Gartner predicts BI software growth
A recent Gartner CIO survey ranks business intelligence (BI) as the top technology priority for 2006 and the latest Gartner forecast predicts the worldwide BI software market will increase 6% from 2005 to reach $2.5 billion, reports CRM Today.
The BI software market will continue to grow at least until 2009, when it is expected to reach $3 billion because forward-thinking organisations are looking to BI as a driver for business innovation and growth, the survey reveals.
By investing in BI, companies can get more out of their enterprise application investments and turn the huge volumes of data being generated into meaningful insight to measure performance, respond quickly to market changes and opportunities, and comply with an increasingly complex regulatory environment, says Gartner.
Application vendors enter BI market
Application and database vendors are muscling in on the BI tool market to meet the increasing demand for BI, says Computer World.
Specialist third-party suppliers have always dominated the BI tool market, but BI is no longer the preserve of specialist vendors such as Cognos and Business Objects. Instead companies are relying on BI tools included in ERP and other business application suites, the article notes.
As an example, the article says appliance maker Whirlpool has opted to freeze new investments in BI tools from BI vendors and replace them with an updated version of SAP`s BI suite, called NetWeaver Business Intelligence due to ship this year.
Medical researchers turn to analytics
The private, non-profit Windber Research Institute (WRI) is to work with Erasmus University Medical Centre in Rotterdam to develop a translational medicine data warehousing solution for clinical, molecular and imaging data based on Oracle and InforSense technology.
According to the B-Eye Network, Erasmus and WRI plan to develop standardised approaches to data warehousing and analytics to enable researchers to produce statistically relevant, well-documented results that can be translated quickly into diagnostics for patients.
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