Technologies

Business Intelligence Market Development Status, Emerging Technologies, Regional Trends and Comprehensive Research Study 2025

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Jul 11, 2020 (AmericaNewsHour) —
The Global Business Intelligence Market was valued at USD 17.15 billion in 2016 and is projected to reach USD 147.19 billion by 2025, growing at a CAGR of 26.98% from 2017 to 2025.

Business Intelligence (BI) refers to technologies, applications and practices for the collection, integration, analysis, and presentation of business information. BI encompasses a wide variety of tools, that enable organizations to collect data from internal systems and external sources, prepare it for analysis, develop and run queries against that data, and create reports for better decision making process. Benefits of business intelligence include – improve efficiency, better inventory management, identify new revenue opportunities, and get insights to make accurate and timely business decisions.

The Final Report will cover the impact analysis of COVID-19 on this industry:

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5 Types of Business Intelligence Technologies Explained

3. Ad Hoc Reporting

Self-Service Data InsightsAd hoc as a Latin phrase simply translates to “for this”. It refers to a solution that was created for a specific question or problem and is not meant to be changed or adapted for different tasks. Ad hoc reporting is a common business term that references a report or model that is produced for the purpose of answering a specific business question. The main reason for ad hoc reporting may be to fill in a blank on an as-needed basis where a regular report did not.  Or, it may be used to aid the making of an important business decision. For example, as the manager of a shop, you may need to decide whether you should purchase new equipment. You can create some ad hoc reporting to determine if purchasing the equipment would increase profitability. Lastly, the data retrieved from an ad hoc report will

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