Business Intelligence Leader Oco Predicts 2009 Will Usher in New Era of Complementary BI
Oco, Inc., a Software-as-a-Service(SaaS) provider of business intelligence (BI) and data integration solutions, today released its predictions for the five key technology and BI trends that will impact businesses in 2009. Most notably, Oco sees the emergence of Complementary BI solutions that leverage existing investments companies have already made in BI and data management infrastructure and technology. Businesses will point BI at pressing business issues, including collaboration across functions and throughout the ecosystem to drive business performance.
ebizQ received the following:
"One thing that has clearly emerged in 2008 is the use of different business
intelligence solutions to address different BI needs," said Bill Copacino,
president and CEO of Oco, Inc. "The number of companies embracing
Complementary BI is expected to significantly expand in 2009, particularly
among large businesses. Additionally, as the economic climate continues to
impact business, successful BI solutions in 2009 will be those that will
help an organization rapidly solve specific and immediate business needs
without taxing valuable IT resources."
Following are the trends that Oco predicts for 2009 and beyond:
- Growth of Complementary BI - Companies have long attempted to standardize using a single application or approach to address all of their technology needs in a specific area. However, BI in particular, cannot be effectively implemented using a single standardized approach. There are too many different capabilities, vertical-specific requirements and deployment models to be restricted to one standard BI tool from a single vendor. Driven by diverse organizational needs, a growing number of companies will recognize that one size does not fit all, and turn to a set of distinctive BI tools with varying capabilities from different vendors to address a range of BI requirements.
- SaaS Goes Upmarket - Software-as-a-Service (SaaS) has provided an attractive proposition to small and mid-sized companies, yet large, multinational enterprises are also realizing the benefits of rapidly deployed solutions that require minimal ongoing IT support. These large firms are turning to SaaS BI solutions to complement their existing BI infrastructure. The SaaS-based BI approachwill significantly proliferate among large, multi-billion-dollar companies in 2009 and beyond.
- Information Silos Will Tumble - As the different functions within an organization become more interrelated, the insight needed to make effective business decisions doesn't come from one single area. Analytical decision-making requires that information be gathered from many different functions across an enterprise, which is a difficult task when data ownership resides in individual systems. As decision-making continues to become more cross-functional, data silos will break down. For example, to gain an understanding of at-risk customer revenue, companies may need to pull actual customer revenue from finance, forecast revenue from sales, customer satisfaction metrics from marketing, and on-time shipment information from supply chain management.
- Collaborative BI Throughout the Extended Enterprise - As analytic solutions become richer and more powerful, they will reach outside the firewall to a company's customers, suppliers and service providers. This extended enterprise will both contribute data to the solution, and also use the analytics that it offers. Reaching into the extended enterprise has been a priority for years-now measuring and making business decisions based on the same set of analytics will become pervasive. These solutions will be significantly enriched in 2009, driving value throughout the ecosystem.
- Corporate Hot Spots Will Drive BI - In the recession, companies will choose IT initiatives that address specific business "hot spots" and offer a quick payback. Initiatives focusing on increasing revenue, reducing costs or improving customer satisfaction will reign. BI will provide organizations with visibility into opportunities to cross-sell into existing customers, ensure at-risk revenue is secured, identify new opportunities, rationalize costs and inventory, and meet goals set out by leadership. Companies are targeting a 3x ROI and payback in 90 days or less.
ebizQ is very interested in what you have to say. To contribute an article, an opinion, or to become a blogger, please contact Peter Schooff.
- Virtual Conferences
View All Virtual Conferences
SOA Cloud Qcamp
June 3, 2009
One of the most compelling trends in the enterprise business technology space over the past year has been the emergence of cloud computing. In ebizQ’s upcoming Qcamp virtual un-conference, leading industry experts and practitioners will explore the role of service-oriented architecture (SOA) and business process management (BPM) in supporting cloud-computing initiatives. Additionally, the new skills that developers and IT managers need for successful cloud development will be discussed.Register
Smart Case Management: Why It's So Smart.
Date:Nov 05, 2009
ET- (17:00 GMT)
View All Roundtables
Date:Oct 29, 2009
ET- (19:00 GMT)
Business-critical ERP applications, such as PeopleSoft Enterprise, represent an ongoing corporate investment, empowering new business initiatives,...Download Now
Joe McKendrick: Part II of II: Designing Evolve-ability into SOA and IT Systems
In part two of Joe McKendrick's recent podcast with Miko Matsumura, chief strategist for Software AG, they talk about how SOA and IT systems need to change and grow and adapt with the organization around it.
Phil Wainewright: Helping Brands Engage with Social Media
Phil Wainewright interviews David Vap, VP of products at RightNow Technologies, and finds out how sharing best practices can help businesses understand how best to engage with online communities.
Peter Schooff: Making Every IT Dollar Result in a Desired Business Outcome: Scott Hebner of IBM Rati
Scott Hebner, Vice President of Marketing and Strategy for IBM Rational, discusses a topic on the top of every company's mind today: getting the most from IT investments.
Jessica Ann Mola: Where Will BI Fit In? Lyndsay Wise Explains
In BI, this tough economy and the increasing role of Web 2.0 and MDM are certainly topics on people's minds today. WiseAnalytics' Lyndsay Wise addresses each of them in this informative podcast.
Dennis Byron: Talking with...Deepak Singh of BPM Provider Adeptia
Deepak Singh, President and CTO of Adeptia, joins ebizQ's Dennis Byron in a podcast that gets its hand around the trend of industry-specific BPM.
Most Recent ebizQ Blog Entries
Quick Guide: What is BPM?
Quick Guide: What is Event Processing?
Smart event processing can help your company run smarter and faster. This comprehensive guide helps you research the basics of complex event processing (CEP) and learn how to get started on the right foot with your CEP project using EDA, RFID, SOA, SCADA and other relevant technologies.
Quick Guide: What is Enterprise 2.0?
A lot of people are talking about Enterprise 2.0 as being the business application of Web 2.0 technology. However, there's still some debate on exactly what this technology entails, how it applies to today's business models, and which components bring true value. Some use the term Enterprise 2.0 exclusively to describe the use of social networking technologies in the enterprise, while others use it to describe a web economy platform, or the technological framework behind such a platform. Still others say that Enterprise 2.0 is all of these things.