Data, BI & Analytics Trend Monitor 2021 cover

Press Release: The Time Has Come for the Cloud

PRESS RELEASE – WÜRZBURG, November 11th, 2020

The analyst firm BARC publishes the Data, BI & Analytics Trend Monitor 2021 at this year’s Big Data & AI World Frankfurt online conference. 2,259 users were surveyed for the study, providing a comprehensive overview of the current trends in the global market for data management, BI and analytics. For the fourth year in a row, master data and data quality management is voted the number one trend. This year’s development towards the digital workplace has propelled the “Cloud” trend to its highest ranking to date. The full report is available as a free download.

Key findings

  • #1: “Cloud BI is now getting the attention it deserves,” says Dr. Carsten Bange, CEO of BARC. “Increased discussion about home offices and the digital workplace in society and politics is creating a positive climate and experience for the use of cloud applications. The main arguments in favor of BI solutions in the cloud are today’s increased requirements for flexibility and speed. New data and reports can be made available quickly to changing user groups.”
  • #2: Like last year, master data and data quality management, data discovery, data-driven corporate culture, data governance and self-service analytics are voted as the top five trends.
  • #3: “Attention is the new oil”: Alerting takes off as a new trend.

Data, BI & Analytics Trend Monitor 2021 cover

The new edition of the Data, BI & Analytics Trend Monitor 2021 is available for free, © BARC

Cloud on the rise

“Cloud BI is not a new trend, but this year we see it is finally reaching end users. We think this is at least partly due to the current coronavirus crisis,” says BARC founder and CEO Dr. Carsten Bange, explaining the rise of the cloud from 18th place last year to 14th place.

“Homeworking is currently the subject of much discussion in politics and society. The cloud plays a central role here as it allows flexible access to applications and data from any location. Furthermore, cloud applications can often be set up and implemented more quickly, which meets the rapidly growing need for speed and flexibility. More flexible billing models are also better suited to the uncertainty and unpredictability of these dynamic times. Cloud BI is now getting the attention it deserves.”

No major shifts despite coronavirus crisis

Despite the global changes due to the COVID-19 pandemic, the leading trends remain unchanged. Like last year, master data and data quality management, data discovery, data-driven corporate culture, data governance and self-service analytics are voted as the top five trends.

Data, BI & Analytics Trend Monitor 2021 changes

The comparison of rankings in the 2017, 2018, 2019, 2020 and 2021 editions,
n=2772/2770/2679/2865/2259, © BARC

“Business intelligence systems have played a central role in enabling decision-makers to quickly bring transparency to where and how the pandemic is affecting their business,” says Dr. Carsten Bange. “In addition, the rapid adaptation of scenarios and forecasts has been required as well as the creation of new reports and dashboards with new content. The five strongest trends are all vital to enabling companies to make data-driven decisions. This became more important in 2020 than ever before.”

Alerting – a new trend takes off

Among the newly added trends for 2021, respondents rated alerting as one of their top ten topics despite the tendency for new trends not to perform well in their first year in the Data, BI & Analytics Trend Monitor.

Dr. Carsten Bange explains this development: “Attention is the new oil: In a BI system, a great deal of data is presented in various reports and dashboards and users are sometimes overloaded with it. Our survey respondents obviously find it helpful for the system to actively point out what is important to users or what they should derive an action from. Software vendors are also making a lot of progress in this area.”

Data, BI & Analytics Trend Monitor 2021 trend rankings

The trends in the BARC Data, BI & Analytics Trend Monitor 2021, n=2,259, © BARC

About the Data, BI & Analytics Trend Monitor 2021

With 2,259 participants, BARC’s Data, BI & Analytics Trend Monitor 2021 is the largest global trend survey on analytics, business intelligence and data management. It offers a detailed evaluation and weighting of 20 individual trends by region, industry and self-assessment of the participating companies (“Best-in-Class” vs. “Laggards”). The complete study is available free of charge thanks to sponsorship by Alteryx, Cubeware, Information Builders and TARGIT.

Useful links

Further information about the Data, BI & Analytics Trend Monitor 2021
Download the full report
Infographic

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
Email: rschmidt@barc.de

The Future of Analytics cover

Press Release: Advanced Analytics Will Gain Traction – but Only if Data and Analytics Literacy Keeps Up

PRESS RELEASE – WÜRZBURG, October 29th, 2020

BARC (Business Application Research Center) releases the results of its new topical survey “The Future of Analytics”. The global survey gives insights into current use of advanced analytics and sheds light on its future development in terms of its role for companies, relevant user groups, processes and technologies. The study is available for download free of charge thanks to sponsorship by Dataiku, Qlik and Tableau.

