the move. This transformation will rely on faster data processing, which will be discussed on social platforms in an approach increasingly controlled by systems integrators.
What do you think, does this sound familiar to your business? Are organisations continuing to prioritise business intelligence – and will corporate IT be able to cope with a new wave of faster, social and mobile analytics?