From my understanding “Business Intelligence Software And Solutions” is one of the top priority technology that can help companies cut cost and boost revenues. Given the importance of analyzing large amounts of data in real time, this has turned into a rapidly growing software market.
IT executives can also use business intelligence (BI) software and solutions to watch all the traffic on a network and how much time employees are spending on non-work related activities. One of our partner company learned a new intern downloaded 12GB of Netflix in one month. Netflix was then blocked completely, ensuring he was focused on his work.
Common functions of business intelligence technologies are reporting, online analytical processing, analytics, data mining, process mining, complex event processing, business performance management, benchmarking, text mining, predictive analytics and prescriptive analytics.
According to a report published by Gartner, global spending on business intelligence (BI) software and solutions was US$13.1 billion last year. In terms of BI market share, SAP held onto the top spot in Gartner’s survey with about $2.9 billion in Business Intelligence revenue. Oracle came in second with $1.95 billion, followed by IBM with $1.62 billion, SAS Institute at $1.6 billion and Microsoft with about $1.19 billion.
Top Best Business Intelligence Software And Solutions Leaders:
SAP Business Objects: SAP leads the BI software market with 20.4% of the market. The SAP Business Objects Business Intelligence (BI) platform is a flexible and scalable information infrastructure designed to help you more easily discover and share insights for better business decisions.
The SAP Business Objects BI platform gives your IT department a flexible means of sharing BI content throughout the entire organization, empowering your business users to make effective, informed decisions.
SAS – SAS has managed to hold on to one of the top spots in the Business Intelligence software market. SAS Business Intelligence gives you the information you need, when you need it, in the right format. By integrating data from across your enterprise and delivering self-service reporting and analysis, IT spends less time responding to requests and business users spend less time looking for information. SAS Business Intelligence also offers an integrated, robust and flexible presentation layer for the full breadth of SAS Analytics capabilities, including statistics, predictive analytics, data and text mining, forecasting, and optimization – all integrated within the business context for better, faster decision making.
Oracle – In terms of market share, they’re essentially tied with SAS for second place, Oracle leads the way in helping organizations gain more insight, across more data, and drive better outcomes in every aspect of their business. Oracle Business Intelligence Enterprise Edition (OBIEE) is a comprehensive business intelligence platform that delivers a full range of capabilities – including interactive dashboards, ad hoc queries, notifications and alerts, enterprise and financial reporting, scorecard and strategy management, business process invocation, search and collaboration, mobile, integrated systems management and more.
IBM – While IBM is obviously not a pure-play Business Intelligence software vendor, IBM Business Intelligence Pattern is a private cloud solution designed to speed your deployment of IBM® Cognos® Business Intelligence, lower TCO and reduce IT backlog. Your Cognos Business Intelligence software can be up and running in minutes in a fault-tolerant environment with elastic scaling for optimized resource allocation. Rapid provisioning of the infrastructure enables you to start implementation immediately. You can even set up multiple environments and then take them down as needed.
Microsoft – Microsoft BI solutions leverage your existing technology investments in .NET, SQL Server and Office to develop rich integrated reporting and analytics experiences that empower users to gain access to accurate, up-to-date information for better, more relevant decision making.
MicroStrategy – MicroStrategy provides a high performance, scalable enterprise Business Intelligence platform capable of delivering deep insight with interactive dashboards and superior analytics to large user populations through Web browsers, mobile devices and Office applications.
Infosys – Infosys offers end-to-end Business Intelligence and Data Warehousing services – Reporting and Analytics, Maintenance and Support. Our services cover Business Intelligence road map, Data Warehousing Implementation, Analytics, Data Mining, Data Quality and Master Data Management. Our business result-oriented approach ensures return on information.
Please share your experience about, how business intelligence software and solutions can be used to cut cost and boost revenues?