Month: August 2020

Business Intelligence Market : Industry Analysis, Size, Share, Growth, Trends and Forecast – 2026

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Aug 09, 2020 (AmericaNewsHour) —
Kenneth Research has published a detailed report on Business Intelligence Market which has been categorized by market size, growth indicators and encompasses detailed market analysis on macro trends and region-wise growth in North America, Latin America, Europe, Asia-Pacific and Middle East & Africa region. The report also includes the challenges that are affecting the growth of the industry and offers strategic evaluation that is required to boost the growth of the market over the period of 2019-2026.

The report covers the forecast and analysis of the Business Intelligence Market on a global and regional level. The study provides historical data from 2015 to 2019 along with a forecast from 2019-2026 based on revenue (USD Million). In 2018, the worldwide GDP stood at USD 84,740.3 Billion as compared to the GDP of USD

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Top 10 Best Analytical Processing (OLAP) Tools: Business Intelligence

List of some popular Online Analytical Processing (OLAP) Tools:

Business intelligence is growing by leaps and bounds in the current scenario. The predictive analytics market is expected to grow to 10 billion in next 3/4 years.

To meet up the future demands, many software is enhancing their features by implementing complex algorithms, machine learning, and artificial intelligence to improve decision making and make forecasts.

Top Analytical Processing (OLAP) Tools

Before we move on to OLAP tool selection criterion, we must first understand what OLAP is.

Online Analytical Processing

It is a computing approach that answers multi-dimensional analytical queries at a much faster pace and in a smoother manner. OLAP is a unit of business intelligence (BI). It holds the relational database and data mining and reporting features within or in other words, OLAP encompasses RDBMS and data mining & reporting.

OLAP tools give capacity to the user to analyze multidimensional data from multiple perspectives.

All

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Business Intelligence’s impact on driving better decision making

Decision Making Business intelligence

This is a guest post.

Business Intelligence can be interpreted as the technological process for one to scan and inspect raw data for gathering actionable insights and converting that insight into an informed decision for business. Using BI solutions companies are not only able to study their past performance but also predict the future trends.

BI practices are able to increase performance of their activities as they are more focused and data driven, leading to much higher results in performance and outputs. The combination of new generation analytical tools and machine learning has given BI a huge boost to using raw data for insights.

Let’s understand how BI has impacted the business world by allowing for more informed decision making:

Business intelligence software like Microsoft Power BI, comes with interactive dashboards and visualizations options for looking at different components of business in a meaningful way. It increases the understanding of

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Traditional BI Buzzwords for Modern Data Teams

About a year into Chartio, we’d moved into our first real office in the Founder’s Den. Another Denizen came by and said something to the effect of “Oh, you guys are in the BI space…” and then proceeded to drop about a dozen buzz words, only a couple of which I knew. I’d interviewed almost 100 companies about how their data processes and needs but at that point I realized I’d completely missed researching any vendors of the traditional BI market and the incredible amount of jargon that that community comes with.

As it turns out BI is an incredibly jargon filled industry as a result of it being historically so fragmented, with the largest players owning less than 10% of the market [1]. These giant pieces of software took months to install and integrate so trials were few and far between. Deals were won by one sales and marketing

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