Cnews publishes the results of independent research of the BI market in Russia in 2017e
Cnews has published the results of an independent study of the BI market in Russia in 2017. According to the results, Odyssey Consulting Group has become one of the three fastest growing BI solution providers in Russia with a growth rate of 92%. The development of Business Intelligence market is contributed by the Russian business community's awareness of the BI capabilities and their need for business intelligence. Positive dynamics on the BI market in general has influenced the growth of revenues in this period. It is obvious for our customers that in order to hold a stable position on the market, they need to make the best use of the information they have accumulated over the years about themselves and their competitors. We are convinced: for highly competitive business segments BI is becoming vital to maintain and improve their market position. According to Cnews analysts, "revenues of the top 15 of the ranking at the end of 2016 amounted to 9.04 billion rubles". At the same time "all participants of the rating demonstrate positive dynamics".
The growth in the number of projects in this area is associated with the stabilization of the economy, an increase in the volume and quality of accumulated data in large business organizations and the increased maturity of medium businesses. We have expanded use of already implemented systems and implemented planning on operational (S&OP) and strategic levelsamong current customers of budgeting automation. In addition, we have seen an increased interest in the market for mathematical methods of data processing, which has allowed us to implement several projects for optimization and forecasting. According to Cnews, "Over the next two to three years, the business intelligence market will grow, projects will become more complex and competition will increase, especially in narrow segments. Data visualization and self-service BI continue to be in demand." Read the full review of Cnews rating "Largest BI Solution Providers in Russia 2017" at [https://www.cnews.ru/reviews/bi_bigdata_2017] .
