why every business needs a cloud bi strategy · 2017. 8. 14. · why every business needs a cloud...
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WHY EVERY BUSINESSNEEDS A CLOUD BISTRATEGYBI and analytics tools were the # 1 investment priority forCIOs in 2015. Through the cloud based model, BI isbecoming more accessible, affordable and less risky.
E V O L U T I O N O F T H EB I I N D U S T R Y
B I + C L O U D =T H E P E R F E C T P A I R
The Cloudbased BImarket is projected to grow to
of BI and analytics pros are‘highly satisfied/satisfied’with Cloud BI vs. just 51% ofonpremise BI users.
spent on BIsoftwareeach year
$14B$97Bexpectedannual dollarspend on BIservices by2016
$143Bexpectedvalue of theBI &analyticsindustry as awhole
$2.94B in 2018
76% 80%
Agile Affordable Mobile
of users cited speed ofdeployment as the topreason for cloud BIadoption
Scalable
https://www.betterbuys.com/bi/businessintelligencestats/http://www.thoughtspot.com/blog/15gamechangingbistats2015http://icharts.net/blog/2015/businessintelligenceandbigdatastatsprojectinggrowthhttp://www.matillion.com/insight/15factsaboutthebusinessintelligencemarket/https://cisonline.bu.edu/newsresources/whybusinessintelligenceiskeyforcompetitiveadvantage/
Sources:
1 . B o o s t R O I
For every dollarspent on BI tools $10.66 is returnedThe ROI for BI projects is over 1000%
2 . D r i v e I n n o v a t i o n
Companies thatuse analytics are 5X more likely to make
faster decisions
58% of BI adopters say that reporting continues tobe the strongest driver of innovation
3 . R e t a i n & G a i n C u s t o m e r s
3 W A Y S T O G A I N AC O M P E T I T I V E A D V A N T A G EW I T H C L O U D B I
89% of business leaders believe Big Data willrevolutionize business operations
Build CustomerCentric Offerings
Ensure Loyalty
Product/customer segmentationIdentify upsell/cross sell opportunitiesNext product/recommendations
Enable more timely and efficient resolutionsReduce customer wait timesEnable customer reward programs
Increase Market ShareIdentify new business opportunitiesIncrease decision making speed
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