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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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