A majority of organizations report that they have “advanced to very advanced” data environments and practices, and consider themselves coordinated or very coordinated in their ability to act on insight from their data activities, according to a new study from Dresner Advisory Services LLC.
The firm’s 5th annual edition of its “Wisdom of Crowds Business Intelligence Market Study,” which builds upon previous years of research and provides an analysis of the state of the BI industry, examines 22 different BI technologies and strategic initiatives, including big data, advanced and predictive analytics and end-user data blending.
About 70 percent of the roughly 2,000 organizations surveyed by Dresner Advisory Services say they have advanced to very advanced data environments and practices, and even more (85 percent) consider themselves coordinated or very coordinated in their ability to act on insight from data activities.
Other findings of the report are that success with BI corresponds strongly to an organization's ability to act on insight, and "better decision-making" is the BI objective most strongly identified with across functions, industries and geographies.
Executive management remains the strongest functional driver of BI, and user groups other than managers or executives are targeted as users of BI less than 30 percent of the time. More than one-third of organizations report fewer than 10 percent of employees using BI. Despite low penetration, organizations say they have ambitious plans for extending their BI user base in the future.
Dashboards, end-user self-service, data warehousing and advanced visualization lead the list of technologies and initiatives strategic to BI, the study says.