Business Intelligence Solutions – Now More than Ever
Tech industry analyst firm IDC recently invited Noetix to participate in an Analyst Connection trend report on business intelligence. Noetix posed a series of questions to Dan Vesset, program vice president of IDC’s Business Analytics research, on behalf of Noetix’s customers. An excerpt from the report follows. To read the full report, click here.
Q. How does the economy affect the way companies think about and invest in business intelligence (BI) and analytics solutions?
A. Lack of visibility has been one of the key effects of the recession and the current slow economic recovery. Managers have been required to react to a growing number of unknowable factors. This requirement drives the need for flexibility and agility at the operational and tactical decision-making level. As a result, decision makers at all levels of the organization are seeking support from tools that enable rapid access to the freshest, most relevant, and actionable information. In addition, there is a growing body of evidence that BI and analytics solutions play a significant role in creating competitive advantage. In combination, these factors contribute to a continued investment in BI and analytics technology and processes across organizations of all sizes.