subject: Business intelligence and analytics fundamentals Market Research Report [print this page]

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Business intelligence (BI) and analytic technologies are seeing rapid growth in today's tight economy, driven by fierce competitive pressures. Also fueling growth is the technologies' ability to improve decision-making, identify new business opportunities, maximize cost savings, and detect inefficient business processes.

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Table Of Contents :

SUMMARY

Impact

Ovum view

Key messages

Definition

BUSINESS IMPACT

Overview

Rationalizing and reducing operational costs

Improving the customer management process

Maximizing operational agility

Enhancing business performance alignment across the enterprise

Avoiding unnecessary risk exposure and ensuring adherence to regulatory compliance

SELECTION CRITERIA

BI strategy comes before technology selection

A range of factors impact the BI suite selection decision

What type of analysis is required?

What number and type of users need supporting?

How should BI be deployed?

What data storage, integration, and latency requirements are needed?

What level of integration with existing IT infrastructure is needed?

Ovum's BI suite evaluation framework

Components of a BI suite

Data management and data integration service

Analysis service

Application service

Information access and presentation services

SOLUTION MATURITY

A consolidating market landscape

Open source BI is seeing real traction

The SaaS BI market is small but growing

Appliance form factor momentum continues

Consultants and systems integrators have an important role to play

DEPLOYMENT AND MANAGEMENT CONSIDERATIONS

BI projects can be high risk, but also high reward

Common barriers and pitfalls

Running a BI initiative best practice

Building a business case

Securing executive sponsorship

Ensuring closer alignment of IT and business

Deliver quickly, but keep the big picture in mind

Train users effectively

RECOMMENDATIONS

Recommendations for enterprises

Look towards EPM for greater organizational alignment

Analytics brings a higher yield of analysis

Consider the implications of moving to operational BI

Get the data foundation right

A business intelligence competency center can lower TCO

Consider alternative deployment models

Recommendations for suppliers

Increase user interface usability efforts

Continue on the path of integration and interoperability

Verticalize BI product offerings

Consider alternative pricing and licensing models

APPENDIX

Glossary

ASK THE ANALYST

Contact information

Further reading

Methodology

List of Tables

Table 1: Business questions satisfied by each type of analysis tool

Table 2: User types for which a BI suite should provide support

Table 3: Strategic versus operational BI

List of Figures

Figure 1: Questions to ask when establishing BI suite requirements

Figure 2: Evaluation dimensions for assessing the support level against key requirements

Figure 3: The functional layers of a BI suite

Figure 4: BI license, maintenance, and service revenues 20102014

To know more about this report & to buy a copy please visit :

http://www.visionshopsters.com/product/7459/Business-intelligence-and-analytics-fundamentals.html

Contact us:

Visionshopsters

Ph : 91-22-40583020

Email: marketing@visionshopsters.com

Website : www.visionshopsters.com

Business intelligence and analytics fundamentals Market Research Report

By: Visionshopsters

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