The BI & Analytics Survey 24 cover page

Press release – Survey: Microsoft Power BI Dominates the BI & Analytics Market

PRESS RELEASE – WÜRZBURG, October 30, 2023

BARC presents The BI & Analytics Survey 24. The world’s largest survey on the use of business intelligence (BI) and data & analytics software is based on the responses of 1,500 participants from around the world, making it the most comprehensive and in-depth analysis of the current BI and analytics market. In its 22nd edition, the report highlights both the advantages and challenges of BI and analytics software. With an extensive examination of 21 software solutions, the survey provides a clear view of current market trends.

Robert Tischler, BARC Senior Analyst and author of the study, comments: “The survey results emphasize the importance for companies to make an informed decision when investing in BI and analytics software. There are significant discrepancies between the actual business benefits achieved and how they are prioritized in software selection. This starts with setting the ‘right’ priorities when choosing software. Our data clearly shows what to focus on to derive more benefits from data through BI and analytics.”

Dominance of Microsoft Power BI

Microsoft Power BI remains by far the most frequently evaluated software for BI & analytics. As Figure 1 shows, 72% of organizations that have purchased BI solutions in the last two years have evaluated the Microsoft self-service solution – an impressive increase of 14 percentage points over the previous two years. Tableau and Pyramid, ranked second and third, are still frequently considered. Interest in SAP Analytics Cloud has grown significantly (+7) while the importance of SAP BO is diminishing. In addition to established products, smaller vendors in the market are also seeing significant growth, as evidenced by the rise of Zoho Analytics, which was considered in 9% of all evaluations (+6).

Figure 1: Which BI and analytics products did your organization evaluate? Top 15, by products implemented in the last 2 years

Figure 1: Which BI and analytics products did your organization evaluate? Top 15, by products implemented in the last 2 years (n=1,145)

Purchase criteria for BI and analytics software

The comparison of purchase reasons for BI and analytics software with the actual benefits achieved offers an interesting insight. Companies that buy tools capable of processing large volumes of data without issues derive the highest value. Organizations prioritize “price-performance ratio” and “ease of use for report recipients” when purchasing software. However, in terms of their relevance for achieving benefits, both are ranked quite low at positions 10 and 11. Buyers should therefore focus more on product-related criteria than on cost considerations to secure long-term benefits. Similarly, user-friendliness for report designers should be prioritized over that for report recipients.

Figure 2: Comparison of reasons for software selection and benefits achieved

Figure 2: Comparison of reasons for software selection and benefits achieved (n=1,180) 

Choosing the right software is key to project success

The goal of many companies is to become more efficient and effective with BI and analytics software and make better decisions based on relevant and reliable data. The BI & Analytics Survey 24 confirms that in general the software delivers on this fundamental promise. A crucial aspect of BI and analytics adoption is choosing the right software. The market is dynamic and the differences between the products are often not immediately apparent.

The BI & Analytics Survey 24 emphasizes the importance of a thorough and comparative evaluation of products to achieve the greatest possible business benefit. Implementing and operating BI and analytics software is equally crucial. Effective collaboration between clients and providers, aligning the product with company needs and the availability of internal company resources are just some of the factors contributing to success. The complete study contains many detailed analyses, charts and analyst comments that illustrate the above points.

For more information, please visit:

The BI & Analytics Survey 24 – The Results
An overview and analysis of the most important product-related findings and topical results from The BI & Analytics Survey 24.

Best Practices
Provides advice to buyers of BI software as well as users and administrators of existing BI solutions based on the results of our analysis.

Sample, Products, Methodology and KPIs
Provides information about the sample and an overview of the survey methodology. It also includes descriptions of the KPIs we use in The BI & Analytics Survey, as well as details of our calculation methods.

Vendor Performance Summaries
A series of executive reports on each product featured in The BI & Analytics Survey 24. Each report contains a vendor and product overview by BARC’s analyst team plus a summary of the relevant product-related results from The BI & Analytics Survey.

About BARC

BARC is a leading analyst firm for data & analytics and enterprise software with a reputation for unbiased and trusted advice. Our expert analysts deliver a wide range of research, events and advisory services for the data & analytics community.

Our innovative research evaluates software and vendors rigorously and highlights market trends, delivering insights that enable our customers to innovate with data, analytics and AI.

