Improve Your Business Performance With Business Intelligence And Analytics

On September 10, 2009, IBM released a global study of approximately 2,500 CIOs about their top priorities for the next 12 months. Business Intelligence and Analytics were the clear winner.

The majority of CIOs (83%) want to get better control on their vast amounts of data. They see business intelligence and analytics as the best way to enhance the competitiveness of their company.

This result is really informative, as the survey is the largest face-to-face survey ever conducted with CIOs around the world. With new (smaller) BI players in the market, prices for excellent business intelligence tools came down substantially and are now affordable for any company, small or large, even if you have to work within a tight budget. It is not a matter whether you can afford a business intelligence and analytics system, it is simply essential for the success of your company to either buy or build one, or improve what you already have.

The result of the survey clearly show the increasingly strategic role that CIOs are playing as IT leaders and drivers of innovation and financial growth. As CIOs from 78 different countries and 19 industries attended, this survey really represents the true global aspect of the influence of CIOs and their priorities. The study is titled”The New Voice of the CIO”

CIOs want to provide tools to help improve decision-making at all levels of their corporation said Pat Toole, CIO of IBM. They understand that only better analytics and business intelligence broadly used in their company can be the key to explore new growth markets.

71% of the attending CIOs of the survey plan to make additional investments in areas like risk management and corporate compliance. However, their top priority for the next 12 months is data analytics.

In economies like we are in at the moment, CIOs are facing a dilemma: How can they reduce costs while improving services? How can they balance the need to influence business strategies with the need to provide top notch IT support?

So, using IT to produce greater business value is vital, bundled with an ongoing focus on lower cost and higher efficiency. This is why an improved business intelligence solution combined with a great analytics tool with excellent visualization is so important.

Herbert Schoenek has been a leader in the Business Intelligence industry for almost 3 decades. He was involved in several hundreds of BI implementations in many different countries. His latest Business Intelligence product is called BDA and this is exactly the right solution for the current economy as it is inexpensive, fast to implement and very easy to use. Register for a Product-Demo today.