Business Intelligence Market Trends and Growth in Enterprise Business

Abstract

In today’s digital economy, every business runs on data. According to the IBM reportthe world creates 2.5 quintillion bytes of dataevery day. In that perspective, this is equivalent of saying that 90% of the data, which exists now, has been created in the last two years. This is because the IT industry continues to rapidly evolve as well as volume of the analytical data is also increasing drastically. In the world, 47% of business professionals report dealing with slow or untimely access to information which impedes their business to make proper decisions at right time. It could be accomplished by implementing Business Intelligence. Delving into predictive analysis can give a competitive edge by going beyond the plain analysis. Not just reacting to changing market conditions but predicting them will be a huge competitive advantage. 22% large-sized business requires business intelligence capability to report budgeting, planning, and forecasting their business and future growth.