BARC’s 25 years of experience with data strategy & culture, data architecture, organization and software selection help clients transform into truly data-driven organizations.

www.barc.com

Contact

For all enquiries and further information, please contact:

Axel Bange
Tel: +49 (0) 2331 356 93 95
Email: abange@barc.com

Press release – Generating Value with Data: World’s Largest Survey Reveals Data Management Trends

PRESS RELEASE – WÜRZBURG, October 19, 2023

BARC has released The Data Management Survey 24. Approximately 1,000 individuals from around the world participated in the largest survey of its kind. The findings offer detailed insights into current data management trends and how companies address their data-driven challenges and goals. Based on the responses, 21 software solutions were subjected to a thorough analysis.

The study shows that a significant portion of the respondents have use cases in areas such as data warehouse automation, data preparation, self-service analytics, data governance, data cataloging and data intelligence. The main benefits of data management, as cited by users, are “increasing value from data” (40% of respondents achieved this to a high degree) and “improved decision support” (39%).

Business benefits achieved through the use of data management software

Figure 1: Business benefits achieved through the use of data management software (n=664)

43% of those surveyed have not made significant – or any – cost savings from using data management software. The benefit of software, therefore, appears to be more in generating value from data, building trust in data and creating more efficient processes for the use and development of data. Hence, data management is recognized as a foundation for optimized data utilization.

Timm Grosser, author of “The Data Management Survey 24” and Senior Analyst at BARC, commented on the findings: “The results highlight the dynamic nature of the data landscape. They not only offer a roadmap for businesses but also underscore the paramount importance of aligning technology with clear business objectives. Sound data management can create measurable business value.”

Software market

The study also surveys participants about specific software usage. In software selection, Microsoft is most frequently mentioned as a contender in the software selection process. 31% of the vendor employees responding to the survey named the tech giant as one of their main competitors. In contrast, SAP, despite its widespread use, especially in German-speaking regions, is cited less frequently (15%). Through strategic acquisitions – for example, the data integration specialist Talend – Qlik has established itself as a significant player in data management. The portfolio of the original data visualization provider now spans areas such as data integration, data warehouse automation and governance.

Top competitors of data management vendors

Figure 2: Top competitors of data management vendors (n=94)

The survey also reveals changing trends in software purchasing. Whereas platform features were once very significant software selection criteria, support for use cases has become increasingly important today. This reflects a more harmonious understanding between IT’s grasp of business use cases and the actual needs of the business.

The insights from this survey paint a comprehensive picture of the current state of data management and serve as a guide for both companies and providers to shape their strategies and decisions in the future.

For more information, please visit:

About BARC

BARC is a leading analyst firm for data & analytics and enterprise software with a reputation for unbiased and trusted advice. Our expert analysts deliver a wide range of research, events and advisory services for the data & analytics community.

Our innovative research evaluates software and vendors rigorously and highlights market trends, delivering insights that enable our customers to innovate with data, analytics and AI.

BARC’s 25 years of experience with data strategy & culture, data architecture, organization and software selection help clients transform into truly data-driven organizations.

www.barc.com

Contact

For all enquiries and further information, please contact:

Axel Bange
Tel: +49 (0) 2331 356 93 95
Email: abange@barc.com

Boost Finance Productivity with Unified Performance Management

Press release – BARC Survey Shows How Finance Departments Benefit From Unified Performance Management

PRESS RELEASE – WÜRZBURG, October 16, 2023

Analyst firm BARC has released a study titled Boost Finance Productivity with Unified Performance Management based on a survey of 198 professionals about their experiences with performance management. The findings reveal how businesses, through thoughtful integration of performance management, can optimize the effectiveness of their finance departments and thereby gain a competitive edge.

A central focus of the study is on the standardization of performance management. Considering current challenges such as manual and error-prone data integration as well as data silos, the study provides not only deep insights into ongoing business initiatives but also practical recommendations and promising strategies for optimizing processes and software.

Robert Tischler, Senior Analyst at BARC, comments on the publication: “Standardizing performance management helps many companies to strengthen their finance departments. This aids in overcoming the challenges of data integration, data silos and outdated software solutions. Our study emphasizes the pivotal importance of strategy, technology and integration in promoting a stable, error-resistant and flexible performance management system, which lays the groundwork for informed, data-driven decisions.”

