The Future of Reporting

Flexibility and Personalization Will Determine the Future of Reporting

PRESS RELEASE – WÜRZBURG, June 26th, 2019
BARC (Business Application Research Center) publishes its new study “The Future of Reporting”. The global user survey-based study looks at current technologies and trends in the reporting landscape of companies as well as future developments. In addition to the global study, a second version focuses on developments in the DACH region. Both are available free of charge thanks to sponsorship by BOARD, Cubeware, IBM, SAP, Tableau and Zoho.

Companies today have to react faster than ever to changes in the market in order to keep up with the competition. Correct decisions can only be made with the help of a solid data basis, and reporting plays a key role in the provision of data. Today, however, only a minority of companies regularly make decisions based on data.

“It is time to modernize today’s reporting landscape and make decisions based on relevant information rather than gut feeling,” said Robert Tischler, Managing Director of BARC Austria and co-author of the study.

Decentralization is the key to new insights

dissatisfaction with reporting

Figure 1: Top 4 most dissatisfying issues in reporting today (n=601)

Central data management and reporting are typically used to gain more control over corporate information. However, this control has a negative impact on the agility of departments. Almost a third of respondents (31%) are not satisfied with the way information is provided.

29% of users lack personalized content and active notification of relevant content. Users who work with predefined content need more flexibility in analysis and personalized content that is distributed through multiple channels.

More than a quarter (29%) of respondents say they are unable to respond to new developments and issues. But flexibility in reporting and BI is more critical than ever: it is the only way for companies to respond quickly to new customer demands, market developments and competitive pressures.

In addition to mastering the challenges of data management, BI managers must provide all business users with easy and fast access to data. Decentralized architectures and modern tools pave the way for rapid reaction to market changes. This enables users to quickly find, prepare and analyze relevant data.

Which measures are companies taking?

enterprise reporting distribution channels

Figure 2: What are the most important distribution channels and reporting types in your company today and in the future (n=603/602)

The improvement measures organizations have taken vary greatly between leaders and laggards. When comparing leaders with laggards, the most successful measures are clearly recognizable. Leaders invest heavily in data management and front-end issues. Almost half of all leaders (46%) have provided more users with self-service functions. This addresses one of the problems with which users are particularly dissatisfied – a lack of flexibility. On the other hand, only a quarter of all laggards (25%) have adopted this measure.

About “The Future of Reporting”

“The Future of Reporting” is a BARC user survey that addresses future developments in the field of reporting and business intelligence. It is based on a worldwide survey of more than 600 BI executives, developers and business users. It provides a user-based overview of the current status of reporting. In addition, the authors of the study, senior analysts Larissa Baier and Robert Tischler, provide well-founded insights into future developments, trends and challenges in corporate reporting.

Related links

About BARC

BARC (Business Application Research Center) is an enterprise software analyst and consulting firm with a focus on Analytics/Business Intelligence (BI), Data Management, Enterprise Content Management (ECM), Customer Relationship Management (CRM) and Enterprise Resource Planning (ERP). With experts in Germany, Austria and Switzerland, BARC supports clients in their software selection and strategy through specialist consulting, leading-edge research and a program of conferences and highly-focused seminars.

For further information or media enquiries, please contact:

Regina Schmidt
Communications Manager
Phone: +49 (0) 931 880651-0
Email: rschmidt@barc.de

Flexibility the Main Driver of Cloud Planning and CPM

PRESS RELEASE – WÜRZBURG, May 21st, 2019
The Business Application Research Center (BARC) publishes The Planning Survey 19, the results of its fifth annual worldwide survey of nearly 1,400 planning users, consultants and vendors.

Among the many interesting results uncovered by The Planning Survey 19, it is revealed that the main reason companies use cloud-based planning products is the desire for greater flexibility and elasticity (56%, see Figure 1).

“The level of use of planning and CPM systems is subject to strong seasonal variation. During budgeting and forecasting periods there is a high usage pattern, while the tools are used significantly less frequently at other times of the year,” explained Christian Fuchs, senior analyst at BARC and author of The Planning Survey 19.

Other compelling reasons for choosing a cloud-based planning product over an on-premises solution include ‘reduction of maintenance efforts for hardware and software’ (45%), ‘costs’ (32%) and ‘speed of implementation’ (26%).

Chart: What are the main reasons for using or wanting to use a cloud-based planning solution?

Figure 1: What are the main reasons for using or wanting to use a cloud-based planning solution? (n=425)

Predictive planning an important trend

For nearly two-thirds of the companies surveyed (64%), predictive planning and forecasting have high to very high relevance.

