Business intelligence and analytics leaders need to embrace four trends, including the growing popularity of business applications on mobile devices, according to analysts at Gartner.
“The market for BI and analytics is undergoing gradual evolution,” said Gartner analyst Neil Chandler. “By 2014, the metamorphosis of BI from IT-owned and report-centric will be virtually complete for a large number of organisations."
Chandler said these organisations will change what types of BI and analytics they use. They will change how they procure them and where they procure them from. They will also modify how information feeds decision making, he said.
Gartner says BI and analytics leaders should embrace the technology, market and management trends "that will transform the field within a few years".
Gartner has identified four key BI predictions to help organisations plan for 2011 and beyond:
- By 2013, 33 percent of BI functionality will be consumed via handheld devices
- By 2014, 30 percent of analytic applications will use in-memory functions to add scale and computational speed. Applications will use proactive, predictive and forecasting capabilities
- By 2014, 40 percent of spending on business analytics will go to system integrators, not software vendors
- By 2013, 15 percent of BI deployments will combine BI, collaboration and social software into decision-making environments
At the end of last year, Gartner said chief information officers must ensure that business intelligence programmes are treated as a "cultural transformation of the business, instead of an IT project".
It said leading organisations are using key parts of BI - such as decision modelling and support - to ensure all workers, managers and executives can make the right decisions in a given business situation.
Additional information on the four BI trends is available in the Gartner report “Predicts 2011: New Relationships Will Change BI and Analytics."
There will also be a Gartner Business Intelligence Summit taking place in London on 31 January to 1 February.