Increasing operational efficiency still the biggest BI spending driver
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Operational efficiency is still the primary driver of business intelligence (BI), analytics and corporate performance management (CPM) initiatives in all company size segments, according to the survey. Seventy-one percent of the respondents cited increased efficiency as a key factor influencing their spending plans this year. That was nearly twice as many “yes votes” as any of the other choices received: Increasing revenue and profits and data consolidation tied for second place, with both being identified as spending drivers by 36% of the survey respondents.
In order to get more of the benefits of using BI, analytics and CPM tools, and to help justify continued investments in them, more and more organizations are looking to expand beyond basic data warehousing, reporting and data analysis functions. But efforts to expand the BI and analytics process within organizations can take years, according to BI and data warehousing managers who cited a variety of challenges that need to be overcome first. That includes data quality issues, internal IT limitations and the need to wean business users away from spreadsheets and other standalone tools.
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