Key findings

  • #1: Implementing analytics requires a mix of the right technology, education, strategy and internal marketing
  • #2: Automated machine learning and augmented analytics can support experts but will not replace data science teams in the future
  • #3: Data management and analytics literacy needs to be improved

Tools, skills and strategy drive advanced analytics forward

Although advanced analytics has been a hot topic for several years now, promoting it within the organization is the top priority for its successful use. 97 percent of survey respondents regard it as important to promote analytics, as well as data understanding and competence, within their company. Having the right tools for the right users is rated as the second most important requirement (95 percent).

aspects of advanced analytics

How important are the following points in the successful use of advanced analytics in your company? (n=298) © BARC

Another important point is the definition of a holistic data strategy. In terms of future investment priorities, improving data management is rightly seen as a top priority by 64 percent of respondents. “It is not surprising that improved data management is considered a success factor and an investment priority,” said Alexander Rode, Analyst and Data Scientist at BARC and co-author of this survey. “Advanced analytics requires access to data for entire new user groups, making new data sources accessible and establishing relationships between data beyond traditional data warehouse models.”

AutoML makes data scientists and business analysts more efficient – but won’t replace them any time soon

With automated machine learning applications (AutoML), mathematical models are trained, optimized and evaluated automatically on the basis of data selected by humans. More than 80 percent of respondents see AutoML solutions as a way to make business analysts and data scientists more efficient. But expert knowledge is still required to use these solutions and interpret results. While 79 percent of respondents see AutoML being increasingly used by data scientists, only 53 percent see business analysts, who often lack deep statistical knowledge, using these tools.

automated machine learning

To what extent do you agree with the following statements regarding automated machine learning (AutoML)? (n=277) © BARC

Only 20 percent anticipate that the roles of data scientist and business analyst will be replaced by automated machine learning solutions. “This makes sense as there are many analytical tasks that require human intervention, such as problem formulation, selection of the right method and error measure, and interpretation of results,” explained Rode. “Data science still requires human input on, for example, the definition of use cases, the evaluation of results and decisions about whether to operationalize a prototype and integrate solutions into the organization.” 

About the survey

The Future of Analytics” is a BARC market research study that examines the future prospects for the development of advanced analytics in terms of its role for companies, relevant user groups, processes and technologies. It is based on a worldwide survey of 317 companies of various sizes and industries. The authors of the study are BARC Analysts and Data Scientists Dr. Sebastian Derwisch and Alexander Rode.

Useful links

Further information about “The Future of Analytics” and to download the study
Infographic

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
Email: rschmidt@barc.de

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

Sound Decisions in Dynamic Times cover

Press Release: Fast Results Are a Must for Corporate Management

PRESS RELEASE – WÜRZBURG, September 29th, 2020

BARC (Business Application Research Center) today published the results of its topical survey “Sound Decisions in Dynamic Times – Forecasts and Simulations Support Modern Corporate Management”. The user survey of 275 companies examines how companies are adapting to an increasingly dynamic environment. The study is available for download thanks to sponsorship by Board, Corporate Planning, Cubeware, Jedox, OneStream and Unit4.

Key findings

  • #1: Static methods and outdated tools fail in a dynamic environment
  • #2: Forecasts are replacing classical budgeting as the central instrument for corporate management
  • #3: Simulations are the basis for the sound analysis and evaluation of action alternatives, opportunities and risks

Constant change is the only constant in volatile times

The dynamics to which companies are exposed are being massively increased, not least by the global COVID-19 pandemic. The rapidity with which COVID-19 has overturned many things previously considered safe has brought the challenges of dynamics, volatility and complexity painfully back into focus.

As expected, 89 percent of the survey participants confirmed that the dynamics in their field of business have increased in recent years. This applies generally to all company sizes and industries. Only a few organizations from the public sector reported a constant dynamic (23 percent). “Due to enormous upheavals in the markets, many established approaches to corporate management are coming under increasing pressure,” said Dr. Christian Fuchs, Senior Data & Analytics Analyst at BARC and co-author of the study.