The key findings include:

  • –– Corporate planning and management reporting play a primary role as cornerstones of corporate governance and are processes that constantly require optimization and adaptation to new market demands.
  • –– Despite their high relevance, many companies still use inadequate or outdated software. Particularly in dynamic times, effective performance management is crucial, and only an integrated performance management system can provide current and reliable information for critical decisions.
  • –– Companies are investing in the optimization of their performance management and are implementing extensive measures for better integration and standardization of software and processes.

The study provides businesses with a clear overview of the current trends, challenges and opportunities for success in standardizing performance management. Furthermore, it serves as a guide for the often-complex processes of data integration, software selection and strategy development in the realm of performance management.

The full report is available for download free of charge thanks to sponsorship by Board, OneStream and Wolters Kluwer | CCH® Tagetik.

Click here for more information and to download the study.

About BARC

BARC is a leading analyst firm for data & analytics and enterprise software with a reputation for unbiased and trusted advice. Our expert analysts deliver a wide range of research, events and advisory services for the data & analytics community.

Our innovative research evaluates software and vendors rigorously and highlights market trends, delivering insights that enable our customers to innovate with data, analytics and AI.

BARC’s 25 years of experience with data strategy & culture, data architecture, organization and software selection help clients transform into truly data-driven organizations.

www.barc.com

Contact

For all enquiries and further information, please contact:

Axel Bange
Tel: +49 (0) 2331 356 93 95
Email: abange@barc.com

The Planning Survey 23 cover

Press release – Cloud-Based Planning on the Rise: Global Survey Reveals Usage Trends

PRESS RELEASE – WÜRZBURG, June 7, 2023

The leading analyst firm BARC presents the results of The Planning Survey 23. The ninth edition of the annual study gathers the experiences and opinions of over 1,300 professionals regarding the selection and use of software for planning, budgeting and forecasting.

  • –– The Planning Survey 23 is based on feedback from over 1,300 professionals worldwide.
  • –– Key trends in enterprise planning: integration of planning with analytics and adoption of cloud-based planning
  • –– Many companies face challenges implementing predictive planning.

“The survey results underline the increasing importance of integrating planning with analytics and the growing adoption of cloud solutions. At the same time, the use of predictive planning still presents challenges. These findings provide valuable insights for companies looking to optimize their planning and forecasting processes,” commented Dr. Christian Fuchs, Senior Analyst at BARC and co-author of the study.

The Planning Survey 23 highlights three key trends that are significantly shaping the development of software for enterprise planning:

Trend 1: Integration of planning with analytics

The integration of planning with analytics is becoming increasingly important. The market for software solutions is evolving as pure planning tools are being supplanted by comprehensive CPM platforms that also support analytics and corporate consolidation. Many companies still use separate software tools for their various performance management processes, which can involve extra effort and risks. An integrated approach addresses these issues and enables the seamless connection of operational sub-plans with financial planning and corporate consolidation. Companies with merged controlling and accounting teams, as well as aligned structures and processes, benefit particularly from this integration.

Adoption of trend technologies 2016-2023

Figure 1: Adoption of trend technologies 2016-2023
2016: n=573, 2017: n=1,169, 2018: n=812, 2019: n=932, 2020: n=908, 2021: n=884, 2022: n=832, and 2023: n=783,
Source: The Planning Survey 23, Copyright: BARC

 

Trend 2: Adoption of cloud-based planning solutions

The adoption of cloud-based planning solutions continues to progress. Today, new implementations are predominantly cloud-based. Reasons for this include increasing cost pressures, the efficient processing of large volumes of data, flexibility, scalability and a lack of IT resources within organizations. Cloud-based solutions can be quickly implemented, leading to positive time-to-value. Companies with globally distributed users are especially likely to benefit from cloud deployments as they enable web-based access from anywhere in the world and can better handle seasonal peaks in workload. The maintenance of SaaS-based solutions is handled by the provider, which is especially attractive for companies with limited IT resources.

Trend 3: Disillusionment with predictive planning

Although predictive planning software is progressing, potential buyers remain cautious. Often, the required historical data foundation is lacking in quality or completeness, which causes complications. Companies face the challenge of preparing and improving their data foundation to fully leverage the potential of this technology.

