Analytics and how companies use them are increasingly a differentiator in business success, so it’s important for companies to not only leverage their investments, but also to be thinking about and preparing for the future. For many data-driven professionals in business intelligence (BI) and analytics who have been mostly using on-premise tools, that means looking into cloud options. The easiest way to begin is working with a hybrid environment, where you can expand analytics insights from on-premise investments with high-speed innovation from the cloud.
Over the past few years, most companies have moved towards business intelligence (BI) and data analytics in order to make more intelligent and informed business decisions. Today, organizations of all sizes realize that business intelligence and analytics are no longer an option but a necessity if they hope to survive and stay competitive. It is no wonder that Marketwatch predicts the global market for business intelligence to rise to more than $147 billion by 2025.
While many companies are adopting BI and data analytics tools, our research by ASUG shows that they currently lack the formal executive support and resources needed to sustain it. Only 21% of participants in this research reported having executives that support their BI function. While the importance of BI and analytics is on the rise, clearly, there are many barriers to the implementation of these functions that need to be removed in order to optimize these solutions fully. To learn more about the trends and challenges, see: business intelligence and analytics trends.