BARC Score: GenAI Enriches Enterprise BI & Analytics Platforms
Würzburg, July 22, 2024 – BARC presents BARC Score Enterprise BI & Analytics Platforms 2024. The new edition of this assessment provides a comprehensive market overview and compares 19 of the world’s leading vendors of modern business intelligence (BI) and analytics platforms. The latest analysis shows that the integration of generative AI (GenAI) improves usability and opens up new efficiency potential.
Larissa Baier, BARC Analyst and Head of Scores, commented on the results: “The market for BI & analytics tools is now very mature. Although many standard scenarios such as dashboards are well covered, it is worth taking a look at special functions and pricing models, especially with regard to broader use. GenAI is also creating new momentum and is clearly revealing differences in operation and architecture. It is important for BI & analytics platform buyers to carefully examine which usage scenarios they want to cover – both today and in the future. In addition to functional considerations, buyers should also identify their intended user types and evaluate the functions offered to support them. We also recommend examining the roadmaps and plans for GenAI.”
Key findings of the BARC Score
- Reliable market overview: The tenth edition of this BARC Score evaluates the leading manufacturers of BI & analytics platforms and provides a clear overview of their performance.
- Mature market: Manufacturers are continuously expanding the range of functions in their portfolios, enabling customers to address more and more application scenarios.
- Occupying market niches: Providers are linking their BI & analytics solutions with upstream systems from other manufacturers and developing predefined solutions for specific industries and topics, thereby opening up new market niches.
- Differentiation through GenAI: GenAI is seen as a beacon of hope for improving usability and focusing on value-adding activities instead of coding, for example. Initial investments in GenAI, especially in search-based queries (natural language query), are already showing positive results through the use of large language models (LLMs).
The complete graphic and the English-language software evaluations will be available from July 15, 2024 at www.barc.com/score
BARC Score Enterprise BI & Analytics Platforms analyzes the solutions of the following 19 internationally market-relevant vendors: Amazon Web Services (AWS), Dimensional Insight, Domo, Google, ibi, IBM, insightsoftware, Microsoft, MicroStrategy, Oracle, Pyramid Analytics, Qlik, SAP, SAS, Spotfire, Tableau, TARGIT, ThoughtSpot and Zoho. We will provide journalists with the unredacted graphic on request. Please contact Axel Bange: [email protected]
Further information and the complete software evaluation can be found here
About BARC Scores
BARC has been classifying providers of business software from different market segments and economic regions since 2015. BARC analysts evaluate each provider that fulfills a series of technical and economic criteria along the dimensions of ‘Portfolio Capabilities’ and ‘Market Execution’. These are based on detailed, weighted criteria that determine the placement of the vendors in the BARC Score chart. BARC also draws on user surveys such as ‘The BI & Analytics Survey’ and ‘The Planning Survey’.
For a quick overview of the market, all providers are categorized in the Score chart as ‘Dominators’, ‘Market Leaders’, ‘Challengers’, ‘Specialists’ or ‘Entrants’ according to their overall rating. More information on BARC Scores and the methodology behind them can be found at www.barc.com/de/score.
