Asia-Pacific BI market growing faster than world market

09.05.2006
Interest in business intelligence (BI) is rising among Asia-Pacific companies, and IT vendors such as Oracle Corp. aim to take advantage of this trend. A study conducted by Gartner Inc. says that the BI software market in the region is forecasted to grow at a compounded annual growth rate of 13 percent -- faster than the global rate of 7.3 percent.

'We are taking a dedicated BI focus; we now have a specialist BI sales force and consultants all over the region,' said Steve Illingworth, senior director for Oracle BI in APAC during an Oracle Business Intelligence Strategy seminar here.

The same study cites that chief information officer (CIO) respondents ranked BI as the number one technology priority for this year. 'Executives are complaining that they can't get hold of information they need to make decisions,' said Jennifer Bond, executive director for Siebel Analytics in Oracle Asia-Pacific.