Day: June 21, 2020

8 Ways Business Intelligence Software Improves the Bottom Line

Can business intelligence (BI) solutions, software that helps organizations mine and analyze big data and small, help your company improve its bottom line? To find out, CIO.com asked dozens of BI experts and IT executives. Here are their eight top suggestions regarding how you can get a positive return on your BI software investment.

BI, business intelligence

1. Get fast answers to critical business questions. “Business intelligence provides data at the moment of value to a company,” says Jason Cook, chief architect & CTO, U.S. & Canada and Consumer Packaged Goods, BT Global Services. “With a [BI solution] in place, companies can extract crucial facts from a large amount of data at a rapid speed.”

“With quick access to your internal data, you can more efficiently use your time to analyze internal information and make decisions,” says Ryan Mulholland, president, Connotate, a provider of Web data monitoring and extraction solutions. For example, “as

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Coronavirus Business Impact: Business Intelligence Market Report 2020-2025| Industry Trends And Analysis

The MarketWatch News Department was not involved in the creation of this content.

Jun 20, 2020 (AmericaNewsHour) —
The Global Business Intelligence Market was valued at USD 17.15 billion in 2016 and is projected to reach USD 147.19 billion by 2025, growing at a CAGR of 26.98% from 2017 to 2025.

Business Intelligence (BI) refers to technologies, applications and practices for the collection, integration, analysis, and presentation of business information. BI encompasses a wide variety of tools, that enable organizations to collect data from internal systems and external sources, prepare it for analysis, develop and run queries against that data, and create reports for better decision making process. Benefits of business intelligence include – improve efficiency, better inventory management, identify new revenue opportunities, and get insights to make accurate and timely business decisions.

The Final Report will cover the impact analysis of COVID-19 on this industry:

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