Software companies generally prefer BI solutions for companies that use data in smarter ways. BI technologies assist companies in refining, slicing, and dicing the data to find useful patterns.īusiness Intelligence is referred to as a tech-driven process meant to analyze data and deliver useful information to help managers, executives, and workers to make better and smart decisions. Firms need BI developers to help analyze massive amounts of data and come up with actionable insights. You pretty well know how this can be accomplished. It is here that Business Intelligence comes into action. However, with a massive increase in the pool of unclean data, companies find it difficult to analyze it in real-time. With increasing complexity in business operations, organizations and bigger enterprises are looking forward to winning the competition, requiring them to have a lot of actionable insights. ‘Conventional analytics and poor data quality cause the US businesses to lose around USD 600 billion every year.’ One of the biggest reasons for adopting Business Intelligence in organizations is given by a report by FathomDelivers, which states, Today, the different job roles in the data analytics domain are highly-paying and are the most in-demand roles across the globe.
A report by Zion Research states that the worldwide Business Intelligence market is expected to reach from USD 16.33 billion in 2015 to USD 26.5 billion by 2021, which is a CAGR of 8.4% between the forecast period.
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