Worldwide business intelligence (BI) platform revenue is forecast to grow at a compound annual growth rate (CAGR) of 8.1 percent through 2012, to reach $7.7 billion in 2012. Gartner analysts expect BI platform revenue to be less affected by an economic downturn than some other technologies because of the high priority that BI platforms hold with CIOs. BI was the number one technology priority in 2008 in a worldwide survey of 1,500 CIOs by Gartner Executive Programs.1 The BI market has grown, evolved, matured and has become a necessity for most organizations over a period of time. Organizations today rely on BI to make informed decisions to remain agile and adaptive in the vibrant and dynamic business environment as well as to attain and maintain leadership positions.
Over the years, the way in which organizations have accessed the enterprise information for analysis has undergone dramatic change. The pervasiveness of BI tools has been increasing as these tools have made it possible to provide easy access to analyze enterprise data with enhanced data visualization. However, organizations that continue to adopt traditional BI approaches to access information will no longer survive in this challenging and fast-changing market. They will not be able to respond quickly to the needs of their customers and business partners. They will struggle to reduce their operational costs and increase operational efficiencies. We will show in this article how the next generation of BI reporting tools needs to take a radical approach to access information within and beyond the boundaries of enterprise.
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