Friday, October 08, 2004

Bringing Business Intelligence to the Masses

High on the list of factors feeding the burgeoning growth rate of BI is an increasingly strict regulatory environment for businesses. Government regulations, primarily in the form of the Sarbanes-Oxley Act in the U.S. and the Combined Code on Corporate Governance in the U.K., are fueling the drive to make companies more honest and open with their corporate information and in their external reporting. Hence the need for business intelligence tools to help companies comply with new government regulations.

Control is another key issue—specifically, greater control over a widening flow of data. According to Gartner Group, by 2012, global companies will have to handle 30 times more data than they do in 2004. A data avalanche of that volume will cause widespread information-system overloads, causing companies to look for better metrics and systems to manage more corporate information. The expected high price of such BI systems—already $250,000 for installation and $1 million and up for maintenance—will rise exponentially and could give pause to cash-strapped companies.

Bringing Business Intelligence to the Masses

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