Planning dynamics

Figure 1: How have the dynamics in your business field developed in recent years? (n=274) © BARC


Greater efficiency and effectiveness through acceleration, integration and automation

In order to withstand the increasing dynamics and pressure and remain capable of making decisions, half of the companies surveyed said they need to update their plans and forecasts more frequently. Many are therefore converting classic year-end forecasts to rolling forecasts (42 percent), which significantly improves their contribution to controlling.

The increased automation of forecasts is another means of enabling more meaningful simulations according to 43 percent. “Greater automation must always be critically examined, especially in the context of dynamics. While automation reduces reaction times and increases the transparency and consistency of results, it can also inhibit flexibility,” explained Robert Tischler, Senior Data & Analytics Analyst at BARC and co-author of the study. “Systems with sophisticated automation can therefore fail due to rapidly changing requirements. In practice, the solution for this is often found in Excel, which is not usually conducive to quality, efficiency and satisfaction.”

Dynamic planning measures

Figure 2: What measures are needed to align planning and forecasting to a more dynamic business environment? (n=275) © BARC

Dynamics describes the degree of change and increasing competitive pressure in markets. It is caused by innovation as well as changing social and political conditions. The development of highly dynamic markets is not fully predictable. Dynamics in markets have been rising for a long time and companies are feeling increasing pressure as a result.

About the survey

Sound Decisions in Dynamic Times – Forecasts and Simulations Support Modern Corporate Management” is a BARC market research study that addresses the current status of forecasts and simulations, and examines which measures need to be taken in order to use them effectively. It is based on a worldwide survey of 275 companies of varying sizes across all industry sectors. The authors of the study are Dr. Christian Fuchs and Robert Tischler, Senior Data & Analytics Analysts at BARC.

Useful links

Further information about “Sound Decisions in Dynamic Times – Forecasts and Simulations Support Modern Corporate Management”
Infographic

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
Email: rschmidt@barc.de

Data Management Survey 20 cover page

The Software Works Fine – Organizational Problems Are The Main Barrier to Effective Data Management

PRESS RELEASE – WÜRZBURG, September 24th, 2020

The analyst firm BARC published The Data Management Survey 20 today. The second edition of this annual study analyzes feedback from a survey of 782 professionals on the selection and use of data management software.

One in three companies claim to have no significant problems with their data management software and technological problems in general are rare. About one in ten bemoan overcomplexity in development and operation or inflexible licensing models. However, the most common problems reported by data management users are organizational in nature. 26% of survey respondents cite a lack of internal know-how as a problem. Organizational challenges and company politics are also experienced by 19% and 16% respectively.

“This comes as no great surprise,” said Timm Grosser, Senior BARC Analyst and author of The Data Management Survey 20. “In other BARC surveys, companies frequently complain of a knowledge gap and a lack of maturity. Building up the right skills seems to be a general issue, which for some companies cannot be fully addressed by external resources. After all, there is a lack of skilled workers in this market. Right now, there is clearly a discrepancy between the potential of software in principle and the added value that is being achieved with it in reality.”

Data management application areas

Figure 1: What, if any, are the most serious problems you have encountered in the use of your product? (n=609)
 

Customers use data management tools for classic business intelligence tasks – the adoption of trends is limited

The focus on business intelligence (BI) is clearly evident when looking at the tasks performed with data management tools. Data integration is performed by 61% of survey participants and BI/data warehousing by 59%.

“This may be due to a general BI focus in the panel of respondents or possibly a sign of the maturity level of participating companies,” said Grosser. “Alternatively, it could be interpreted that experience with technologies for data labs is not yet widespread. Our experience shows that some organizations are well aware of lab technologies, but there are still a lot of open questions relating to data science.”

37% of respondents use their technology for data warehouse automation (DWA). Regardless of whether a database, a data integration tool or a special DWA tool is used, the automation of data warehouse routine activities appears to be an important goal.

Comparing the opinions of user companies with those of software vendors, it seems that providers have a rather premature view of current customer requirements. Vendors tend to view their tools as being suitable in topical areas such as self-service analytics (39%), data discovery (38%) and even advanced analytics/machine learning/AI (37%) and data cataloging (32%). However, the latter two topics in particular are not yet on the agenda of users.

Figure 2: For which scenarios/application areas do you use your product? (n=630/87)

About the study

The Data Management Survey 20 is the second edition of BARC’s annual study of the data management software market. The study is based on a worldwide survey of 782 data management professionals, which addressed questions about their software selection, implementation and usage. Detailed feedback on 12 leading data management products is analyzed and compared.

