January 26, 2014
In the article titled Business Intelligence Usage Evolving Subtly on Smart Data Collective it is made apparent that new developments in business intelligence and analytics are still growing. The article assumes that the 2013 trend in cloud computing popularity will continue into 2014.
Looking further ahead, the article states:
“There could soon be a whole new BI paradigm, in which many affordable analysis processes are created at once, rather than devoting the whole budget to one effort. Enterprise Apps Today explained that this is another natural role for the cloud, with good projects surviving and poor options falling by the wayside, all without the effort or funding that would be necessary to accomplish the same on-site.”
The article cites a MarketsandMarkets survey that concluded that BI would be found useful in many sectors. More specifically, “the source indicated that the technology will grow at a rate of 8.3 percent through 2018.” That would mean a value of $20.8 billion in 2018, up from the current worth of $13.9 billion. However, others are less optimistic, believing the slow evolution of business intelligence may be too snail-like, since business intelligence is currently meeting sales resistance in France, as we reported in the article Business Intelligence: Free Pressure for Fee Solutions. Perhaps subtle is not enough?
Chelsea Kerwin, January 26, 2014
Phi Beta Iota: Business Intelligence (aka Data Mining) and Competitor or Competitive Intelligence (aka Meta-Myopia) are retarded. They are both working with old frames of reference and old data, none of which includes any reference to holistic analytics or true cost economics — in other words, they are not capable of achieving a best truth and they are not sustainable.