“Artificial intelligence (AI) and predictive technologies are major trends in almost all areas of the IT market right now,” said Fuchs. “So companies are naturally keen to exploit the potential of predictive functions in the area of planning and budgeting.”

Chart: How important or relevant are predictive planning and forecasting for your company?

Figure 2: How important or relevant are predictive planning and forecasting for your company? (n=1,133)

Benefits of specialist planning tools

‘Increased planning frequency’, ‘improved integration of different sub-budgets’, ‘improved integration of planning with reporting/analysis’, ‘better quality of planning results’ and ‘more precise/detailed planning’ are the benefits companies achieve most frequently through the use of their planning products (see Figure 3).

In contrast to the main benefits, ‘saved headcount’, ‘increased competitive advantage’ and ‘reduced costs’ are seen as relatively minor benefits for planners. “This is understandable. Even with the best planning products, planning requires a lot of effort for any company and the software can only support the process, not entirely automate it,” said Fuchs. “However, planning tools save a lot of time compared to other approaches, and the hours previously invested in manual efforts can be used for more value-adding activities. Planning products can bring about competitive advantage by offering deeper insights into data and being more agile, enabling companies to react to current and future developments in their businesses. It will be interesting to see how current trends such as artificial intelligence and predictive planning can help to automate budgeting and forecasting processes and free planners from repetitive routine tasks in the future.”

Chart: To what level have you achieved the following benefits with your product?

Figure 3: To what level have you achieved the following benefits with your product? (n=881)

About the study

The Planning Survey 19 is the fifth edition of BARC’s major annual study into the selection and use of planning tools. The findings are based on a worldwide survey of 1,367 planning users, consultants and vendors, which was conducted from November 2018 to February 2019. It features analysis and comparison of 22 leading planning products based on user feedback, as well as current data on market trends and the selection and use of planning tools. The survey raised €1,500 in aid of UNICEF as part of BARC’s pledge to give €1 per survey completion to charity.

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

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

About BARC
BARC (Business Application Research Center) is an enterprise software analyst and consulting firm with a focus on Analytics/Business Intelligence (BI), Data Management, Enterprise Content Management (ECM), Customer Relationship Management (CRM) and Enterprise Resource Planning (ERP). With experts in Germany, Austria, Switzerland and the United Kingdom, BARC supports clients in their software selection and strategy through specialist consulting, leading-edge research and a program of conferences and highly-focused seminars.

For further information or media enquiries, please contact:

Nikolai Janoschek
Head of Market Research
Phone: +49 (0) 931 880651-0
Email: njanoschek@barc.de

Carsten Bange, BARC CEO

Successful Management Buy-Out: Carsten Bange Regains Ownership of BARC

PRESS RELEASE – WÜRZBURG, May 14th, 2019
As part of a management buy-out, founder Carsten Bange takes over the analyst firm BARC (Business Application Research Center) again. With this step, BARC strengthens its role as an independent expert for data and analytics, corporate performance management and enterprise software.

Carsten Bange founded BARC in 1999 and has been the company’s managing director ever since. In 2011 BARC was integrated into the Franco-German analyst group CXP. Following the entry of a new majority shareholder in 2017, CXP’s strategic orientation changed. The analyst group, now known as “teknowlogy Group”, is strategically focused on the development of its SITSI program and associated consulting activities for IT service companies, as well as “myteknow”, a new content platform for IT strategy.

In light of this change in strategy, BARC Managing Director Carsten Bange is buying back the BARC Group – with companies in Germany, Austria and Switzerland and more than 50 employees – as part of a management buy-out.

“We can look back on eight years of close and successful partnership. BARC will continue to work with teknowlogy Group to bring studies and expertise to data & analytics and performance management. At the same time, as an independent analyst house, we can provide our clients with know-how via our studies, advisory, training and events”, explained Bange.

For twenty years, BARC has been helping its clients make confident decisions for the digital future of their businesses. “Sound knowledge of market development is the foundation for goal-oriented consulting in projects and the implementation of market-leading conferences and community events,” said Bange. “BARC customers benefit from the breadth and depth of our expertise in driving efficiency through software and the values we live and breathe in an owner-managed medium-sized company: integrity, customer orientation and quality.

Carsten Bange, BARC CEO and Founder

 

For further information or media enquiries, please contact us:

Phone: +49 (0) 931 880651-0
Email: info@barc.de

Data Monetization

BARC Survey Finds Data Monetization Is In The Early Stages of Adoption But Is Expanding

PRESS RELEASE – WÜRZBURG, April 23rd, 2019
The Business Application Research Center (BARC) publishes “Data Monetization – Use Cases, Implementation and Added Value”, the results of a survey sponsored by Tableau examining current approaches to data monetization in European companies.