Figure 2: What challenges do you see in the use of predictive planning and forecasting in your company?
2018: n=1097, 2019: n=1055, 2020: n=1100, 2021: n=696, 2022: n=620, 2023: n=634
Source: The Planning Survey 23, Copyright: BARC

 

About the study

The Planning Survey 23 is the ninth edition of BARC’s annual study on the selection and use of planning software. The results are based on a global survey of 1,321 planning users, consultants, and vendors conducted from November 2022 to February 2023. The study includes a comparison of 19 leading planning solutions based on user feedback about their selection and use, as well as current data on market developments. As in previous years, BARC pledged €1 for each completed survey. This year, a donation of €1,350 is being made to WeForest, a climate change non-profit.

For more information, please visit:
About The Planning Survey 23

Aggregated product-specific results and an online product comparison tool can be found at:
Comparison of the Best Planning and Budgeting Tools of 2023

About BARC

BARC is a leading analyst firm for data & analytics and enterprise software with a reputation for unbiased and trusted advice. Our expert analysts deliver a wide range of research, events and advisory services for the data & analytics community.

Our innovative research evaluates software and vendors rigorously and highlights market trends, delivering insights that enable our customers to innovate with data, analytics and AI.

BARC’s 25 years of experience with data strategy & culture, data architecture, organization and software selection help clients transform into truly data-driven organizations.

www.barc.com

Contact

For all enquiries and further information, please contact:

Axel Bange
Tel: +49 (0) 2331 356 93 95
Email: abange@barc.com

Data Mesh study

Press release – Data Mesh Principles Gaining Traction According to New BARC Study

PRESS RELEASE – WÜRZBURG, May 10, 2023

BARC, the leading enterprise software analyst, has published a new study exploring the viability of data mesh as a sustainable approach to data responsibility in the business. The study, entitled “Data Mesh: Game Changer or Just Hot Air?” delves into the role of decentralized data ownership, treating data as a product, self-service empowerment, federated data governance, and the understanding and appreciation of data mesh principles.

  • –– BARC’s study examines data mesh as a sustainable approach to data responsibility in business.
  • –– The study suggests a shift towards more decentralized data ownership in business domains for scalability, flexibility and agility.
  • –– Data mesh principles are currently being adopted by many organizations and should be evaluated for applicability in data and analytics landscapes.

How relevant is the data mesh concept for your company?

How relevant is the data mesh concept for your company?
(Source: BARC Survey “Data Mesh: Game Changer or Just Hot Air?”, n=293)

 

Shift towards decentralized data ownership

According to the study, executives believe that centralized data teams will not meet future data and analytics requirements, and the shift towards more data ownership in business domains is already underway. The study recommends more decentralized data ownership in business domains to ensure scalability, flexibility and agility. Central data teams will take on a new, critical role as advisors, ensuring the availability and stability of the data and analytics platform.

The study emphasizes the importance of treating data as a product, especially when it is a revenue driver. Data products should be valuable, feasible and desirable, adhering to a set of usability characteristics determined by data product consumers. The study also highlights the need to empower business users to perform their data and analytics tasks through a self-serve data platform.

Federated data governance and data intelligence

The study finds that federated data governance is on the rise, and the purely centralized governance concept is reaching its limits. While the issue of data governance is being tackled in a range of different ways, central and federated approaches are currently much more popular and successful than local ones.

The study concludes that the data mesh concept addresses some highly relevant areas, and its principles are currently being adopted by many organizations, regardless of whether they call them ‘data mesh’ or not. Companies are encouraged to evaluate the applicability of data mesh principles to their current data and analytics landscape and organization.

Finally, the study highlights that data intelligence is the key to success, and 80 percent of study participants are planning a data intelligence initiative or are already implementing one. Data intelligence leverages metadata to ensure efficient and effective collaboration between data product owners and data consumers, and platforms that support data intelligence provide the source for the federated computational governance propagated in the data mesh concept.

Click here to learn more about the survey results and study recommendations. It is available as a free download thanks to sponsorship from Denodo and One Data.

About BARC

BARC is a leading analyst firm for data & analytics and enterprise software with a reputation for unbiased and trusted advice. Our expert analysts deliver a wide range of research, events and advisory services for the data & analytics community.

Our innovative research evaluates software and vendors rigorously and highlights market trends, delivering insights that enable our customers to innovate with data, analytics and AI.

