BI Spending to Soar in 2012

Collecting pundit predictions on technology spending has always been a favorite pastime for the Optimal SAP Advisor editorial team. This year is no different, and we’ve compiled a substantial list of forecasts and predictions to help you best chart your 2012 IT spending priorities.

As always, the numbers and overall moods differ greatly among our chosen prognosticators, but one strong commonality that emerged is an unabashedly optimistic outlook for the analytics and business intelligence (BI) sector — which from all accounts is set to soar in 2012.

SAP was named the overall market share leader in the worldwide business intelligence (BI) market — owning nearly a quarter of the market — according to the April 2011 report issued by Gartner. In the report, SAP ranks No. 1 with 23% share of the worldwide market based on revenue.

Here’s a roundup of BI predictions for 2012 and beyond:

BI and analytics is the top-ranked technology for 2012 (Gartner)
In 2012, 44% of IT leaders are currently implementing or planning to implement BI programs (eEKsystems)
In 2012 53% of CIOs plan BI/analytics programs (CIO Magazine)
In 2012, companies will spend $8 billion on BI (Forrester)
In 2012, BI analytics & performance management will grow 12.4% — led by BI at 7.7% (CMI/Gartner)
BI is the largest planned IT investment area in the next three years (Forrester)
45.8% of survey respondents already have a BI strategy in place, and in 2012 there will be a 10.7% increase in companies implementing a BI strategy (Corporate IT Forum)
75% of survey respondents intend to increase or maintain BI spending during 2012 (MorganFranklin)
50% of survey respondents plan on increasing BI spending by 10% or more in 2012 (TechTarget)
Almost 50% of enterprise IT investment decision-maker survey respondents plan to spend on big data analytics over the coming years, with more than 15% planning to do so in 2012 (Ovum)
40% of survey respondents plan to add process optimization to their BI/analytics mix in 2012 (InformationWeek)
By 2014, 40% of spending on business analytics will go to system integrators, not software vendors (Gartner)
By 2013, 15% of BI deployments will combine BI, collaboration and social software into decision-making environments (Gartner)
Operational or tactical business intelligence (BI) is growing at a rate of 13% CAGR while analytical or traditional BI tools are growing at a rate of 9% CAGR (Gartner)
There was an 8 point increase in number of CIOs expecting to grow spending on in-memory analytics in 2012 vs. 2011 (Morgan Stanley)
Organizations get $10.66 of value for every $1 invested in analytics (Nucleus Research)
Business intelligence software sales will grow 8.6% in the United States in 2012 (IDC)