Software // Information Management
Commentary
8/17/2004
05:16 PM
Ted Kemp
Ted Kemp
Commentary
50%
50%

Holding The Course

Even if BI spending is softening a bit for some companies, anecdotal information from our readers indicates that the overall market is firm.

The business intelligence market might finish a little softer than expected this year, but a significant majority of companies are spending about what they thought they would when 2004 began.

Last week we asked our readers where their organizations' BI spending stands so far relative to what was projected for the year. After a few weeks of reports from technology vendors cutting their revenue outlooks for the rest of 2004, one might have expected our poll to show users who are being more cautious than they had anticipated.

Not so. Our site poll found that spending at almost two-thirds of readers' organizations -- 65% -- is falling roughly in line with projections. Eight percent said they're spending more than they thought they would.

A significant number of readers, 27%, said they're below their forecasts for the year, which meshes neatly with what the vendors are saying. Most BI software makers hit their numbers in the second quarter, especially the ones that specialize in reporting. But many manufacturers, including some of the reporting and analytics companies, reduced their revenue projections for the year's third quarter.

Even if BI spending is softening a bit for some companies, our anecdotal poll indicates that the overall market is firm. It'll be interesting to see what the rest of the year holds.

Comment  | 
Print  | 
More Insights
The Agile Archive
The Agile Archive
When it comes to managing data, donít look at backup and archiving systems as burdens and cost centers. A well-designed archive can enhance data protection and restores, ease search and e-discovery efforts, and save money by intelligently moving data from expensive primary storage systems.
Register for InformationWeek Newsletters
White Papers
Current Issue
InformationWeek Tech Digest, Nov. 10, 2014
Just 30% of respondents to our new survey say their companies are very or extremely effective at identifying critical data and analyzing it to make decisions, down from 42% in 2013. What gives?
Video
Slideshows
Twitter Feed
InformationWeek Radio
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.