BARC’s 25 years of experience with data strategy & culture, data architecture, organization and software selection help clients transform into truly data-driven organizations.

www.barc.com

Contact

For all enquiries and further information, please contact:

Axel Bange
Tel: +49 (0) 2331 356 93 95
Email: abange@barc.com

Press release – Enterprise BI & Analytics Platforms: Mergers & Acquisitions Shake Up the Market

PRESS RELEASE – WÜRZBURG, April 28, 2023

BARC Score Enterprise BI & Analytics Platforms 2023 published

Today, analyst firm BARC has released BARC Score Enterprise BI & Analytics Platforms for the year 2023. This BARC Score evaluates and compares the 21 most important global manufacturers of modern enterprise business intelligence (BI) & analytics platforms.

According to the new BARC Score, the market for enterprise BI & analytics platforms is highly dynamic. Many specialized tools are offering broader feature sets and are maturing into modern and comprehensive enterprise BI & analytics platforms to meet user demand for openness, versatility and usability.

At the same time, established providers are modernizing their platforms by adding features such as active user guidance through artificial intelligence and machine learning (“Augmented Analytics”) for greater efficiency and effectiveness in data usage. Manufacturers are finding and occupying niches by linking their BI & analytics solutions with pre-systems and creating predefined solutions for specific industries or topics.

More than in previous years, the market is showing a lot of dynamism due to mergers and acquisitions, spin-offs and similar market activities. These are significantly affecting the offerings and evaluation of some of the providers in this BARC Score.

21 leading manufacturers of BI & analytics platforms evaluated

This is the ninth edition of BARC’s evaluation of the leading manufacturers of modern BI & analytics platforms. A graphical overview of the market and reviews of the 21 software providers are now available here.

BARC Score Enterprise BI & Analytics Platforms 2023

BARC Score Enterprise BI & Analytics Platforms 2023
(Journalists can request the unredacted graphic by emailing abange@barc.de)

“This year, we observed several strategic changes in direction among BI & analytics providers that affected our assessment. Many providers are revising their strategy and precisely defining which customers and use cases they want to serve and which they are no longer actively pursuing,” commented BARC Senior Analyst and Head of Scores Larissa Baier.

“For buyers of a BI & analytics platform, it is essential to carefully examine the impact of acquisitions and strategic changes on the further development of the tools they are evaluating. As always, in addition to provider-specific considerations, individual requirements for the planned use cases that a modern BI & analytics platform ought to serve should be considered first,” added Robert Tischler, Senior Analyst at BARC and co-author of the report.

BARC Score Enterprise BI & Analytics Platforms examines the solutions of the following 21 internationally relevant manufacturers: Amazon Web Services (AWS), Dimensional Insight, Domo, Google, ibi, IBM, insightsoftware, Microsoft, MicroStrategy, Oracle, Pyramid Analytics, Qlik, SAP, SAS, Sisense, Tableau, TARGIT, ThoughtSpot, TIBCO, Yellowfin and Zoho.

Further information on the new BARC Score can be found at:
www.barc-research.com/barc-score/bi-score/

About BARC

BARC is a leading analyst firm for data & analytics and enterprise software with a reputation for unbiased and trusted advice. Our expert analysts deliver a wide range of research, events and advisory services for the data & analytics community.

Our innovative research evaluates software and vendors rigorously and highlights market trends, delivering insights that enable our customers to innovate with data, analytics and AI.

BARC’s 25 years of experience with data strategy & culture, data architecture, organization and software selection help clients transform into truly data-driven organizations.

www.barc.com

Contact

For all enquiries and further information, please contact:

Axel Bange
Tel: +49 (0) 2331 356 93 95
Email: abange@barc.com

Data Warehouse and Data Vault Adoption Trends

Press release – Data Warehouse and Data Vault – New Study Reveals Trends in Usage

PRESS RELEASE – WÜRZBURG, April 27, 2023

Modeling, modernization, and automation are central themes of a new BARC Topical Survey that examines current trends in the use of Data Warehouse and Data Vault. The study, “Data Warehouse and Data Vault Adoption Trends“, was authored by Eckerson Group in collaboration with BARC and is based on the results of a global survey of 238 data and analytics experts.

