![]() If yes, this article offers detailed information and if you are still waiting to pick one BI tool for your business, this article is for you. Data holds huge value for today’s businesses to design new strategies, uncover potential insights, and streamlines the decision-making process. Source: Dresner Advisory Associates’ 11th edition of popular Business Intelligence Market Studyīusiness Intelligence tools are must-have tools for businesses regardless of size or industry they operate in. The greater the uncertainty in an industry, the more likely their executive and C-suite leaders are using BI to search for greater stability.īI tools are more commonly used by R&D, Business Intelligence Competency Centers (BICC), Marketing & Sales, and IT in 2020. Reporting, dashboards, data integration, data warehousing, and data preparation are top technologies and initiatives strategic to BI in 2020. The business intelligence software segment is expected to show a revenue growth of 15.3% in 2021. ![]() The worldwide market size for business intelligence and analytics software applications is forecast to reach 16.5 billion in 2023 These statistics represent the universal interest and the importance of business intelligence software across the world.
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