why every business needs a cloud bi strategy · 2017. 8. 14. · why every business needs a cloud...

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WHY EVERY BUSINESS NEEDS A CLOUD BI STRATEGY BI and analytics tools were the # 1 investment priority for CIOs in 2015. Through the cloud based model, BI is becoming more accessible, affordable and less risky. EVOLUTION OF THE BI INDUSTRY BI + CLOUD = THE PERFECT PAIR The Cloudbased BI market is projected to grow to of BI and analytics pros are ‘highly satisfied/satisfied’ with Cloud BI vs. just 51% of onpremise BI users. spent on BI software each year $14B $97B expected annual dollar spend on BI services by 2016 $143B expected value of the BI & analytics industry as a whole $2.94B in 2018 76% 80% Agile Affordable Mobile of users cited speed of deployment as the top reason for cloud BI adoption Scalable

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Page 1: WHY EVERY BUSINESS NEEDS A CLOUD BI STRATEGY · 2017. 8. 14. · WHY EVERY BUSINESS NEEDS A CLOUD BI STRATEGY BI and analytics tools were the # 1 investment priority for CIOs in 2015

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

Page 2: WHY EVERY BUSINESS NEEDS A CLOUD BI STRATEGY · 2017. 8. 14. · WHY EVERY BUSINESS NEEDS A CLOUD BI STRATEGY BI and analytics tools were the # 1 investment priority for CIOs in 2015

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