Business Intelligence Trends for 2013

Halloween is over, retail stores are hanging holiday garlands, and the BI analysts are serving up their annual predictions for next year’s top technology trends.  It looks like some exciting and impactful technology innovations are coming our way.

Gartner Research is predicting that worldwide IT spending will surpass $3.7 trillion in 2013, which is a 3.8% increase from 2012.  Major growth drivers include big data projects, cloud computing, and mobile BI. Worldwide IT spending will surpass $4 trillion by 2015.

“Every budget is an IT budget,” according to Peter Sondergaard, senior VP at Gartner.  His point, according to Larry Dignan at ZDNet’s Between the Lines: “More technology spending will occur outside traditional procurement methods.  Consumers will spend more disposable income on technologies.  Industries traditionally thought to be non-tech will be digitized.  And technology will be embedded into everything.”

In a recent TDWI article, David Stodder, director of TDWI Research for business intelligence, states that three emerging trends will capture the market’s attention:

  1. In-memory computing changes the terrain for BI and analytics.
  2. Data visualization becomes essential as analytics hit the mainstream.
  3. Data integration will improve with better knowledge about sources.

Stodder says: “With sharper data insights, decision makers won’t ‘miss it by that much,’ to borrow Maxwell Smart’s famous line.  They will have clear and comprehensive views of subjects of interest supported by the right data at the right time.”

And one big trend that everyone agrees will continue to be big in 2013 is BIG DATA.  However, the point at which data becomes ‘big’ is still ill-defined, says Barry Devlin, founder and principal of 9sight Consulting, in an ITWeb article.  “I’ve started saying big data is really ‘all data,’ because that’s the essence of where all vendors and analysts are moving.”

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