Holding The Course - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
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.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
News
COVID-19: Using Data to Map Infections, Hospital Beds, and More
Jessica Davis, Senior Editor, Enterprise Apps,  3/25/2020
Commentary
Enterprise Guide to Robotic Process Automation
Cathleen Gagne, Managing Editor, InformationWeek,  3/23/2020
Slideshows
How Startup Innovation Can Help Enterprises Face COVID-19
Joao-Pierre S. Ruth, Senior Writer,  3/24/2020
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
IT Careers: Tech Drives Constant Change
Advances in information technology and management concepts mean that IT professionals must update their skill sets, even their career goals on an almost yearly basis. In this IT Trend Report, experts share advice on how IT pros can keep up with this every-changing job market. Read it today!
Slideshows
Flash Poll