Many have covered the news from a financial perspective as on the day of the announcement, Qlik shares did in fact jump. However so did Tableau (NYSE: DATA). The question needs to be asked then, how does this change the $20B+ Business Intelligence industry?
The short answer is, it doesn’t. The Qlik announcement has little to do with new developments in the Business Analytics market. It has much to do with the financial market and how companies think about growth in the current financial environment. I’m not a financial expert so don't take any of my advice. Instead, check out this article on the macro economic trends that drive the financial markets. This piece does a great job highlighting the differences between public and private investing. As a key indicator, note that this year so far, only 31 companies have gone public. That figure compares to 69 in the same timeframe compared with last year.
If you’re a buyer of technology, what should you do now? I’d suggest two things: 1. Keep your eyes on the Business Analytics space - it’s just getting started. 2. Educate yourself on how you can modernize your infrastructure and equip your team to outperform your competition. Here are three resources that will help:
- Information Management: Why Most Business Intelligence Tools Fail the 'Hadoop Test'
- DM Radio with Dave Mariani: Method to the Madness: Information Architecture
- Gartner Magic Quadrant for Business Intelligence (BI) 2016:The Good, The Bad, The Ugly...
Furthermore, if you’re new to BI and Hadoop and want to get byte-size content to get you ramped up, check out our resources page as well as the quick links below:
Last but not least, subscribe to this blog to get more helpful tips about Hadoop and BI on Hadoop.