Enterprise BI & Analytics Platforms: Mergers & Acquisitions Shake Up the Market
BARC Score Enterprise BI & Analytics Platforms 2023 published
Today, analyst firm BARC has released BARC Score Enterprise BI & Analytics Platforms for the year 2023. This BARC Score evaluates and compares the 21 most important global manufacturers of modern enterprise business intelligence (BI) & analytics platforms.
According to the new BARC Score, the market for enterprise BI & analytics platforms is highly dynamic. Many specialized tools are offering broader feature sets and are maturing into modern and comprehensive enterprise BI & analytics platforms to meet user demand for openness, versatility and usability.
At the same time, established providers are modernizing their platforms by adding features such as active user guidance through artificial intelligence and machine learning (“Augmented Analytics”) for greater efficiency and effectiveness in data usage. Manufacturers are finding and occupying niches by linking their BI & analytics solutions with pre-systems and creating predefined solutions for specific industries or topics.
More than in previous years, the market is showing a lot of dynamism due to mergers and acquisitions, spin-offs and similar market activities. These are significantly affecting the offerings and evaluation of some of the providers in this BARC Score.
21 leading manufacturers of BI & analytics platforms evaluated
This is the ninth edition of BARC’s evaluation of the leading manufacturers of modern BI & analytics platforms. A graphical overview of the market and reviews of the 21 software providers are now available here.
(Journalists can request the unredacted graphic by emailing [email protected])
“This year, we observed several strategic changes in direction among BI & analytics providers that affected our assessment. Many providers are revising their strategy and precisely defining which customers and use cases they want to serve and which they are no longer actively pursuing,” commented BARC Senior Analyst and Head of Scores Larissa Baier.
“For buyers of a BI & analytics platform, it is essential to carefully examine the impact of acquisitions and strategic changes on the further development of the tools they are evaluating. As always, in addition to provider-specific considerations, individual requirements for the planned use cases that a modern BI & analytics platform ought to serve should be considered first,” added Robert Tischler, Senior Analyst at BARC and co-author of the report.
BARC Score Enterprise BI & Analytics Platforms examines the solutions of the following 21 internationally relevant manufacturers: Amazon Web Services (AWS), Dimensional Insight, Domo, Google, ibi, IBM, insightsoftware, Microsoft, MicroStrategy, Oracle, Pyramid Analytics, Qlik, SAP, SAS, Sisense, Tableau, TARGIT, ThoughtSpot, TIBCO, Yellowfin and Zoho.
Further information on the new BARC Score can be found at: barc.com/product/barc-score-enterprise-bi-analytics-platforms/
