Latest research from BARC’s analyst team

Data Black Holes: A BARC Study

Infographic: “Data Black Holes”

Dissolving Data Silos: Companies Need To Define a Common Data Language is a BARC market research study that examines the implications of data silos for the data-driven enterprise and offer insights into the main challenges companies are currently facing due to data silos.

Based on a worldwide survey of 318 companies of various sizes and industries, this infographic highlights some of the key findings from the study.

Click here to find out more and download the full study.

Data Black Holes infographic

 

Analytics Unchained

Infographic: “Analytics Unchained”

Analytics Unchained: Unleash the Power of Analytics With Integrated Software is a BARC market research study that examines the use of integrated data and analytics software and analyzes the drivers for adoption and the benefits achieved from using such software.

Based on a worldwide survey of 319 companies of various sizes and industries, this infographic highlights some of the key findings from the study.

Click here to find out more and download the full study.

Infographic - Analytics Unchained

 

Account Reconciliation and Closing cover

Infographic: “Account Reconciliation and Closing”

The BARC report Account Reconciliation and Closing – The Journey from Excel to Artificial Intelligence looks at current practices around account reconciliation and the closing process, the extent to which specialized IT solutions are used to prepare consolidated financial statements and the possibilities to improve consolidated statements.

Based on an online survey of 110 companies in the DACH region, this infographic highlights some of the key findings from the study.

Click here to find out more and download the full study.

Account Reconciliation and Closing infographic

 

Click here to find out more and download the full study

Christian Fuchs

One Size Fits All? How to Find the Right BARC Score Segment for Your Shortlist

BARC analysts Christian Fuchs and Nina Lorenz offer up some advice on how to use BARC Score in your financial performance management and integrated planning & analytics software selection projects.

Christian Fuchs

Sneak Preview: The 2021 BARC Score Financial Performance Management

A preview of BARC Score Financial Performance Management 2021, BARC’s overview of the market for Financial Performance Management (FPM) software tools.

Christian Fuchs

A Sneak Peek at the 2021 BARC Score Integrated Planning & Analytics (IP&A)

A preview of BARC Score Integrated Planning & Analytics 2021, BARC’s overview of the market for Integrated Planning & Analytics (IP&A) software tools.

Christian Fuchs

How BARC Scores Help Companies to Assess and Classify Business Software Markets

The assessment and classification of business software and its suppliers, for example in the software selection process, can often be a complicated task for companies. BARC Scores are designed to demystify this process.

Data, BI & Analytics Trend Monitor 2021 cover

Infographic: “Data, BI & Analytics Trend Monitor 2021”

The BARC report “Data, BI & Analytics Trend Monitor 2021” examines the importance of a number of current market trends from an end-user perspective.

Based on a survey of 2,259 data management, BI and analytics practitioners, this infographic highlights some of the key findings from the study.

Click here to find out more and download the full study.

Data, BI & Analytics Trend Monitor 2021 infographic

 

Click here to find out more and download the full study.

The Future of Analytics cover

Infographic: “The Future of Analytics”

Advanced analytics has come a long way in recent years since the hype around big data ignited. Since then, a considerable number of companies have prototyped analytics solutions and sought to operationalize them.

BARC’s study “The Future of Analytics” is based on a global survey of 317 professionals working with advanced analytics. It examines the future prospects for the development of advanced analytics in terms of its role for companies, relevant user groups, processes and technologies.

This infographic highlights 4 key findings from the survey.

Click here to find out more and download the full study.

The Future of Analytics infographic

 

Click here to find out more and download the full study.

The BI & Analytics Survey 21

Press Release: Faster Is Not Always Better – but in BI and Analytics It Is

PRESS RELEASE – WÜRZBURG, October 27th, 2020

The BI & Analytics Survey is published today. BARC’s flagship annual research study analyzes feedback from a survey of 2,591 users and consultants on their selection and use of BI and analytics software and their views on market trends.