17 percent of companies have established data monetization initiatives, a further 12 percent are currently building prototypes and another 10 percent are still developing concepts, according to new research from BARC. Large companies from retail, services, finance and banking are leading the way and, in general, data monetization is principally being implemented by larger companies. 25 percent of large companies and 23 percent of larger medium-sized companies responding to the survey have already launched data monetization products. In contrast, only 9 percent of small and 13 percent of small to medium-sized companies have already done so.

Data Monetization press release - Chart 1

Figure 1: Is data being monetized in your company? (n=200)

 

“Companies still have the opportunity to secure a competitive edge by engaging in data monetization”, said Sebastian Derwisch, BARC analyst and author of the report. “Our results show there is value in data monetization, but management needs to give priority to these initiatives. Therefore, data monetization projects must be tied to business goals and strategy.”

Providing results for process improvement is the main way to monetize data

Providing analysis results is the most common form of monetizing data. 40 percent of survey participants employ this type of data monetization, whereby data analytics is involved. The provision of data via reporting and benchmarking is almost as important (37 percent). Less common methods include establishing digital platforms (22 percent), extending existing products (17 percent), providing new services (16 percent) and building new business models based on data (6 percent).

Data monetization occurs mainly via the distribution of analysis results and through reporting and benchmarking. Fewer companies establish digital platforms, enhance existing products with new services or create new business models.

“The main focus is on the internal distribution of results as external data monetization is more complex, requiring companies to rethink business models”, commented Derwisch. “Furthermore, the higher standards of data quality and security required for external data monetization may be seen as a barrier.”

Data Monetization press release - Chart 2

Figure 2: How does your company monetize or plan to monetize data? (n=137)

 

Benefits of data monetization are tangible 

Data products can bring a broad range of benefits, from new revenue sources to a better understanding of customers and product improvements. New revenue sources are the most prevalent benefit of data products, reported by 69 percent of respondents. For 66 percent, the provision of new services is a benefit, and improved customer loyalty is cited by 63 percent of participants. Internal provision of the results of data analysis is a motivation for data monetization for more than half of respondents (59 percent), as is the internal provision of data and benchmarks (53 percent). Better insight into customers and improved customer experience – for example by personalization – is achieved by about 50 percent of participating companies. Generating new data is only viewed as a benefit by 38 percent, and binding partners and suppliers by 31 percent.

Data Monetization press release - Chart 3

Figure 3: Which benefits have you achieved by monetizing data? (n=32) 

 

About ‘Data Monetization – Use Cases, Implementation and Added Value’

‘Data Monetization – Use Cases, Implementation and Added Value’ is a survey-based study offering insights into how European companies are approaching data monetization. The online survey was carried out in October and November 2018, attracting 200 participants from a wide range of company sizes and industries. The full study is available free of charge thanks to sponsorship from Tableau. On completion of a short registration form, it can be downloaded from the Tableau website. BARC and Tableau will be presenting the survey results in a series of webinars in English, German and French on June 4th. For further information, visit: www.tableau.com

About BARC – Business Application Research Center – a teknowlogy Group company

The Business Application Research Center (BARC) is an enterprise software analyst and consulting firm with a focus on Analytics/Business Intelligence (BI), Data Management, Enterprise Content Management (ECM), Customer Relationship Management (CRM) and Enterprise Resource Planning (ERP). Along with Ardour, Le CXP and PAC, BARC forms part of teknowlogy Group – the leading independent European research and consulting firm in the fields of digital transformation, software and IT services with a network of 155 experts in eight countries.

For further information or media enquiries, please contact:

Nikolai Janoschek
Head of Market Research
Phone: +49 (0) 931 880651-0
Email: njanoschek@barc.de

Advanced Analytics Survey 19 cover

Ease Of Use Named The #1 Priority For Advanced Analytics Software Buyers

PRESS RELEASE – WÜRZBURG, March 20th, 2019
The Business Application Research Center (BARC) publishes “The Advanced Analytics Survey 19”, the results of a global survey into the selection and use of advanced analytics, data discovery and data preparation software.

Ease of use is the top buying criterion for companies evaluating advanced analytics software, according to new research from BARC. 52% of companies responding to BARC’s recent survey cited ease of use for data scientists as a reason for choosing their software while 51% were swayed by ease of use for business analysts. Other important considerations for software buyers are coverage of specific requirements (46%), code-free environment (39%) and performance (36%). Buyers are much less concerned about their software’s data governance features and concept (12%).

Advanced Analytics Survey 19 press release Figure 1

Figure 1: Why did you choose your current software?