The study highlights the dominant position of the Data Warehouse in today’s analytics landscape, with most companies still using it for the analysis of business-relevant data. The study also reveals that Data Warehouse users have adopted additional platforms such as Data Lake and Lakehouse. However, data quality problems and cumbersome manual processes remain a challenge for many companies.

Herbert Stauffer, co-author of the study and Senior Analyst at BARC, commented: “Our survey shows that the Data Warehouse still plays a central role in the modern analytics environment. However, the Data Warehouse is not a single point of truth, and it is usually used in conjunction with one or more other environments. Companies should improve their data quality and automation practices to fully leverage the potential of their data.”

Kevin Petrie, co-author of the study and VP of Research at Eckerson Group, added: “Data practitioners should study our findings to learn from the practices of best-in-class companies. For example, best-in-class companies continue to expand the role of the data vault in their environments.”

What is the level of automation based on commercial tools vs. homegrown scripts?

What is the level of automation based on commercial tools vs. homegrown scripts? (n=76, Copyright: BARC)

The study recommends that companies focus on fundamentals such as data quality, user-friendliness, analytics performance, and data governance. Companies should use commercial automation tools instead of self-developed scripts to improve data quality and standardize and reuse tasks. In addition, the study encourages companies to learn more about Data Vault and its benefits.

According to the study, best-in-class companies are leading the way in using Data Vault. Although the use of Data Vault lags behind alternative approaches such as Third-Normal-Form and Star-Schema, many best-in-class companies are adopting Data Vault and planning to expand its use. The study provides insights into how these companies selected Data Vault, trained their teams on Version 2.0, and expanded its use.

The survey data was collected from December 2022 to January 2023. Survey participants came from companies of various sizes and industries. The study provides valuable insights for companies looking to improve their data modelling, modernization, and automation practices.

It is available as a free download thanks to sponsorship from 2150 Datavault Builders, Adnia, biGENIUS, Certus IRIS, Coalesce, ElleTech, Info-Via, Performance G2, SQL DBM, TimeXtender, Vaultspeed and Wherescape.

Click here to learn more about the survey results and study recommendations.

About BARC

BARC is a leading analyst firm for data & analytics and enterprise software with a reputation for unbiased and trusted advice. Our expert analysts deliver a wide range of research, events and advisory services for the data & analytics community.

Our innovative research evaluates software and vendors rigorously and highlights market trends, delivering insights that enable our customers to innovate with data, analytics and AI.

BARC’s 25 years of experience with data strategy & culture, data architecture, organization and software selection help clients transform into truly data-driven organizations.

www.barc.com

Contact

For all enquiries and further information, please contact:

Axel Bange
Tel: +49 (0) 2331 356 93 95
Email: abange@barc.com

Shawn Rogers

Press release – BARC Partners with Veteran Analyst to Expand North American Presence

PRESS RELEASE – WÜRZBURG, April 19, 2023

BARC announces a new strategic partnership with long-time industry veteran and analyst Shawn Rogers as a BARC fellow. This collaboration will add a dedicated US-based analyst to BARC’s worldwide market coverage, further enabling the company to grow its business across North American markets while building closer ties with its customers and prospects. For many years, BARC and Rogers have partnered on research, events and other business intelligence, analytics and data-focused industry projects.

Shawn RogersShawn Rogers brings over 28 years of international experience as an industry analyst, thought leader, speaker, author and instructor on data, business intelligence (BI), analytics, artificial intelligence (AI), machine learning (ML) and cloud technologies. His former analyst roles and executive strategy positions with enterprise software firms give him a unique industry perspective that will significantly benefit customers. Rogers is a published author and has co-written two industry-leading books, “Social Data Analytics” and the latest, “Analytics: How to Win with Intelligence.” He was recently named one of the Top 50 Global Thought Leaders on Analytics 2023 by Thinkers360.

“I am honored to be part of the BARC team and look forward to contributing to the company’s growth in the North American market. Together, we will continue to deliver valuable insights and innovative solutions to our clients,” stated Mr. Rogers.

The expanded investment by BARC in the North American market, which also includes a relaunch of its English language website www.barc.com (coming soon) will enable it to deepen ties with clients and prospects, increase its presence at events and programs, and deliver the BARC portfolio of research and events to the market.

