Future
A 2009 Gartner paper predicted these developments in the business intelligence market:
- Because of lack of information, processes, and tools, through 2012, more than 35 percent of the top 5,000 global companies regularly fail to make insightful decisions about significant changes in their business and markets.
- By 2012, business units will control at least 40 percent of the total budget for business intelligence.
- By 2012, one-third of analytic applications applied to business processes will be delivered through coarse-grained application mashups.
A 2009 Information Management special report predicted the top BI trends: "green computing, social networking, data visualization, mobile BI, predictive analytics, composite applications, cloud computing and multitouch."
Other business intelligence trends include the following:
- Third party SOA-BI products increasingly address ETL issues of volume and throughput.
- Cloud computing and Software-as-a-Service (SaaS) are ubiquitous.
- Companies embrace in-memory processing, 64-bit processing, and pre-packaged analytic BI applications.
- Operational applications have callable BI components, with improvements in response time, scaling, and concurrency.
- Near or real time BI analytics is a baseline expectation.
- Open source BI software replaces vendor offerings.
Other lines of research include the combined study of business intelligence and uncertain data. In this context, the data used is not assumed to be precise, accurate and complete. Instead, data is considered uncertain and therefore this uncertainty is propagated to the results produced by BI.
According to a study by the Aberdeen Group, there has been increasing interest in Software-as-a-Service (SaaS) business intelligence over the past years, with twice as many organizations using this deployment approach as one year ago – 15% in 2009 compared to 7% in 2008.
An article by InfoWorld’s Chris Kanaracus points out similar growth data from research firm IDC, which predicts the SaaS BI market will grow 22 percent each year through 2013 thanks to increased product sophistication, strained IT budgets, and other factors.
Read more about this topic: Business Intelligence
Famous quotes containing the word future:
“The moments of the past do not remain still; they retain in our memory the motion which drew them towards the future, towards a future which has itself become the past, and draw us on in their train.”
—Marcel Proust (1871–1922)
“I want the necessity of supplying my own wants. All this costly culture of yours is not necessary. Greatness does not need it. Yonder peasant, who sits neglected, carries a whole revolution of man and nature in his head, which shall be a sacred history to some future ages.”
—Ralph Waldo Emerson (1803–1882)
“There are many of us who cannot but feel dismal about the future of various cultures. Often it is hard not to agree that we are becoming culinary nitwits, dependent upon fast foods and mass kitchens and megavitamins for our basically rotten nourishment.”
—M.F.K. Fisher (1908–1992)