“Analytics software users are a diverse group, ranging from highly technical data scientists and machine learning engineers working on data analytics to business analysts focusing more on visual analysis and data exploration. This latter group – which has a preference for visual user interfaces rather than coding – is growing in importance”, said Sebastian Derwisch, BARC analyst and co-author of the report. “As a result, software vendors are striving to provide code-free user interfaces and user guidance to make analytics as accessible as possible to users in the line of business.”

Benefits of open source vs. commercial software

The levels of benefits achieved by open source users and commercial software users are generally comparable but with some notable exceptions. 48% of users of commercial analytics software achieve increased transparency of data usage to a high degree while the corresponding figure in the open source community is only 36%. Increased employee satisfaction is also felt more acutely among commercial software users.

A reduction in costs is only achieved to a high degree by a third of open source users. “Considering that open source software comes for free, it is surprising that reduced costs are not achieved more frequently”, commented Derwisch. “This would indicate that the operation and maintenance of open source software may require extra effort. Another explanation could be that data scientists skilled in open source languages are thin on the ground and cost more to employ.”

Advanced Analytics Survey 19 press release Figure 2

Figure 2: To what level have you achieved the following benefits with your open source software?

Advanced Analytics Survey 19 press release Figure 3

Figure 3: To what level have you achieved the following benefits with your commercial software?

Open source strong on functionality, commercial software has the edge in other areas

71% of open source users rate their data preparation, visualization and machine learning functionality as excellent. This is significantly higher than the 35% of respondents who say the same of their commercial products. However, commercial software has the edge when it comes to governance, user guidance and collaboration. Only 52% of open source users rank their governance capabilities as excellent or good, compared to 69% of users of commercial products, and the corresponding figures for on-screen user guidance are 50% (open source) versus 79% (commercial).

Advanced Analytics Survey 19 press release Figure 4

Figure 4: Customer satisfaction with functionality of open source advanced analytics products

Advanced Analytics Survey 19 press release Figure 5

Figure 5: Customer satisfaction with functionality of commercial advanced analytics products

About The Advanced Analytics Survey 19

The Advanced Analytics Survey 19 is a new BARC research study focused on the advanced analytics, data discovery and data preparation software tools market. It is primarily based on a survey of 677 software users and consultants worldwide, and provides a wealth of feedback on software selection and usage patterns as well as comparative analysis of ten of the leading advanced analytics solutions on the market today. Click here for further information.

About BARC – Business Application Research Center – a teknowlogy Group company

The Business Application Research Center (BARC) is an enterprise software analyst and consulting firm with a focus on Analytics/Business Intelligence (BI), Data Management, Enterprise Content Management (ECM), Customer Relationship Management (CRM) and Enterprise Resource Planning (ERP). Along with Ardour, Le CXP and PAC, BARC forms part of teknowlogy Group – the leading independent European research and consulting firm in the fields of digital transformation, software and IT services with a network of 155 experts in eight countries.

For further information or media enquiries, please contact:

Nikolai Janoschek
Head of Market Research
Phone: +49 (0) 931 880651-0
Email: njanoschek@barc.de

teknowlogy Group logo with 4 brands

CXP Group Becomes teknowlogy Group

teknowlogy Group logo with 4 brands

 

 

 

 

PRESS RELEASE – PARIS, November 19, 2018

As of today, CXP Group changes its name to teknowlogy Group. The purpose of this name change is to better reflect the company’s vision, values and strategy. teknowlogy Group is the leading independent European research and consulting firm in the fields of digital transformation, software and IT services.

The group is made up of four entities, CXP, PAC, BARC and Ardour, which work together and in a complementary way to offer their clients a 360° view of the markets in a spirit of partnership and shared vision. If these four brands have a strong individual value, bringing them together under the same banner, while keeping the DNA of each one, is a guarantee of the creation of a collective intelligence based on multiple experiences and expertise, as well as a methodological and agile way of working. “Since our strength comes from our complementarities and different perspectives and the group is stronger than the mere sum of its parts, we had to find a new name – unique, meaningful, supportive and unifying”, says Yannick Carriou, Chairman and CEO of teknowlogy Group.

At the heart of this new brand is knowledge (-know-), a fundamental and founding element of the group. Indeed, teknowlogy Group is a high value-added content company based on strong expertise, data, analysis and methodical organization (the suffix -logy comes from the Latin -logia, used in the names of sciences or bodies of knowledge). Yannick Carriou explains: “As all this applies to technology, the name became obvious! We are aware some of our clients might have problems spelling the new name at first, but it also gives us the opportunity to explain to them what the name stands for. This small ‘orthographic hurdle’ also reflects our desire to be unique, to offer something special.”

