Business Management, Business Processes, Business Strategy, Infographics, Innovation, Technology

Why Business Intelligence Is Key For Competitive Advantage [Infographic]

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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:

Boston University Business Intelligence Is Key

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Zac Jackson is a Project Manager at OTC Gaming. If he’s not fighting orcs in a distant land, he’s in a nightclub somewhere in the Northwest DJing (untz, untz, untz…)
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