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

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

Mark Handford
Tel.: +44 (0)1536 772 451
E-Mail: mhandford@barc-research.com

BARC Score Analytics for Business Users chart

Press Release: Analytics by and for Business Users for Fast Information Flow

PRESS RELEASE – WÜRZBURG, September 7th, 2020

Analyst firm publishes the first edition of ‘BARC Score Analytics for Business Users’

  • – For the first time, BARC evaluates 17 market-relevant platforms for self-service analytics
  • – Business users expect to be able to create everything from data source to dashboard in one integrated tool
  • – Comprehensive platforms can do more than specialized tools, but their usability needs to improve

The analyst firm BARC (Business Application Research Center) presents BARC Score Analytics for Business Users – Platforms for Governed Self-Service Analytics. This new report – written by BARC experts Robert Tischler, Larissa Baier and Dr. Carsten Bange – examines and compares 17 globally relevant manufacturers of self-service analytics platforms. The evaluation of these providers and accompanying analyst commentary are available now.

“We at BARC see that neither ‘centralistic’ BI suites nor isolated tools for data visualization fully meet the requirements of modern business management. BARC Score Analytics for Business Users addresses exactly this issue. We evaluate tools according to their flexibility for business users, their ease of use and their suitability for enterprise-wide use – for the democratization of data usage,” said author Robert Tischler.

Today’s business users expect maximum flexibility and – at the same time – support from professionals, especially for maintenance and operation. Modern platforms for analytics by business users must be very easy to use, but at the same time support the entire analytical cycle seamlessly within one tool. In order to securely share and reuse data sets and dashboards, a unified platform must be available – this is the only way to ensure that information can circulate quickly within the company and reach the relevant decision-makers at the right time, where it can then be used profitably. Access to important data without barriers is essential for the democratization of data use.

BARC Score Analytics for Business Users chart

Positioning of providers in BARC Score Analytics for Business Users 2020, © BARC

 

The first issue of BARC Score Analytics for Business Users examines the solutions of the following 17 market-relevant manufacturers based on their strengths and weaknesses: Domo, Dundas Data Visualization, IBM, Infor, Information Builders, Microsoft, MicroStrategy, Oracle, Pyramid Analytics, Qlik, SAP, SAS, Sisense, Tableau, ThoughSpot, TIBCO and Yellowfin.

For more information and to purchase the complete software evaluation, please visit:
http://barc-research.com/barc-score/barc-score-analytics-business-users/

About BARC Score

Since 2015, BARC has been classifying providers of business software in various market segments and economic regions. BARC analysts evaluate each vendor meeting a number of technical and financial criteria according to their “Portfolio Capabilities” and “Market Execution”. Behind these two dimensions lie detailed, weighted criteria that determine the placement of the vendors in the BARC Score chart. In addition, BARC draws on the results of user surveys such as The Planning Survey and The BI & Analytics Survey.

For a concise overview of the market, all vendors are classified in the BARC Score chart in one of five categories: “Dominators”, “Market Leaders”, “Challengers”, “Specialists” and “Entrants”. For more information on BARC Score and the methodology behind it, please visit:
www.barc-research.com/barc-score/.

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:

Mark Handford
Tel.: +44 (0)1536 772 451
E-Mail: mhandford@barc-research.com

powerBImap logo

BARC powerBImap Creates Transparency in the Market Around Microsoft Analytics

PRESS RELEASE – WÜRZBURG, August 3rd, 2020

New interactive tool and analyst market overview covers more than a thousand companies and products in the Microsoft Power BI ecosystem.

  • – BARC presents powerBImap, the comprehensive market overview around Microsoft Power BI
  • – In combination with analysts’ evaluations, powerBImap creates transparency in the rapidly growing ecosystem
  • – powerBImap is an integral part of the world’s largest survey on the use of BI and analytics tools, The BI & Analytics Survey

Valuable new resource

BARC’s powerBImap represents a valuable new resource around Microsoft Analytics. This new market overview for the fast-growing Microsoft Power BI ecosystem will initially appear in regional editions for the German-speaking market, North America and the Middle East. For the first time, an innovative form of visualization is used, the “Voronoi” Treemap, which enables users to search and select from a comprehensive database of hundreds of software providers and consulting companies on an interactive website.

