Regardless of what I was saying inone of my recent posts about BI in the traditional understanding of it becoming outdated, the spendings on BI keep rising.

Spending on business intelligence software, designed to help executives make better decisions, is seen rising 11 percent to $5.8 billion this year despite a U.S. economic slowdown, research firm Gartner said.

Gartner says BI hold too high of a position with CIOs and will not be affected by the economic downturn as much as other technologies.

The research firm said business intelligence had beaten all other technologies in a survey it had carried out of priorities of 1,500 chief information officers worldwide.

Gartner said it expected business intelligence software sales in Europe, the Middle East and Africa and the Asia-Pacific region to outgrow those in North America this year, as they did last year.

BY 2012, the global business intelligence market should be worth $7.7 billion, Gartner said.

BI taking over the world, huh? That’s encouraging news for BI companies!