The fastest projects deliver the greatest business benefits

While decent benefits are obtained by BI and analytics projects with the longest implementation times, there is clear evidence that the fastest projects achieve the highest level of business benefits – and this gap has widened in the last twelve months (see Figure 1).

“This shows that timely results are crucial when implementing your analytics and BI solutions,” said Robert Tischler, Senior BARC Analyst and author of The BI & Analytics Survey 21. “Quick reaction to changing requirements driven by developments inside or outside a company straightforwardly impact the benefits and insights gleaned. Cutting requirements into slices to deliver benefits to users as quickly as possible is a fruitful approach as the evidence clearly shows.”

The BI & Analytics Survey 21 press release fig 1

Figure 1: Level of business benefits achieved, by implementation time, 2020 (n=1,708) vs. 2019 (n=2,055)

 

Today’s projects finish faster

The median implementation time for BI and analytics projects is currently just over four months. However, the proportion of projects completed within three months is significantly higher for projects that started less than two years ago (54 percent) compared to older projects (43 percent). This shows that changes in technology as well as project methodology enable customers to deliver solutions quicker and yield benefits faster.

BI and analytics are like wine – they improve with age

On average, BI and analytics implementations in place for more than two years generate greater benefits than their more recent counterparts.

“Do not expect all benefits to materialize immediately,” advised Tischler. “Analytics and BI is not a one-time project but an ongoing effort that constantly delivers value for businesses. Similarly, buyers should not expect to cover the full scope of solutions that have existed and matured over 20 years in 20 weeks as too much is baked into these established systems.”

The BI & Analytics Survey 21 press release fig 2

Figure 2: Level of business benefits achieved, by age of implementation (n=1,682)

 

BI and analytics are increasingly embedded in business applications

Embedding BI and analytics is currently a hot topic with many vendors focused on delivering polished content through OEM. The proportion of users working with embedded BI and analytics solutions has steadily increased in recent years but there is still room for growth.

“While several large vendors embed their own analytics products in their business applications portfolio, a number of smaller specialists are providing their solutions as OEM embedded in third-party business applications,” said Tischler. “This approach is increasingly being pursued as sophisticated BI functions are expected in most business applications today. For OEM-heavy vendors, packaging a solution with prebuilt content is a possible route to landing at important accounts and expanding beyond the initial scope of the solution.”

The BI & Analytics Survey 21 press release fig 3

Figure 3: Use of embedded analytics and BI over time (n=changing basis)

 

About The BI & Analytics Survey

The BI & Analytics Survey 21 (formerly known as The BI Survey) is the 19th edition of BARC’s major annual study into the selection and use of analytics and business intelligence tools. The findings are based on a worldwide survey of 2,591 software users, consultants and vendors, which was conducted from late February to early June 2020. It features current data on market trends as well as detailed analysis and comparison of 33 leading software products from 28 different vendors based on user feedback. The survey was renamed to “The BI & Analytics Survey 21” this year to reflect the stronger overall role that data and analytics now plays.

For more information, visit:
https://bi-survey.com/bi-survey-about

For aggregated product-related results and an online product comparison tool, visit:
https://bi-survey.com/business-intelligence-software-comparison

About BARC

BARC (Business Application Research Center) is one of Europe’s leading analyst firms for business software, focusing on the areas of data, business intelligence (BI) and analytics, enterprise content management (ECM) and customer relationship management (CRM). The company was founded in 1999 as a spin-off of the Chair of Business Administration and Information Systems at the Julius-Maximilians-University in Würzburg. Today, BARC combines empirical and theoretical research, technical expertise and practical experience, including a constant exchange with all market participants.

Contact

For further information, please contact:

Regina Schmidt
Communications Manager
Tel: +49 (0) 931 880651-47
Mobile: + 49 (0) 1520 431 82 39
E-Mail: rschmidt@barc.de