“The core task of an analyst is to bring transparency to markets,” said BARC’s CEO, Carsten Bange. “The fast-growing market around Microsoft Analytics and Power BI offers many starting points for this. With the combination of classic analyst assessment in powerBImap and our interactive Treemap Browser featuring hundreds of solutions and service partners, we are able to help interested parties to get the best out of their investment.”

powerBImap is driven together with well-known industry experts Donald Farmer, the former “face of Microsoft BI” at Microsoft and VP for Strategy at Qlik, and Stefan Sexl, founder of one of the major European Power BI consultancies. “Microsoft is great at building strong ecosystems around their technologies,” said Donald Farmer. “Power BI is supported and extended by hundreds of companies around the globe, and this fascinating partner ecosystem is a major reason for the fast growth of the platform. With powerBImap, we help Power BI users to discover and combine the best add-ons and partners, but we also support the ecosystem in connecting with each other.”

powerBImap screenshot

The interactive powerBImap browser

Available online

The first edition of powerBImap is now available for the DACH market (Germany, Austria and Switzerland). Further regional editions will follow shortly. Thanks to the support of nine sponsors, powerBImap is now available free of charge as part of The BI & Analytics Survey. Formerly known as The BI Survey, it is the world’s largest survey on the use of BI and analytics tools.

Visit: www.bi-survey.com/powerbimap

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:

Mark Handford
Tel.: +44 (0)1536 772 451
E-Mail: mhandford@barc-research.com

BARC Score BI & Analytics Platforms 2020 chart

Vendors of Modern Enterprise BI & Analytics Platforms Continue to Invest in User Guidance, Machine Learning and Modernization

PRESS RELEASE – WÜRZBURG, June 29th, 2020

The analyst firm BARC publishes BARC Score Enterprise BI & Analytics Platforms 2020.

  • The sixth edition of BARC Score Enterprise BI & Analytics Platforms – BARC’s at-a-glance evaluation of market-relevant software vendors – is published today.
  • The market for enterprise BI & analytics platforms is growing – the 2020 edition includes two newcomers: Looker and Zoho.
  • Vendors continue to invest more actively in improving business user orientation and user guidance.
  • There is also increased investment in machine learning (ML) to support users, especially in data pre-processing and analysis. However, ML is hardly ever used to optimize/manage the platforms.

BARC Score evaluates and compares 22 vendors of modern enterprise business intelligence and analytics platforms active in the global marketplace. The chart and accompanying software evaluations by BARC experts Larissa Baier, Dr. Christian Fuchs, Patrick Keller, Robert Tischler and Dr. Carsten Bange are now available at www.barc-research.com/bi-score/.

“The market for enterprise BI & analytics platforms is broad and contains many strong solutions. In addition to new providers, a number of specialists are also expanding their product range and thus also managing to gain a foothold. The new BARC Score offers segmentation and assistance in software selection,” said Larissa Baier, BARC Analyst and Head of BARC Scores.

For years, business users in particular have been demanding improved usability and more functions in the analytics environment. All the providers featured in this BARC Score have invested in the improvement of business user orientation and user guidance. Trends such as Natural Language Query (NLQ) and Natural Language Generation (NLG) are intended to support business users in data analysis and interpretation. Business analysts can also increasingly benefit from analytical functions in data preprocessing and analysis. The longer-established solutions are currently undergoing modernization in terms of both user interfaces and architecture.

 

BARC Score BI & Analytics Platforms 2020 chart

Positioning of vendors in the BARC Score Enterprise BI & Analytics Platforms 2020 © BARC

The sixth edition of BARC Score Enterprise BI & Analytics Platforms examines solutions from 22 market-relevant vendors: Board International, Dimensional Insight, Domo, Dundas Data Visualization, IBM, Infor, Information Builders, Looker, Microsoft, MicroStrategy, OpenText, Oracle, Pyramid Analytics, Qlik, SAP, SAS, Sisense, Tableau, TARGIT, TIBCO, Yellowfin and Zoho.

Looker and Zoho appear in the BARC Score rankings for the first time this year, while Domo has moved from the Specialists to the Challengers segment since last year.

For further information and the complete software evaluations click here.

About BARC Score

Since 2015, BARC has been classifying providers of business software in various market segments and economic regions. BARC analysts evaluate each vendor meeting a number of technical and financial criteria according to their “Portfolio Capabilities” and “Market Execution”. Behind these two dimensions lie detailed, weighted criteria that determine the placement of the vendors in the BARC Score chart. In addition, BARC draws on the results of user surveys such as The Planning Survey and The BI Survey.