But not only the name has changed. The group’s portfolio has been revised to include new products and services for IT software and service providers and end users.

About teknowlogy Group

teknowlogy Group is the leading independent European research and consulting firm in the fields of digital transformation, software, and IT services. It brings together the expertise of four research and advisory firms, each with a strong history and local presence in the fragmented markets of Europe: Ardour Consulting Group, BARC (Business Application Research Center), CXP and PAC (Pierre Audoin Consultants).

We are a content-based company with strong consulting DNA. We are the preferred partner for European user companies to define IT strategy, govern teams and projects, and de-risk technology choices that drive successful business transformation.

We have a second-to-none understanding of market trends and IT users’ expectations. We then help software vendors and IT services companies better shape, execute and promote their own strategy in coherence with market needs and in anticipation of tomorrow’s expectations.

Capitalizing on more than 40 years of experience, we operate out of seven countries with a network of 150 experts. For more information, please visit www.teknowlogy.com and follow us on on Twitter or LinkedIn.

For further information or media enquiries, please contact:

Yannick Carriou
Chairman and CEO, teknowlogy Group
Phone: +33 6 71 86 10 32
E-mail: ycarriou@teknowlogy.com

Wiebke Lörcher
Communications Manager, teknowlogy Group
Tel.: +49 (0)89 23 23 68 – 25
E-mail: wloercher@teknowlogy.com

BI Trend Monitor

Creating a Data-Driven Culture Is the Latest Trend in the Business Intelligence Market

PRESS RELEASE – WÜRZBURG, November 6th, 2018
The Business Application Research Center (BARC) publishes BI Trend Monitor 2019, a survey-based review of twenty of the key trends dominating today’s global business intelligence (BI) market, at its annual BI & Data Management Congress in Frankfurt this week.

Many organizations are now striving to become data-driven enterprises according to recent research by BARC. Despite featuring in BI Trend Monitor for the first time this year, data-driven culture was identified as the fifth most important trend in a survey of 2,679 BI users and consultants. A marked regional variation in survey responses reveals that organizations in the Americas attach far more importance to this trend than European companies. In fact, North American companies vote it as their number one trend and South American respondents make it their number two trend.

Importance of BI trends

Figure 1: Importance of BI trends from “not important at all” (0) to “very important” (10), n=2679

“This represents a major shift in today’s business world”, said Carsten Bange, founder and CEO of BARC. “Creating a data-driven culture is about replacing gut feelings with decisions based on data-derived facts, be they simple key figures like revenue or profit, results from advanced analytics models, or even qualitative data. However, a data-driven culture should not be interpreted as blindly following numbers. It should encourage the advancement of data interpretation skills and critical thinking, which enables businesses to not only base their decisions on reliable data, but also to know when it is better not to do so.” 

Surging trends

Trends that have clearly increased in importance compared to last year include agile BI development and advanced analytics and analytics teams.

“While agile development has become a preferred development approach in the BI world, advanced analytics expresses the need for businesses to use data in a more beneficial way”, said Bange. “Also, advanced analytics includes machine learning, which is tightly interconnected to many hyped use cases in the sphere of artificial intelligence.”

Development of rankings of BI trends

Figure 2: Development of rankings of BI trends, n=2794/2772/2770/2679

GDPR’s enduring influence

Having risen in the rankings last year, data governance is voted as the fourth most important trend in BI for the second year in a row, and GDPR almost certainly has a bearing on this finding. Although data governance covers a much wider spectrum than ‘just’ providing data protection, its rising significance can also be traced back to an increase in data security awareness partially brought about by legislation. The impact of GDPR is being felt beyond the European Union where it was enacted. The new regulation covers the data protection and privacy of individuals in the EU but it affects businesses that deal with Europe all over the world. 

About BI Trend Monitor 2019

Based on data from a worldwide survey of 2,679 BI professionals, BI Trend Monitor is BARC’s annual assessment of the twenty most talked-about trends in the BI software market. Each trend is evaluated by company size, region, industry and according to the self-assessment of participating companies (“Best-in-Class” vs. “Laggards”). The full report is available free of charge thanks to sponsorship from Cubeware, Information Builders, TARGIT, Unit4 prevero and Yellowfin. For further information and to download BI Trend Monitor, visit:
http://barc-research.com/research/bi-trend-monitor/

About BARC – Business Application Research Center – a CXP Group Company

The Business Application Research Center (BARC) is an enterprise software analyst and consulting firm with a focus on Analytics/Business Intelligence (BI), Data Management, Enterprise Content Management (ECM), Customer Relationship Management (CRM) and Enterprise Resource Planning (ERP). Along with analysts CXP and PAC, BARC forms part of the CXP Group – the leading European group of analysts for enterprise software and IT services with staff in eight countries.

