BI to focus on bottom line
A growing trend in the business intelligence (BI) software market is towards applications that can predict the financial impact of future decisions, reports Reuters.
According to the report, analysts say applications that actually answer questions rather than just present mounds of data is the key driver of a market set to grow 10% in 2006.
Analysts say an increasing number of applications being developed result in some kind of action and demand for these will grow as companies realise BI software can deliver more than just data.
Retailers turn to BI
Retailers are becoming more proactive in the way they use BI, according to a survey of US-based retailers conducted by the Retail Systems Alert Group.
Channel Minds says the survey found retailers are increasingly using BI and detailed transactional data to drive their business decisions as well as determine the effectiveness of past merchandising decisions.
Gartner announces BI summit
The Gartner research group has announced the three-day Gartner Business Intelligence Summit 2006 is to start in Chicago on 6 March.
Gartner says enterprises seeking competitive advantage are now relying on BI as an innovation driver and the March summit will be aimed at showcasing the latest trends and directions in the BI market.
Keynote speakers include negotiation expert and author Herb Cohen as well as economics expert and author Steven Levitt.
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