Interest in collaborative business intelligence capabilities remains strong this year, with a majority of organizations considering this capability to be important, according to new research from Dresner Advisory Services LLC, a researching and consulting firm focused on BI and related areas.
Collaborate BI is a process where individuals and organizations work together to develop a common understanding that’s shared and used to support better decision-making across the organization, the firm says. More than 60 percent of the 882 worldwide organizations surveyed online in February and March 2014 say this capability is, at a minimum, important, according to the firm’s third annual “Wisdom of Crowds Collaborative Business Intelligence Market Study.”
“This year there is a rebound in interest in collaborative BI, placing it above such high-profile topics such as big data and social media,” Howard Dresner, founder and chief research officer at Dresner Advisory Services, said in a statement.
Vendor plans and user desires and requirements for collaborate BI are generally aligned in 2014, the report says, but the industry lags in mobile support and the ability to “follow” BI objects.
Technology, financial services and health care companies rank collaborative BI higher than other verticals do, and sales and marketing lead the way among business functions that consider collaborative BI to be critical, very important or important.
In 2014, the use of virtual meetings has caught up with the telephone as a channel for collaborative activities, the study says. Very large organizations are more likely to embrace virtual meetings, while small companies are most likely to embrace file sharing, it says.