Business Intelligence software to reach 65.4 m revenue in 2011

Business Intelligence software to reach 65.4 m revenue in 2011.
The market for business intelligence (BI) software in India is forecast to reach revenue of 65.4 m this year, up 15.7 per cent over 2010, according to consultancy firm.

Worldwide, business intelligencesoftware market revenue is forecast to grow 9.7 percent to reach 10.8 billion in 2011. business intelligencewas ranked number five on the list of the top 10 technology priorities in 2011, according to  annual global CIO survey.
It is a sign of the strategic importance of business intelligencethat investment remains strong, research director.
He said this market segment had remained strong because the dominant vendors continued to put Business Intelligence, analytics and performance management at the centre of their messaging, while end-user organisations largely continued their business intelligence projects hoping that resulting transparency and insight would enable them to cut costs and improve productivity and agility down the line.
He said the market for business intelligence platforms will remain one of the fastest growing software markets despite sluggish economic growth in most regions.
It said decision making in India historically has been based on either gut feelings or on the business experience of managers.
Business intelligence will allow enterprises to make more fact-based decisions.
Business intelligence promotes revenue growth and faster innovation through shorter product and service life cycles and the ability to find where value is being created in the business, it claimed.