The need to grow and change is evident in today's competitive IT environment. Companies don't get to the top of their fields by doubling down on legacy processes, they evolve by embracing the new. This is evident in the fact that agile startups with new, fresh ways of looking at things often disrupt existing industries with cutting-edge innovation. The way to compete with these small but powerful entities is to become thoroughly modern and beat them at their own game. Corporate leaders are looking for technology that will help them do just that, and business intelligence may be the answer.
Wide adoption for analytics
New technology tends to either burn out or evolve quickly. Business intelligence and analytics systems have taken the latter route, according to recent Gartner research. Dan Sommer, Gartner principal research analyst, explained that the adoption base for analytics is growing steadily, with 50 percent of potential users having access to the solutions by 2014. He followed up this impressive prediction with another – 75 percent of potential users will have analytics by 2020, and the years beyond will be a march to adoption by the rest and the creation of a connected network that spans every kind of endpoint.
The massive spread of business intelligence systems can be attributed to a few factors, according to Gartner. The research firm stated that companies now have new cases for their BI software deployments, with employees who never touched the systems before getting specially-tailored dashboards that suit their functions perfectly. This group, according to the source, includes HR professionals, risk prevention leaders and telecommunications workers. There are also new ways to buy these programs, with Gartner stating that new models, including subscriptions, are taking hold in preference to one-time purchases. SaaS BI represents a new way to budget the addition of serious data analysis.
The agility of the cloud could help business leaders tackle problems that are limited to a few sections within the company. According to BeyeNetwork contributor Jean-Michel Franco, this is one of the possible uses of the cloud BI model. If needs change, a new deployment is always ready to go.
Giving powerful IT technology to users outside of the normal technology infrastructure may open companies up to evolution and improvement within their respective fields. Each internal team can boost its own performance and, as a result, enhance the firm as a whole. The software solutions they need are out there in force.