Business Intelligence top priority of CIOs

A survey of 1400 CIOs worldwide released last week revealed that BI was ranked the number one technology priority of CIOs. Gartner, which conducted the survey, says that while increasing investments in BI present good opportunities for software vendors, the market will get tougher in 2007 with increased competition from the major software vendors such as Oracle, SAP and Microsoft.

Gartner also predicts tough times for the pure play BI vendors such as Business Objects, Hyperion and SAS Institute. According to Gartner, the BI revenue from the major software vendors will grow three times faster than revenues from the BI pure-play vendors in 2007.

Read the full story (iTWire)