In the wake of the long-running massive industry consolidation in the Enterprise Software industry we have seen the pace of innovation has slowed to a crawl as the large vendors are midway through digesting the former best of breed market leaders, thankfully for the health of the industry, nothing could be further from the truth in the market overall. This market has in fact shown itself to be very vibrant, with a resurgence of innovative offerings springing up in the wake of the fall of the largest best of breed vendors.
So what are the trends and where do I see the industry evolving to? Few of these are mutually exclusive, but in order to provide some categorization to the discussion, they have been broken down as follows:
- Business Intelligence decisions are moving from the boardroom to the front line of business making decisions
- Personal correspondence is becoming more important in analytics data.
- Data Discovery Accelerates Self-Service BI and Analytics
- Unified Access and Analysis of All Types of Information Improves User Productivity
- Big Data Generated by Social Media Drives Innovation in Customer Analytics
- Text Analytics Enables Organizations to Interpret Social Media Sentiment Trends and Commentary
- Decision Management Enables Organizations to be Predictive and Proactive in Real Time
- BI in the Cloud" is on the move to go mainstream
- BI is moving toward a self-service delivery model.
- We will witness the emergence of packaged strategy-driven execution applications.
- The holy grail of the predictive, real-time enterprise will start to deliver on its promises.
- The industry will put reporting and slice-and-dice capabilities in their appropriate places and return to its decision-centric roots with a healthy dose of Web 2.0 style collaboration.
- Performance, risk, and compliance management will continue to become unified in a process-based framework and make the leap out of the CFO's office.
- SaaS / Cloud BI Tools will steal significant revenue from on-premise vendors but also fight for limited oxygen amongst themselves.
- The undeniable arrival of the era of big data will lead to further proliferation in data management alternatives.
- Advanced Visualization will continue to increase in depth and relevance to broader audiences.
- Open Source offerings will continue to make in-roads against on-premise offerings.
- Data Quality, Data Integration, and Data Virtualization will merge with Master Data Management to form a unified Information Management Platform for structured and unstructured data.
- Alternative BI solutions lead to speed and lower costs.
- BI is more than an IT function – it's about people and business decisions.
The Shape of Things to Come
Picking these trends is not easy, given that we are in an exciting phase of innovationâ€”particularly regarding the access and analysis of big data, including social media content and data for new forms of investigation, such as geospatial analysis. In addition, the trends are unfolding as the infrastructure of computing is changing dramatically to include cloud platforms and the vast, worldwide adoption of mobile devices. So, while I did not identify either cloud computing or mobile adoption among the trends in this article, these platform shifts should be kept in mind as context for how the trends are likely to play out.
What do you see as the major emerging trends shaping the implementation of BI and analytics? Let us know: Any speakers in this industry are invited to discuss and debate the future of BI and analytics at Engage Middle East 2012. We look forward to your comments!