The Race to Embrace Cloud-Based CPM Is Accelerating Quickly

Fresh data on adoption and use case scenarios for business intelligence software indicates we’re reaching a tipping point away from on-premise deployments and towards a complete embrace of…

Feb 10, 2017
Mitchell Buchanan
Blogs, The Finance Playbook

Fresh data on adoption and use case scenarios for business intelligence software indicates we’re reaching a tipping point away from on-premise deployments and towards a complete embrace of cloud-based CPM.

You have to crawl before you can walk, but eventually, we all learn how to run. That’s not a bad metaphor for the way companies are moving towards corporate performance management in the cloud. There’s evidence that a number of firms are already starting to sprint. 

Just last month, the Business Application Research Center (BARC) and independent market research firm Eckerson Group released ‘BI And Data Management In The Cloud: Key Issues And Trends.’ Based on a survey of nearly 400 people across North America, Europe and Asia, the report shows cloud migration of BI tools and functions has grown at a steady clip.

“It is faster to deploy and it is easier to maintain because of the persisting updating model. You turn over the job to the vendor of keeping software up to date. That is compelling for a lot of companies.”

More than three quarters of respondents, or 76%, said they had already moved reporting to the cloud, while 57% had done the same thing with ad hoc analysis. Maybe even more promising were that companies have planned for their future in the cloud. Check this list and see what they have in common:

  • Advanced planning and analytics 53%
  • Operational planning/forecasting: 44%
  • Strategic planning/simulation: 44% planned

The answer, of course, is that these are all CPM-related use case scenarios. Here’s what the authors concluded:

Not surprisingly, the vast majority of organizations use the cloud to deliver reports and dash- boards. The cloud is a convenient way to publish and share report output to a broad, geographically distributed user base. However, more than half use the cloud to perform ad hoc analysis and author reports and dashboards. That suggests organizations use software-as-a-service (SaaS) BI products and don’t just publish output there.

BARC and Eckerson Group aren’t the only ones keeping an eye on this shift. An article on TechTarget recently examined data from Forrester Research. One of Forrester’s analysts, Paul Hamerman, predicted SaaS will be the primary deployment model for CPM (or enterprise performance management/EPM, as some call it).

“Hamerman said EPM is well-suited to deployment in the cloud, largely because of its regular updates by the vendor and its versatility,” the article said. “It is faster to deploy and it is easier to maintain because of the persisting updating model. You turn over the job to the vendor of keeping software up to date. That is compelling for a lot of companies.”

So compelling, in fact, that this may be the year companies not only stop crawling but stand up and start running more quickly to the cloud than ever before.

The post The Race to Embrace Cloud-Based CPM Is Accelerating Quickly appeared first on Blog | Vena Voice | Vena Solutions.

Share This Post:

Mitchell Buchanan