For further information or media enquiries, please contact:

Nikolai Janoschek
Head of Market Research
Phone: +49 (0) 931 880651-0
Email: njanoschek@barc.de

Sharp Upturn in Cloud BI Deployments in Last Two Years

PRESS RELEASE – WÜRZBURG, October 16th, 2018
According to The BI Survey 18, published this week by The Business Application Research Center (BARC), the popularity of cloud BI and BIaaS deployments has been one of the fastest moving trends since 2017. The BI Survey is the world’s largest annual survey of business intelligence (BI) software users. It measures trends and provides a detailed comparison of 36 leading BI products. For more information, visit www.bi-survey.com

31% of new BI deployments in the last two years have been on cloud-based platforms, compared to only 14% of BI projects undertaken more than two years ago. Of all the BI trends monitored in The BI Survey 18, cloud BI adoption has seen the sharpest upturn in the last two years. Visual analysis (68% within the last two years vs 58% over two years old) and mobile BI (37% vs 27%) are the next closest.

“We have seen a gradual increase in the overall number of cloud deployments over time, but the data since 2017 tells us just how popular cloud is right now”, said Carsten Bange, founder and CEO of BARC. “Although BI is behind the curve compared to the CRM market for example, several of the main BI vendors have now switched to a cloud-first strategy, which has clearly had an influence on the deployment option customers are choosing.”

BI Usage Trends 2017-2018

Figure 1: Use of BI capabilities – new BI investments vs. products purchased over 2 years ago


Why companies choose their BI product

Respondents’ top four reasons for purchasing a BI tool are flexibility, ease of use for report recipients, functionality and price-performance ratio. Since 2003, reasons to buy have remained pretty consistent, with most varying by less than ten percent in that time. Ease of use has varied the most, but in the past six years it has been consistent at around 40 percent. The largest recent fluctuation is functionality, which has decreased by over ten percent since 2016.

“This consistency indicates customers’ needs have changed little,” said Bange. “A fair price for a flexible and functional tool that is easy to use is what customers most want out of a BI product. Vendors understand this and often prioritize ease of use, functionality and flexibility during development. Microsoft’s aggressive pricing for PowerBI is putting a lot of pressure on other BI vendors, which is good news for customers since prices for BI tools with self-service capabilities are decreasing.”

Business intelligence penetration rate increasing slowly

The median percentage of BI users in companies taking part in The BI Survey has risen from 10% in 2014 to 13% in 2018. Further analysis reveals that companies claiming to have achieved the most benefit from their BI tools (“Best-in-Class”) have on average 9 percent more BI users than those achieving the least benefit (“Laggards”), suggesting that there is a relationship between the number of BI users and the degree of benefits an organization gains. This relationship should provide an incentive for businesses to maximize BI tool penetration and train as many employees as possible to use their BI tool. 

About The BI Survey

The BI Survey is BARC’s long-running annual survey-based study into the BI software market. It is based on user opinion about software selection, implementation and usage from over 3,000 BI professionals worldwide. Detailed feedback on 36 BI products is analyzed and compared. Visit https://bi-survey.com/business-intelligence-software-comparison to perform interactive, high-level product comparisons.

About BARC – Business Application Research Center – a CXP Group Company

The Business Application Research Center (BARC) is an enterprise software analyst and consulting firm with a focus on Analytics/Business Intelligence (BI), Data Management, Enterprise Content Management (ECM), Customer Relationship Management (CRM) and Enterprise Resource Planning (ERP). Along with analysts CXP and PAC, BARC forms part of the CXP Group – the leading European group of analysts for enterprise software and IT services with staff in eight countries.

For further information or media enquiries, please contact:

Nikolai Janoschek
Head of Market Research
Phone: +49 (0) 931 880651-0
Email: njanoschek@barc.de

BARC Score BI 2018 chart

BARC Score Enterprise BI and Analytics Platforms: A direct comparison of modern enterprise BI platform providers

PRESS RELEASE – Würzburg, July 16, 2018

The Business Application Research Center (BARC) has published the fourth edition of BARC Score Enterprise BI and Analytics Platforms. The independent consulting and analyst firm ranks 20 market-relevant, international providers of business intelligence (BI) and analytics platforms based on an extensive list of criteria, as well as user feedback.

