Business intelligence, business performance management (BPM) and analytics are all related technologies that accomplish similar goals: culling and presenting the right data for strategic decision making. As such, the results from the 2010 BPM Partners Annual Survey are relevant to the business intelligence and analytics markets.
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Business intelligence, analytics, and of course, BPM professionals should consider these findings:
* “Corporate executives are still concerned with the economy but are starting to shift their mindset to longer term strategy.”
* Improved management reporting was the biggest priority for BPM and related (i.e., business intelligence, analytics) projects.
* 21% of large companies (those with more than 2.500 employees) spent more than $1,000,000 on BPM projects. In recent years spending had been down; this level of spending has not been seen since 2007.
* Only 73% of survey respondents have BPM projects planned or in the planning stages, citing “lack of clarity around benefits” and “lack of executive sponsorship” as the reasons for not starting a BPM initiative.
* Companies adopting these technologies (BPM, business intelligence, analytics, etc.) are experiencing shorter implementation cycles; only 15% of respondents spent one year or more on an implementation.
The annual survey is a worthwhile read for executives and technologists investigating business intelligence, analytics and BPM solutions. Take a look through a complimentary summary report of the 2010 BPM Partners Annual Survey.
Kelley Kassa
Spotfire Blogging Team
Image Credit: Microsoft Office Clip Art
