Why is Business Intelligence Important? All You Need to Know

Business intelligence (BI) is the process of collecting, analyzing, and reporting on data to improve business performance. Why is business intelligence important 2021, is a burning question today. BI can be very powerful; it provides insights into what’s happening in your company and helps you make more informed decisions. Statistics prove why is BI important for your business to stand out. 54% of companies have chosen business intelligence to be critical for their ongoing as well as upcoming ventures. But why is business intelligence important enough to make or break your venture? 77% of users have depicted their satisfaction from businesses that use business intelligence. The business intelligence sector is growing ng leaps and bounds. The uprising graph is expected to reach a profit of $33.3 billion by 2025 from $23.1 billion in 2019. However, not all companies are using BI effectively.

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