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Business Intelligence Leader, Oco, Issues 2008 Predictions
Sees BI Adoption among Mid-Sized Markets;
and Taking Hold Diagonally
WALTHAM, Mass. - Dec. 13, 2007 - Oco, Inc., a leading Software-as-a-Service (SaaS) provider of business intelligence (BI) and data integration
solutions, today released its predictions for five key BI trends affecting businesses in 2008. Most notably, Oco sees BI solutions targeting the
intersection of business functions and industry market segments, and opening up enterprise-class capabilities to mid-sized companies at affordable
costs.
Following are Oco’s predictions:
1. BI Goes Diagonal
In 2008, we will see the era of vertical or horizontal BI solutions converging toward diagonal solutions - those focused on specific business
problems extending across similar industries. Examples of these types of solutions include applications for calculating product margins with
vendor-specific adjustments, or reducing transportation costs for companies in the retail, consumer packaged goods, and discrete manufactured
product segments. Business intelligence providers will incorporate detailed functional knowledge into their products to deliver diagonally oriented
BI solutions.
2. BI Best Practices
As we have seen happen with many software applications, BI customers will insist on best practices for key metrics to measure and improve their
businesses. The convergence of dashboard and metrics consulting companies with analytics tool providers will result in new packages of best
practices by industry and function.
3. Technology will Move from an IT Priority to a Business Decision
IT departments have typically set the technology agenda for corporations. They have established technology standards, architectural guidelines, and
infrastructure and tool requirements based on traditional approaches to business needs. Now, business users are taking more control, and in 2008, we
will see them continue to move into the driver’s seat, not only deciding which type of technology to use, but also selecting which business
model and, in some cases, which vendor to support their business needs.
4. Growth of the "IT Light" Solution Model
Typically, IT organizations have a list of critical and pressing projects that would take years to address. Forward-thinking organizations are
looking more strategically at their projects, deciding which ones can be addressed using business models and vendors that don’t require
full-time oversight, involvement, and ongoing maintenance. The growth of the IT light solutions will continue to gain momentum in 2008 and make BI
accessible to mid-sized markets. Early signs include the increased outsourcing of IT maintenance to U.S. and Indian offshore service providers and
increased use of Software-as-a Service (SaaS) models.
In 2008, we’ll also see the introduction of more quick-start programs and accelerators in the marketplace, which will enable organizations to
implement solutions in a shorter timeframe.
"BI has gained incredible popularity within organizations of all sizes," said Bill Copacino, president and CEO of Oco, Inc. "Given the economic
environment and competitive pressures that are anticipated for 2008, organizations will continue to be interested in solutions that can be
implemented rapidly and provide immediate results. Cost-effective solutions that do not require extensive IT involvement will gain momentum."
5. BI Adoption Rate Expands into Small and Medium-Sized Organizations
While large companies have been early adopters of BI because their business models have been well suited to its benefits, we will see BI become more
mainstream in 2008. BI will increasingly penetrate into medium and smaller companies as more affordable solutions evolve that can cost effectively
meet their needs.
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