Five Business Intelligence Trends from Wisdom of Crowds BI Market Study

As you may know, data collection for our Wisdom of Crowds Business Intelligence Market Study - 2011 Edition will close at the end of this week!

To drive awareness, last Friday we held a "tweet chat" to talk about some of the trends AND encourage people to join in and take the survey.

If you haven't completed the survey yet - it takes less than 10 minutes and you'll get a free copy of the findings report later this year.

Click on this link and complete the survey now!

So, here are five Business Intelligence trends - based on preliminary data:

1. The area of lowest overall customer satisfaction is "online training, forums and documentation"
2. The area of top overall customer satisfaction is "robustness/sophistication of technology"
3. The top mandate for BI technology so far? Operational integration.
4. 94.5% would recommend their BI vendor.
5. 69% of respondents consider their current BI vendor "strategic"

We'll be holding another tweet chat this coming Friday at 1:00 PM EDT. The hashtag for this event will be #BIWisdom. Hope you can join in!

But, until then, don't forget to please complete the survey!

Best,

Howard

Avoid the Business Intelligence Trainwreck

Hi Folks.

Check out the video below regarding what I call the BI "Trainwreck" and how you can take steps to avoid one!



Click here to complete the survey now!

Best,

Howard

What's New with Wisdom of Crowds BI Market Study - 2011 Edition?

Greetings!

As we continue to gain awareness of our 2011 Edition of The Wisdom of Crowds BI Market Study (TM), I have been asked "what's new?"

The short answer is "plenty"!

For the 2011 Wisdom of Crowds BI Market Study ™ we're doing everything that we did in 2010 - including the scoring and ranking of vendors using our trademark 32-dimension evaluation model.

But for 2011, we've expanded the project greatly and are collecting data for a wide range of budgetary, licensing and technology issues. As a result, we'll be able to offer far greater insight, with richer and more actionable perspective than in 2010.

For 2011, we're aiming to answer some important questions, including:

- Where are Business Intelligence budgets getting spent in the enterprise?
- What kinds of BI solutions and services are organizations investing /divesting in?
- What related technologies are critical to BI strategy and which are not?
- Why aren’t organizations using the most current BI product releases?
- How does open source “community” vary from “commercial” open source customers?

This will give folks deeper insight into what their peers are doing or not doing and will help them better plan for the future of Business Intelligence!

But, we still need your help! As you know, we are still collecting data for this important study. The more data that we collect, the more accurate and valuable the analysis will be.

So, if you have not yet contributed to the study process, I am asking you to join in and complete the survey today. There is nothing to buy and your detailed information will remain confidential!

The process takes approximately 10 minutes and you'll get a free copy of the findings report when the analysis is complete in May.

You can simply click on this link and go to the survey and complete it now.

By completing this survey you will be helping to create an important alternative to conventional industry analysis that is available in the market today.

If you have already filled out the survey, please accept our thanks and pass this on to a colleague!

Thank you in advance!

Best,

Howard

More Preliminary Analysis from 2011 Wisdom of Crowds BI Market Study

Here's some additional preliminary analysis from the data that we have collected to date for the 2011 Edition of The Wisdom of Crowds Business Intelligence Market Study (TM).



















For this analysis, we asked respondents whether they were using their BI vendor's latest product version. As you can see from the chart above, slightly more than three quarters said that they were using the most current version.

For the other quarter, reasons for not moving to the latest release included: in process now, current version suits needs, version "too buggy", no time to upgrade/ not a priority and version not available for international release yet.


We still need your help! As you are probably aware, we are in the midst of collecting data for this important study. Last year we collected data from 500 organizations. This year I am hoping to reach over 1,000 respondents! The more data that we collect, the more accurate and valuable the analysis will be.

So, if you have not yet contributed to the study process, I am asking you to join in and complete the survey today. There is nothing to buy and your detailed information will remain confidential!

The process takes approximately 10 minutes and you'll get a free copy of the findings report when the analysis is complete in May.

You can simply click on this link and go to the survey and complete it now.

By completing this survey you will be helping to create an important alternative to conventional industry analysis that is available in the market today.

If you have already filled out the survey, please accept our thanks and pass this on to a colleague!

Thank you in advance!

Best,

Howard

A Research Nugget From Upcoming Wisdom of Crowds BI Market Study

Here's some preliminary research from the data that we have already collected for the 2011 Edition of The Wisdom of Crowds Business Intelligence Market Study (TM).


















For this analysis, we asked respondents how many BI software tools they currently have in their organizations. As you can see in the chart below, the majority reported either 1,2, or 3 tools. Although this is based on early data, this indicates an improvement over last year when nearly 9% indicated that they had over 10 tools in their organizations.

We still need your help! As you are probably aware, we are in the midst of collecting data for this important study. Last year we collected data from 500 organizations. This year I am hoping to reach over 1,000 respondents! The more data that we collect, the more accurate and valuable the analysis will be.

So, if you have not yet contributed to the study process, I am asking you to join in and complete the survey today. There is nothing to buy and your detailed information will remain confidential!

The process takes approximately 10 minutes and you'll get a free copy of the findings report when the analysis is complete in May.

You can simply click on this link and go to the survey and complete it now.

By completing this survey you will be helping to create an important alternative to conventional industry analysis that is available in the market today.

If you have already filled out the survey, please accept our thanks and pass this on to a colleague!

Thank you in advance!

Best,

Howard

Experimental Interactive Session - March 8th

First Ever: Experimental Session for Wisdom of Crowds BI Market Study

Limited Registration! Click to register now!

In conjunction with the launch of our 2011 Edition of The Wisdom of Crowds Business Intelligence Market Study, I have decided to try something new and (dare I say) innovative.

For a very select group of users, I am going to hold an interactive webinar on March 8th (next week)!

During this session, participants will actually enter their data into the survey (real time) while I talk about the study and the market and respond to any questions.

Once everyone has completed the survey, I will present their aggregated responses back to them instantly!

To my knowledge, this is the first time anyone has done this in the BI market space.

If folks like this approach then I will consider doing more of them.

Here's the link to register. Only BI users will be allowed to participate.

Looking forward to an exciting and informative session!!

Best,

Howard

Wisdom of Crowds BI Market Study (TM) 2011 Edition - is Off and Running

Seems like it was only yesterday that we launched our inaugural edition of the Wisdom of Crowds BI Market Study (TM) in January 2010. The impetus for it emerged from a sense that the world needed a more balanced and real-world approach to understanding the BI market.

So, we took a good idea, combined it with social media and crowd sourcing - and a little market research know how - to create a fresh and important new perspective on the market!

Fast-forward to 2011, and we are officially launching our 2nd Edition of Wisdom of Crowds. And, we have a more ambitious plan than last year. This year we've adding several sections dealing with budget, licensing options, and a technology section - while keeping the time to complete the survey down to ~ 10 minutes. We're also aiming to increase the sample size to over 1,000 responses.

So, if you're a BI software user, here's your opportunity -> by completing our survey, you'll get to have your voice heard. Tell us your plans, your experiences; your opinions. In return, we'll give you a complimentary copy of study findings for your own use.

Like all of our market studies, this is NOT sponsored or influenced by ANY third parties - ensuring an objective and unbiased view of the market.

Just click on this link and become part of an important process to add clarity and insight to the market!!!

Thanks in advance!

Best,

Howard