Business intelligence in Chile, recommendations to develop local applications

Abstract

The volume of information generated from enterprise applications is growing exponentially, and the cost of storage is decreasing rapidly. In addition, cloud-based applications, mobile devices and social networks are becoming relevant sources of unstructured data that provide essential information for strategic decisions making. Therefore, with time, enterprise databases will become more valuable for business but also much harder to integrate, process and analyze. Business Intelligence software was instrumental in helping organizations to analyze information and provide reports to support business decision-making. Accordingly, BI applications evolved as enterprise information grew, hardware-processing capacities developed, and storage cost is being reduced significantly. In this paper, we will analyze the current BI world market and compare it with the Chilean market, in order to come up with business plan recommendations for local developers and systems integrators interested in capitalizing the opportunities generated by the global BI software market consolidation.