Business intelligence represents the systems and tools that are important in the strategic planning processes of a corporation. It is vital to the successful running of a business. Statistics from worldwide research support this. The research focused on certain areas such as the growth of business intelligence, management of data, decision-making and budgeting. Here are some of the findings:
Current statistics show that there was total revenue of $13.1 billion worldwide due to business intelligence practices.
Many people are currently adopting business intelligence practices and it is predicted that 75% businessmen and women will employ the use of Business Analytics by 2020.
Currently, 54% of business professionals believe that their companies need to be more analytics-driven to stay competitive.
To learn more about gaining a competitive advantage through business intelligence, checkout this infographic created by Boston University computer science department:
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