For a concise overview of the market, all vendors are classified in the BARC Score chart in one of five segments: “Dominators”, “Market Leaders”, “Challengers”, “Specialists” and “Entrants”. For more information on BARC Score and the methodology behind it, please visit:
www.barc-research.com/barc-score/.

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:

Mark Handford
Tel.: +44 (0)1536 772 451
E-Mail: mhandford@barc-research.com

BARC analyst Timm Grosser

The Data Management Survey 20 is Coming

BARC’s 2nd annual Data Management Survey will be published in September 2020. The field phase is over and it’s now my job to analyze & write up the results.

The Planning Survey 20 post

BARC Survey Reveals Big Increase in Use of Cloud Planning. Surge in Predictive Planning Expected.

PRESS RELEASE – WÜRZBURG, May 27th, 2020

The analyst firm BARC published The Planning Survey 20 today at its annual Digital Finance and Controlling conference, which is taking place online due to the Covid-19 crisis. This major study collates feedback from over 1,400 professionals on their use of software for planning and budgeting.

  • – The sixth edition of The Planning Survey is out now. With 1,400 respondents, it is the largest survey on the selection and use of planning software on the market.
  • – Survey results show that companies are increasingly focusing on planning in the cloud.
  • – Predictive planning and integration with BI and analysis functions are also increasing in popularity.

Cloud planning sees big increase

Use of cloud planning has jumped from just 8% of survey respondents in 2016 to 36% in 2020 (see Figure 1). The last two years has seen especially strong growth. Meanwhile, 51% claimed they saw no need for cloud-based planning in 2019, but that figure has dropped to 38% this year. Just 27% now have plans to use the cloud, among the lowest ‘planned’ rates this year (see Figure 2).

“For the first time, there are now more companies actually doing their planning with cloud-based software than those intending to do so in the future,” said Christian Fuchs, senior analyst at BARC and author of The Planning Survey 20. “Several purely cloud-based planning products have emerged in recent years, particularly in the United States, and some have already gained significant market share.”

Planning Survey chart: cloud usage 2016-2020

Figure 1: Planning in the cloud, 2016-2020, (n=various)

Surge in predictive planning expected

64% of respondents consider predictive planning and forecasting to be very important for their business. At present, it has been deployed in only 21% of the companies surveyed but a healthy 56% have plans to put it in place (see Figure 2). The main incentives of predictive planning are to achieve a better quality of extrapolations and simulations (cited by 53% of respondents), relief of planners (47%) and easier identification and evaluation of drivers (46%).

“Planning vendors are currently investing massively in the integration of statistical methods, machine learning and artificial intelligence to support their customers,” said Fuchs. “In the future, BARC expects to see ready-made solutions that are easy to understand and lead to reliable results. Less statistical know-how would be required to use them and the demand on resources would be reduced due to their prefabricated nature.”

Planning Survey 20 chart: trends adoption

Figure 2: Which of the following does your company do/use with your product for planning and budgeting? (n=893)

 

Buyers want flexibility and planning functionality, but integration with BI is also desirable

Flexibility and planning-specific functionality have been the two main reasons why companies buy their planning products over the last three years. But perhaps more interesting is the importance attached to reporting and analysis requirements (see Figure 3). This finding underlines the importance of integrating planning with classical business intelligence (BI) and analytics functionality such as reporting, analysis and dashboards.

“While planning is an important element of management control to align operational business with strategic corporate objectives, its success also depends on comprehensive analytics and BI functionality,” said Fuchs. “BARC has observed that the maturity level of integrated planning and analytics software has now reached a very high level, and it appears that many companies recognize the advantages of integrating the two areas, ideally within the same software product.”

Planning Survey 20 chart: Reasons why planning tools are bought

Figure 3: Why was your software product chosen? (n=904) © BARC

 

About the study

The Planning Survey 20 is the sixth edition of BARC’s major annual study into the selection and use of planning tools. The findings are based on a worldwide survey of 1,406 planning users, consultants and vendors, which was conducted from November 2019 to February 2020. It features analysis and comparison of 23 leading planning products based on user feedback, as well as current data on market trends and the selection and use of planning tools.

Useful links

About The Planning Survey 20
Aggregated product-related results and an online product comparison tool

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:

Mark Handford
Tel.: +44 (0)1536 772 451
E-Mail: mhandford@barc-research.com