According to this report, Gartner Group predicted these developments in BI market. I just wanted to check in at the midpoint, and see how they are doing.
Here they are:
"Because of lack of information, processes, and tools, through 2012, more than 35 percent of the top 5,000 global companies will regularly fail to make insightful decisions about significant changes in their business and markets."
No way to verify this, but I would say that the number is a bit high, based on my experience. The fact is that bad decisions, using bad information occur daily, with millions being wasted weekly. Indeed, if you look at the recent downturn, one would think businesses would get better at leveraging information to make decisions. I think they are getting worse since there is little money to create and manage BI systems these days.
"By 2012, business units will control at least 40 per cent of the total budget for business intelligence."
Won't happen...IT won't give up the control. Trust me on that one.
" By 2010, 20 percent of organizations will have an industry-specific analytic application delivered via software as a service as a standard component of their business intelligence portfolio."
This will happen, but it will be a bit less than 20 percent. The issue will be around placing data in the cloud, most of the global 2000 won't go for that by next year.
"In 2009, collaborative decision making will emerge as a new product category that combines social software with business intelligence platform capabilities."This is occurring now, and is a huge area of growth in BI, if you ask me. With all of that good data being placed on the social networks these days, the BI applications around mining that data is going to be extremely valuable.
" By 2012, one-third of analytic applications applied to business processes will be delivered through coarse-grained application mashups."
Meaning, you can leverage BI applications as services, or applications components, and thus mix and match the BI services to fit the needs of the business. I would go along with that, but I don't think we'll be near one-third.
So far, so good for Gartner.