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Importance of Business Intelligence

What is Business Intelligence?

Business Intelligence is a set of methodologies, processes, architectures, and technologies that transform raw data into meaningful and useful information used to enable more effective strategic, tactical, and operational insights and decision-making.

The value BI programs have delivered has helped companies achieve fantastic productivity and process improvements. The highlights include improvements in:

  • Data visibility
  • Speed to decision
  • Performance measurement
  • Knowledge sharing /collaboration
  • Predictive modelling

BI Trends in 2019

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BI Trends (Timeline) 2016 – 2019

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(source: bi-survey.com)

The Future of Business Intelligence (BI)

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Business Intelligence Investments by 2021

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Source: Forbes