My, what a stretch it was for business intelligence (BI) and analytic tools. First, industry darling Tableau Softwarelost half its market capitalization following earnings that disappointed Wall Street, which quickly punished competitors Qlik and MicroStrategy.
Gartner then added fuel to the fire by issuing a report finding more competition than ever in the space, thanks to the arrival of a tipping point in the drive to self-service tooling. The balance of power in the BI and analytics space has been gradually shifting as providers of easy-to-use tools like Tableau and Qlik have gained market share at the expense of public companies like IBM, SAP, and Oracle, as well as privately held stalwarts like SAS, Information Builders, and Tibco.
Author: Alex Woodie