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.
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