Dr. Carsten Bange, CEO of BARC, shared, “We couldn’t be more delighted to welcome Shawn to the BARC team. His remarkable background as a thought leader and his vast industry knowledge will undoubtedly be a game-changer for our clients, enabling us to deliver even more valuable insights and innovative solutions to the North American market. We’re confident that Shawn’s contribution will help drive our continued growth and success in the region.”

About BARC

BARC is a leading analyst firm for data & analytics and enterprise software with a reputation for unbiased and trusted advice. Our expert analysts deliver a wide range of research, events and advisory services for the data & analytics community.

Our innovative research evaluates software and vendors rigorously and highlights market trends, delivering insights that enable our customers to innovate with data, analytics and AI.

BARC’s 25 years of experience with data strategy & culture, data architecture, organization and software selection help clients transform into truly data-driven organizations.

www.barc.com

Contact

For all enquiries and further information, please contact:

Axel Bange
Tel: +49 (0) 2331 356 93 95
Email: abange@barc.de

The State of ESG & Sustainability Reporting featured image

Press release – ESG Reporting: Tools, Standards & Challenges – Insights From New BARC Study

PRESS RELEASE – WÜRZBURG, April 18, 2023

  • – Highlight #1: Many companies refer to more than one ESG framework for their reporting.
  • – Highlight #2: The majority of companies have published their first ESG report.
  • – Highlight #3: ESG reporting is essential for maintaining a positive image and gaining stakeholder trust.

BARC has published a new study titled The State of ESG & Sustainability Reporting: Challenges, Tools and Outlook, offering insights into the challenges companies face in their ESG (Environmental, Social and Governance) reporting processes and the tools available to overcome these challenges. This study found that ESG reporting is essential for companies to maintain a positive image with stakeholders and gain their trust.

ESG reporting has become increasingly important as it is seen as a vital instrument to maintain a positive image with customers, employees and business partners. The study found that many businesses refer to more than one ESG framework in their reporting and often exceed the required minimum scope, making it a data and workflow-intensive challenge, especially for manufacturing companies and those with complex supply chains.

ESG reporting “a disruptive process”

According to co-author FH-Prof. Dr. Susanne Leitner-Hanetseder, “ESG reporting is a disruptive process, but necessary to gain the trust of stakeholders. Companies need to ensure their reporting is in line with the most relevant frameworks and standards and invest in the necessary resources and IT tools to make the process efficient.”

Stefan Sexl, co-author of the study, added: “The technical implementation of ESG reporting is a significant challenge and there is no market standard yet. Companies need to invest in the right tools and solutions to integrate their data and add ESG data to their reporting. The data sources required for ESG go far beyond those used in reporting to date.”

What are the most important drivers of ESG reporting in your company?

Figure 1: What are the most important drivers of ESG reporting in your company? “Good ESG reporting drives/improves our reputation with our customers”, by region (n=268, Copyright BARC 2023)

The study identified the following key findings:

  • – The European Sustainability Reporting Standards, Global Reporting Initiative (GRI) Standards and the IFRS Sustainability Disclosure Standards are the three frameworks and standards that are predominantly used to disclose ESG-related information.
  • – Many of the companies surveyed have already published their first ESG report, with those in North America or with more than 5,000 employees being the pioneers in this area.
  • – Sustainable customer branding is the main driver for ESG reporting. Compliance with legal standards and employer branding also play major roles.
  • – ESG reporting is usually anchored in the office of the CFO or a specialized ESG department, but it is also present in various departments, depending on the industry and size of the company.
  • – ESG reporting is a data-intensive task. The challenge of collecting data, especially for environmental KPIs, is often underestimated. Many companies recognize the need for improvement across all the process steps of ESG reporting.
  • – ERP and CPM systems, Word, Excel, and BI tools are used in combination with specialized solutions, often developed by start-ups, for the technical implementation of ESG reporting. There are significant differences in the priority of the tools used between Europe and North America.

The study concludes that ESG reporting is a complex and challenging process, but it is essential for companies to demonstrate their commitment to sustainability and social responsibility. The right tools and resources can make the process more efficient and effective, enabling businesses to gain a competitive advantage in the long run.

It is available as a free download thanks to generous sponsorship from Board, Jedox, Solitwork and Wolters Kluwer.

