Industry News

Cloud computing changing future of BI

2012-03-23
With the onset of cloud technology, many different sectors of the business and personal world are rapidly changing. From the focus on personal computers to mobile tablets, and from legacy systems to IaaS and SaaS systems, it goes without saying that in the coming years consumers can expect a technological revolution.

All these emerging systems are impacting business intelligence as well. A recent IDC study predicts that the market for big data technology and business intelligence software will grow from $3.2 billion in 2010 to $16.9 billion in 2015.

Furthermore, Gartner predicts that companies will nearly be forced into using these new technologies or risk losing a competitive edge. According to a new Gartner study, 85 percent of Fortune 500 corporations will fail to effectively use big data to get an advantage.

According to Jeff Kaplan, managing director of THINKstrategies, businesses must adopt some semblance of business intelligence and analytics software in order to maintain an edge that may have previously been established with legacy systems.

"Without all these cloud-based resources and tools, most organizations would be unable to cope with today's explosive growth of data," he said.