Recently, Gartner released the 2023 Magic Quadrant for Analytics and Business Intelligence Platforms, which highlights the latest trends in BI development and future market demands. Based on this, the report defines the 12 key areas of functionality for modern analytics and business intelligence platforms, and selects vendors from around the world to be included in the Magic Quadrant.

It is worth noting that FanRuan has once again received an Honorable Mention, following its recognition in 2021 and 2022. FanRuan remains the only independent BI vendor from China to be included in the report, further highlighting its achievements and presence in the industry.

1. Key Capabilities Identified by Gartner for Present and Future Business Intelligence

Gartner predicts that the global business intelligence market will increasingly focus on the needs of analytical content consumers and business decision-makers. Vendors are expected to not only address existing market demands but also drive end-user requirements to jointly explore new analytical scenario applications. For example, Gartner highlights the integration of analytical platforms with low-code and no-code workflows in the report.

Additionally, Gartner includes analytics collaboration as a key functionality in evaluating business intelligence products for the first time. Gartner explains that analytics collaboration is the application of collaboration capabilities to analytics workstreams for organizations that want to provide an environment where a broad spectrum of users can simultaneously co-produce an analytics project.

2. Why is FanRuan Receiving Increased Attention from Gartner Magic Quadrant?

2.1 FanRuan has held the first position in China’s business intelligence software market share for five consecutive years.

When mentioning FanRuan, Gartner states in the report, ” FanRuan is one of the largest ABI vendors in China, where its traditional report-centric Bl product, FineReport, is widely used. lts new FineBl product offers self-service, visually driven BI via an on-premises deployment model.”

With a focus on business intelligence for 17 years, FanRuan has consistently strived to provide customers with high-quality products and services. In 2022, the company achieved impressive annual sales of nearly USD 200 million and established partnerships with over 26,000 clients. FanRuan has consistently held the top position in the BI market in China for five consecutive years.

FanRuan’s products have found successful applications in 89,000 informatization projects. With a user base of over 1.02 million developers, FanRuan’s tools are utilized by more than 5 million users on a daily basis for various tasks such as data analysis, querying, reporting, and application development.

2.2 FanRuan’s products have always been at the forefront of the industry.

Improving user experience and enhancing business value will be the main focus for the future development of Business Intelligence. Specifically, the key factors in product capabilities are agility, ease of use, and robustness, which are crucial considerations for both report-based BI and self-service BI.

As one of the earliest independent BI vendors, FanRuan can relate to the “changes” mentioned in the Gartner Magic Quadrant for ABI Platforms.

In 2022, FanRuan officially released its self-service BI tool, FineBI 6.0, with the intention of being “powerful, user-friendly, and accessible to everyone.” It focuses on addressing the core needs of business users and has undergone a complete redesign of its product logic.

For most business users, FineBI 6.0 emphasizes “ease of use.” The immersive analysis themes, coupled with the collaborative analysis mentioned by Gartner, optimize the entire data preparation, processing, analysis, and interpretation process. This reduces the learning curve and enhances the user experience for business users.

For data analysts and organizations with a higher level of digitalization, FineBI 6.0 focuses on being “powerful and user-friendly.” The self-developed DEF function significantly improves data analysis efficiency by an additional 50%.

In addition to FineBI 6.0, FanRuan is actively exploring new scenarios by integrating business intelligence with low-code development. We are also focusing on creating immersive 3D dashboards and delivering comprehensive industry-specific solutions. With 17 years of development experience and a commitment to staying at the forefront of BI trends, FanRuan ensures that its products consistently meet the current and future needs of its customers.

2.3 FanRuan is committed to customer-centric service.

“The secret to success is to forget about one’s own interests and wholeheartedly help customers and partners succeed.” This aligns with FanRuan’s philosophy of maintaining long-term collaboration with its clients.

XJ Electric, one of FanRuan’s earliest major clients, has maintained a partnership with FanRuan for over a decade, even as multiple companies associated with XJ Group continue to be FanRuan’s cooperative clients.

FanRuan’s position in enterprise-level application services and its customer-oriented business model necessitate a mindset of accompanying clients. By adhering to a long-term approach, FanRuan can better serve corporate clients and effectively address their pain points. This commitment to long-term partnerships allows FanRuan to provide enhanced services and solutions that cater to the specific needs of its enterprise customers.

3. FanRuan Enables the Visibility of Business Data Value.

FanRuan has been recognized as Honorable Mention in the Gartner Magic Quadrant for Analytics and Business Intelligence Platforms for three consecutive years, which is a recognition of its past achievements and a testament to the trust in its future development. FanRuan has always been committed to customer-oriented approach, continuously improving its products, and maintaining long-term partnerships with clients, making the value of enterprise data visible.