About BARC

BARC is one of Europe’s leading analyst firms for business software, focusing on the areas of data, business intelligence (BI) and analytics. The company was founded in 1999 as a spin-off of the chair of Business Administration and Information Systems at the University of Würzburg, Germany. Today, BARC combines empirical and theoretical research, technical expertise and practical experience, and a constant exchange with all market participants to provide market-leading research publications, events and advisory.

Contact

For all enquiries and further information, please contact:

Axel Bange
Tel: +49 (0) 2331 356 93 95
Email: abange@barc.de

BARC Score Integrated Planning & Analytics

Press release – Integrated Planning & Analytics Software Market Shows High Level of Maturity

PRESS RELEASE – WÜRZBURG, March 30th, 2023

  • – Highlight #1: BARC publishes “BARC Score Integrated Planning & Analytics”.
  • – Highlight #2: BARC presents seven market leaders and six challengers in the global market.
  • – Highlight #3: This BARC Score focuses on integrated solutions for planning, budgeting and forecasting as well as analytics and business intelligence.

BARC publishes BARC Score Integrated Planning & Analytics. This detailed market analysis provides in-depth descriptions of leading software vendors and their solution portfolios for integrated planning & analytics. It is designed to help companies with the software selection process and enables them to measure up solution offerings against their own requirements.

The software market for integrated planning & analytics

The software market for integrated planning & analytics covers a wide range of offerings. In addition to globally active vendors, many local providers offer strong products.

Vendors evaluated in this BARC Score must meet several requirements. Comprehensive functionality for planning, budgeting and forecasting is a must. Relevant core functions focusing on the entire planning process (creation of planning models and masks, handling of the planning process, supporting planning functions), as well as financial and operational (e.g., sales, production, resources, etc.) planning capabilities are equally important.

In addition, solutions must provide comprehensive functions for analytics and business intelligence (e.g., for reporting, analysis and dashboards). A high degree of user-friendliness and seamless integration between all solution components is a decisive characteristic of market-leading solutions.

High degree of market maturity

Many of the vendor portfolios evaluated have reached a high level of maturity. BARC classifies well-established providers that achieve a high degree of market penetration as “Market Leaders”, of which there are seven. Their product portfolio enjoys a high level of recognition on the market and covers a comprehensive range of integrated technologies and requirements. They have a solid product strategy and financial position, compelling sales and marketing programs, and a strong partner network and ecosystem. The “Challengers” segment features six smaller, innovative providers with a promising product portfolio but lower global penetration, as well as some larger providers that either pursue a specific product and application focus or face the challenge of seamless portfolio integration following acquisitions.

Several vendors have presented impressive growth figures for the past fiscal year. At the same time, despite economic concerns about the future, there is still a high demand for professional software solutions on the user side. Many providers therefore expect continued good growth in 2023 and are planning further expansion of their portfolios.

BARC Score Integrated Planning & Analytics 2023 chart

Figure 1: BARC Score Integrated Planning & Analytics Global 2023
(The unredacted graph is available to journalists on request by email to abange@barc.de)
© BARC 2023

Support for the software selection process

This BARC Score and the accompanying detailed analysis help companies in the software selection process. Well-founded descriptions of the providers and their solution portfolios, including a strengths/weaknesses analysis, enable a comparison with potential buyers’ own requirements.

About BARC Score Integrated Planning & Analytics

This BARC Score comes in two editions: The first examines the global market for integrated planning & analytics products and portfolios while the second focuses on the DACH region (Germany, Austria and Switzerland). Based on countless data points from various BARC surveys and many analyst interactions, vendors are evaluated on a variety of criteria, from portfolio capabilities and architecture to sales and marketing strategy, financial performance and customer feedback.

Only vendors with widely adopted product portfolios are considered. Vendors must meet a series of general criteria in addition to providing various functional capabilities. These include a minimum license and maintenance revenue as well as a vendor’s geographic distribution and reach.

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About BARC

BARC is one of Europe’s leading analyst firms for business software, focusing on the areas of data, business intelligence (BI) and analytics. The company was founded in 1999 as a spin-off of the chair of Business Administration and Information Systems at the University of Würzburg, Germany. Today, BARC combines empirical and theoretical research, technical expertise and practical experience, and a constant exchange with all market participants to provide market-leading research publications, events and advisory.

Contact

For all enquiries and further information, please contact:

Axel Bange
Tel: +49 (0) 2331 356 93 95
Email: abange@barc.de