Business Intelligence Leader, Oco, Issues 2008 Predictions.Sees BI Adoption among Mid-Sized Markets; and Taking Hold Diagonally WALTHAM, Mass. -- Oco, Inc., a leading Software-as-a-Service (SaaS) provider of business intelligence (BI) and data integration solutions, today released its predictions for five key BI trends affecting businesses in 2008. Most notably, Oco sees BI solutions targeting the intersection of business functions and industry market segments, and opening up enterprise-class capabilities to mid-sized companies at affordable costs. Following are Oco's predictions: 1. BI Goes Diagonal In 2008, we will see the era of vertical or horizontal BI solutions converging con·verge v. con·verged, con·verg·ing, con·verg·es v.intr. 1. a. To tend toward or approach an intersecting point: lines that converge. b. toward diagonal solutions -- those focused on specific business problems extending across similar industries. Examples of these types of solutions include applications for calculating product margins with vendor-specific adjustments, or reducing transportation costs for companies in the retail, consumer packaged goods Noun 1. packaged goods - groceries that are packaged for sale foodstuff, grocery - (usually plural) consumer goods sold by a grocer plural, plural form - the form of a word that is used to denote more than one , and discrete manufactured product segments. Business intelligence providers will incorporate detailed functional knowledge into their products to deliver diagonally oriented o·ri·ent n. 1. Orient The countries of Asia, especially of eastern Asia. 2. a. The luster characteristic of a pearl of high quality. b. A pearl having exceptional luster. 3. BI solutions. 2. BI Best Practices As we have seen happen with many software applications, BI customers will insist on best practices for key metrics metrics Managed care A popular term for standards by which the quality of a product, service, or outcome of a particular form of Pt management is evaluated. See TQM. to measure and improve their businesses. The convergence of dashboard (1) See Mac Dashboard. (2) A software-based control panel for one or more applications, network devices or industrial machines. Dashboards display simulated gauges and dials that look somewhat like an automobile dashboard. and metrics consulting companies Noun 1. consulting company - a firm of experts providing professional advice to an organization for a fee consulting firm business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a with analytics tool providers will result in new packages of best practices by industry and function. 3. Technology will Move from an IT Priority to a Business Decision IT departments have typically set the technology agenda for corporations. They have established technology standards, architectural guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. , and infrastructure and tool requirements based on traditional approaches to business needs. Now, business users are taking more control, and in 2008, we will see them continue to move into the driver's seat driv·er's seat n. A position of control or authority. , not only deciding which type of technology to use, but also selecting which business model and, in some cases, which vendor to support their business needs. 4. Growth of the "IT Light" Solution Model Typically, IT organizations have a list of critical and pressing projects that would take years to address. Forward-thinking organizations are looking more strategically at their projects, deciding which ones can be addressed using business models and vendors that don't require full-time oversight, involvement, and ongoing maintenance. The growth of the IT light solutions will continue to gain momentum in 2008 and make BI accessible to mid-sized markets. Early signs include the increased outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. of IT maintenance to U.S. and Indian offshore service providers and increased use of Software-as-a Service (SaaS) models. In 2008, we'll also see the introduction of more quick-start programs and accelerators in the marketplace, which will enable organizations to implement solutions in a shorter timeframe. "BI has gained incredible popularity within organizations of all sizes," said Bill Copacino, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Oco, Inc. "Given the economic environment and competitive pressures that are anticipated for 2008, organizations will continue to be interested in solutions that can be implemented rapidly and provide immediate results. Cost-effective solutions that do not require extensive IT involvement will gain momentum." 5. BI Adoption Rate Expands into Small and Medium-Sized Organizations While large companies have been early adopters of BI because their business models have been well suited to its benefits, we will see BI become more mainstream in 2008. BI will increasingly penetrate into medium and smaller companies as more affordable solutions evolve that can cost effectively meet their needs. About Oco, Inc. Oco's business intelligence solution provides essential business visibility, delivering an integrated set of actionable Giving sufficient legal grounds for a lawsuit; giving rise to a Cause of Action. An act, event, or occurrence is said to be actionable when there are legal grounds for basing a lawsuit on it. reports and KPIs from multiple data sources to any user in just weeks. Oco's comprehensive solution dramatically reduces the timeframe, cost and risk of traditional business intelligence implementations with deployment on a fixed-cost, fixed-time basis and a money-back guarantee. For more information about Oco, please visit www.oco-inc.com. |
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