Blog extracts by Jorge García, Business Intelligence (BI) research analyst at TEC.
“In what seems to be a smart move by Deloitte, this Monday (9 May 2011) 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). 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.
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.”
