In what seems to be a smart move by Deloitte, this Monday the consultancy company announced the acquisition of the promising software-as-a-service (SaaS) business intelligence (BI) company Oco, which will form Deloitte Analytics Tactical Advantage (DATA). (You can evaluate Oco On Demand Business Intelligence with TEC Advisor.) With this acquisition, Deloitte will address efforts to deliver both products and consulting services to its customers, aiming to offer high-quality BI solutions in a more timely, cost-effective, and accurate manner.
This move shines a spotlight on the attractiveness of SaaS-based offerings in the BI space, where many companies, especially small to medium businesses, are turning their eyes to SaaS when the need for BI solutions arises.
This acquisition also makes it clear that BI is becoming a basic necessity for many companies, and the combination of products and services is crucial to giving customers confidence and for being able to guarantee deployment success and acceptance. Another recent example of combined strengths is the acquisition of Baseline consulting company by software company DataFlux, part of the SAS family.
Oco is well positioned in the SaaS BI market, delivering a reliable set of general BI functionalities as well as specific sets of preconfigured functionalities for different business areas. Oco also integrates with SAP’s BusinessObjects BI onDemand product. Now, Oco will help Deloitte to reinforce its business analytics services with a reliable SaaS BI product stack.
The BI space is getting hotter! I welcome your thoughts—leave a comment below, and I’ll respond as soon as I can.
There has never been a better time for BI. BI is taking its next shape. Realtime reporting, Performamce management and packaged analytics are the key areas and this acquisition puts Deloitte in the Gartner’s much celebrated leaders quadrant for next couple of years if not more. There is a lot of catching up that other SIs will have to do in this space to come anywhere close to Deloitte.
As mentioned bi has become such a necessity for the business to thrive than perform better. The birth of DATA may be just a begining as most of the giants may go for such solutions if comes feasible.SME’s will be now more lookin onto SaaS like bi solutions then before as they are much affordable withount a fade in the quality.
The key in this case is SAAS based offering. Deloitte has definitely taken a giant step in Analytics direction but we need to wait and see what best a consluting company can do with an Analyics Product in its Kitty.
[…] Jorge Garcia of TEC Blog writes that the acquisition of specialized vendor Oco by a multinational services firm like Deloitte shows how SaaS BI is becoming a “basic necessity” for SMBs. […]
Thank you for your comments on this post:
You are right, important will be not only the acquisition, but also how Deloitte will handle the strategy to gain momentum with Oco. I still think that the human factor is crucial in terms of BI success within an organization. Let’s see how the combination Oco/Deloitte will work.
bi dashboards and Changa,
It will be interesting to follow up what will happen in the BI industry as other consulting firms might take the step to explore the world of BI product development.
Boris Evelson has a good comment in the following post, you might want to give a check:
Thank you again for you comments, and please stay tuned.