BARC Score BI 2018 chart

Fig. 1: Positioning of providers in the BARC Score Enterprise BI and Analytics Platforms

Growth among the challengers

Several changes in the BI market over the last twelve months are reflected in this year’s BARC Score. OpenText has moved from the Specialists segment to the Challengers category. Having launched its Magellan product a year ago to address analytics requirements in particular, OpenText has also improved the integration between its existing products, which is reflected in a better rating.

The “golden mean” in the Challengers category remains very similar to last year, with representatives including providers such as Tableau, SAS, Hitachi Vantara, Infor, BOARD, TIBCO, TARGIT, Yellowfin, Dundas and Pyramid Analytics. The minimal change might give the impression that these providers have not developed any further functionally, but overall, it is evident that they have invested in areas such as data discovery and especially data preparation and modernizing their software.

Much more movement in the Market Leaders segment

Most of the movement in the Market Leaders segment has been on the market execution side. SAP and Microsoft are enjoying growing demand for their SAP Analytics Cloud and Power BI products, which is reflected in improvements for both. Providers such as IBM, Oracle, Information Builders, Qlik and MicroStrategy remain among the Market Leaders with their already broad product ranges, which have developed well, especially in the data discovery area. Movements on the market execution side are strongly influenced by customer satisfaction ratings from The BI Survey 18.

In the Specialists segment, Sisense is putting further investment into enhancing its web client with data management functions. Dimensional Insight is strengthening its offering for specific sectors, and has launched an interesting product with predefined content.

“With more than 400 providers of BI tools active in the German market alone, enterprises often struggle to identify strong BI platforms that match their needs. BARC Score Enterprise BI and Analytics Platforms offers valuable support in this regard”, said Larissa Baier, Senior Business Intelligence Analyst at BARC. “In the next few months it will be particularly fascinating to keep an eye on the development of the ‘golden mean’. But the movement in the Market Leaders section also promises to be interesting.”

Provider selection and evaluation criteria

Providers must fulfill a number of technical and commercial criteria to be included in BARC Score Enterprise BI and Analytics Platforms. They must cover four of the six product categories (formatted and ad hoc reporting, dashboarding, analysis, data mining, planning and self-service BI/data discovery), and achieve an annual revenue from licenses and maintenance of 15 million euros in at least two geographic regions. All global economic regions are considered, i.e., Europe, Middle East and Africa (EMEA), North America, Latin America and Asia/Pacific. Open source providers are evaluated according to their total revenue as they do not usually charge license fees.

BARC analysts rate each provider on “portfolio capabilities” and “market execution”. Analysis is based on detailed sub-criteria weighted by the analysts. Taken together, these sub-criteria determine the placement of each provider in the BARC Score ranking. For a quick overview, all providers, regardless of their overall rating, are included in the score graphic, where they are positioned across the following five categories: Dominators, Market Leaders, Challengers, Specialists and Entrants. For more information on BARC Score and the methodology behind it, see:
www.barc-research.com/barc-score.

The complete BARC Score document, which includes a characterization of each provider and a summary of their strengths and weaknesses, can be purchased from BARC here.

About BARC – Business Application Research Center – a CXP Group Company
The Business Application Research Center (BARC) is an enterprise software analyst and consulting firm with a focus on analytics/business intelligence (BI), data management, enterprise content management (ECM), customer relationship management (CRM) and enterprise resource planning (ERP). For over twenty years, BARC analysts have combined market, product and implementation expertise to advise companies and evaluate BI, data management, ECM, CRM and ERP products. A long-running program of market analysis and product comparison studies forms the basis of BARC’s comprehensive knowledge of all the leading software vendors and products, as well as the latest market developments and trends. Along with analysts CXP and PAC, BARC forms part of the CXP Group – the leading European group of analysts for enterprise software and IT services with staff in eight countries. For further information, visit www.barc-research.com, www.bi-survey.com and www.barc.de (in German).

For all enquiries, please contact:

Larissa Baier
Senior Analyst BI
Phone: +49 (0) 931 880651-0
Email: lbaier@barc.de

Peter Kretschmer
Head of Marketing
Phone: +49 (0) 931 880651-54
Email: pkretschmer@barc.de

Planning Survey 18 cover

Predictive Planning The Way Forward For Corporate Planners

PRESS RELEASE – Würzburg, May 14, 2018

New BARC research finds that predictive planning is the hottest trend in the planning software tools market in terms of planned adoption rates.

The Planning Survey 18, published today, is based on a survey of 1,465 planning users, consultants and vendors from 55 countries worldwide. It features analysis and comparison of 17 leading planning products based on user feedback, as well as current data on market trends and the selection and use of planning tools.

