Why Do You Need Business Intelligence?
More than a third of businesses are likely to lack insight in their business intelligence processes in the coming years, according to a new industry report.
Analyst Gartner forecasts that 35 per cent of firms will fail to operate with the insight necessary to gain a competitive advantage.
Through until 2012, this is to see up to 1,750 of the world's 5,000 leading organisations fail to adapt immediately and successfully to changing conditions in their key markets.
Research vice-president and "distinguished analyst" Bill Hostmann suggests that many companies could benefit if they were to set up a task force specifically to drive organisational change in the required direction.
He adds that the IT department would be the ideal location for this task force, helping to improve business intelligence services in line with the needs of other executives within the company.
Nigel Rayner, research vice-president at Gartner, echoes the claims, predicting that many organisations are likely to place renewed demand on their IT departments over the next three years.
He explains that this is to see IT managers and their control of business intelligence become a key driving force behind increasing the value of the business as a whole.
Gartner asserts that its report expects business intelligence to become less of a "focus on technology" over the coming years and more of an innovative means of making efficiency gains company-wide.
