Yes, I did mean the B-Eye network
I posted this site because of an interesting article I read in regards to software purchases - credit the b-eye network site:
CIO Software Survey on Business Intelligence
I got an interesting email today from Ed Maquire, a research analyst at Merrill Lynch. Attached to his email were the results of the Merrill Lynch February 2005 CIO Software Survey of 100 North American IT executives. The results are very encouraging for software vendors, especially BI ones! Read on for more information.
The majority of the respondents are from financial, manufacturing, services, communications, retail and government industries. The bottom line is that businesses appear to spooling up for strategic investments like ERP (go figure!), CRM, security and – YES – Business Intelligence (an increase over lat year of 8.2%) – which was number 3 in the top spending priorities!
The survey also indicated declines specifically in spending on corporate portals, application integration and network management. That seems strange to me but what do I know…
Another interesting snippet is that a whopping 72% have seen NO impact from Sarbanes-Oxley compliance efforts. According to the report, this indicates that the anticipated spending “tailwind” has not yet materialized for those vendors with SOX applications.
Analytic applications retained the number 11 spot among software spending priorities and the number 2 spot as an application spending priority. In addition, ETL and data warehousing spending is expected to increast by almost 6%. By the way, Microsoft and Business Objects remain the top 2 vendors in the purchase intent area. Oracle moved up to number 3 and Cognos fell to number 4.
In terms of database vendors and an increase in spending, Oracle remained number 1 at 58% of the respondents saying they would spend more on Oracle but, surprisingly, Microsoft was right behind at 43%. The number 3 spot was a distant IBM at 9% of the respondents. Remarkable!
Finally, in light of the news about IBM acquiring Ascential, 50% of the respondents favored consolidation in the software industry because they thought there were too many vendors and that consolidation would provide better integration.
For more about this report, please contact Ed Maquire at ed_maquire@ml.com or 212-449-9140.
ngosz (BOB member since 2003-09-25)