The most important trending topics in terms of planned adoption in the future are ‘predictive planning’ (50%), ‘integration of strategic and operational plans’ (44%) and ‘simulation and analysis of scenarios’ (44%). ‘Mobile BI/planning’, ‘planning in the cloud’ and ‘value driver-based planning’ trail some way behind (see Figure 1).

Next level of planning maturity
Advanced planning topics such as predictive planning, integrating long-term strategic planning with short-term operational planning and simulation/analysis of scenarios are gaining in importance as many companies strive to achieve the next level in planning maturity. Software vendors are also reacting to trends in the market, which propels these topics even further.

A better quality of extrapolations and simulations, the relief of planners through automated processes and easier identification and evaluation of drivers are the top three benefits companies expect from predictive planning and forecasting.

Christian Fuchs, head of BARC’s analytics and data management practice, said: “Artificial intelligence and predictive technologies are major current trends in almost all areas of the IT market so companies are naturally keen to exploit their potential in the area of planning and budgeting. In terms of automation, predictive planning does not have to replace human planners but can relieve them by calculating proposals for plan values that they can then adapt. In this way, planners stay involved in planning processes but are spared some of the routine tasks. The goal of predictive planning is to support rather than replace human planners.”

Planning Survey 18 press release figure 1Figure 1: Which of the following does your company do/use with your product for planning and budgeting? (n=856)

Buyers want flexibility and functionality
Flexibility and planning-specific functionality are the two main reasons why companies buy their planning products (see Figure 2). The third most popular reason is ‘coverage of reporting/analysis requirements’, showing that many companies are aware of the fact that the integration of planning with reporting, analysis and dashboards is a vital element in effective planning and therefore has to be considered in the software selection process.

Vendor-related reasons such as ‘good vendor relationship’ (8%), ‘corporate standard’ (10%), ‘size and financial stability of the vendor’ (10%) and ‘vendor or product reputation’ (13%) are now of minor importance for most companies selecting a planning product.

Planning Survey 18 press release figure 1Figure 2: Why was your product chosen? Specialized planning products (n=808) vs. Excel (n=171)

Excel still popular despite its limitations
Excel, which remains a widely used product for planning and BI all over the world, is rarely evaluated in a formal software selection process but is often chosen because it is available and users are already comfortable working with spreadsheets. Price-performance ratio is the top reason why companies choose Excel as their planning product (54%, see Figure 2) because in most cases it is already installed so no additional licenses need to be purchased. However, only 54% of users are satisfied with Excel as a planning tool, compared to 83% of users of specialized planning products (see Figure 3).

Planning Survey 18 press release figure 1

Figure 3: To what degree are you satisfied with your planning tool? Specialized planning products (854) vs. Excel (n=175)

“It is encouraging to find that many organizations are now choosing their planning tools for genuine product-related reasons such as flexibility and functionality instead of giving too much regard to vendor size or pre-existing supplier relationships,” said Christian Fuchs. “However, while it is true that Excel is already available in most companies so could be considered a cheap option, our experience tells us the increase in manual effort and problems with various aspects of planning that come hand-in-hand with Excel usually lead to higher total costs in the end.”

About the study
The Planning Survey 18 is the fourth edition of BARC’s major annual study into the selection and use of planning tools. The findings are based on a worldwide survey of nearly 1,500 planning users, consultants and vendors, which was conducted from November 2017 to February 2018. It features analysis and comparison of 17 leading planning products based on user feedback, as well as current data on market trends and the selection and use of planning tools. The survey raised € 1,500 in aid of UNICEF as part of BARC’s pledge to give € 1 per survey completion to charity.

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

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

About BARC – Business Application Research Center – a CXP Group Company
The Business Application Research Center (BARC) is an enterprise software analyst and consulting firm with a focus on analytics/business intelligence (BI), data management, enterprise content management (ECM), customer relationship management (CRM) and enterprise resource planning (ERP). For over twenty years, BARC analysts have combined market, product and implementation expertise to advise companies and evaluate BI, data management, ECM, CRM and ERP products. A long-running program of market analysis and product comparison studies forms the basis of BARC’s comprehensive knowledge of all the leading software vendors and products, as well as the latest market developments and trends. Along with analysts CXP and PAC, BARC forms part of the CXP Group – the leading European group of analysts for enterprise software and IT services with staff in eight countries. For further information, visit www.barc-research.com/.

For all enquiries, please contact:

Mark Handford
Research Analyst
Tel: +44 (0)1536 772 451
Email: mhandford@barc-research.com

Wiebke Lörcher
Communications Manager DACH
Phone: +49 (0) 89 232368-25
Email: wloercher@cxpgroup.com