IDC Report: SaaS BI to See Triple Growth in 2010
IDC Report: SaaS BI to See Triple Growth in 2010
Posted 02/02/2010 at 5:35am
| by Paul Lilly
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According to a new IDC report, the SaaS BI market is set to explode in 2010 and beyond with a compound annual growth rate of 22.4 percent through 2013. The reason? A combination of increased product sophistication, tight IT budgets, and other factors.
"The more applications (therefore BI data sources) are moved into the cloud, the fewer reasons there may be to build and operate BI applications in-house," said Boris Evelson, an analyst with Forrester Research.
Evelson went on to say that there are a lot of good reasons to adopt SaaS BI, such as making front-office workers more productive. But it can also be useful for some larger companies. To give an example, Forrester points to an unnamed retailer that does 90 percent of its business during the holidays. For most of the year, the company handles its own BI and reporting, but towards the end of the year, the company turns to a SaaS vendor to help handle the influx of numbers.
Image Credit: zaheerspeaks.com
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onewithazureskies
February 02, 2010 at 5:53am
For those wondering what "BI" is: business intelligence.
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