Business Intelligence market, by Service (Managed services, Professional services), by Data Type (Unstructured, Semi-structured, Structured), by Application (Predictive asset maintenance, Fraud detection and security management, Supply chain optimization, Network management and optimization, Workforce management, Sales and marketing management, Operations management) - Global Revenue, Trends, Growth, Share, Size, and Forecast To 2022

Chicago, IL -- (SBWire) -- 04/04/2017 --Business Intelligence defined as the process of analysing huge volumes of enterprise data usually stored in large databases such as data warehouses. BI detects the hidden trends and patterns in data, track the business performance and assist the business users to make improved decisions based on real-time data. From a marketing stand point, Business Intelligence can be described as a strategic management tool that can support executives and business users to make improved decisions that are necessary for day to day operations, tactical and strategic planning.

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KEY PREMIUM INDUSTRY INSIGHTS

The major factors driving the Business Intelligence market are increasing adoption of cloud, growth of advanced analytics, adoption of data-driven decision-making, and the emergence of Internet of Things (IoT)-enabled technologies.

The market is growing rapidly because of the transformation from traditional techniques for analysing business data to advanced BI techniques and the massive surge in the volumes structured and unstructured data.

RESEARCH METHODOLOGY

The research methodology for Scalar Market Research's Business Intelligence market report utilizes a combination of top-down and bottom-up research formats. Our primary focus on continuous market tracking, rigorous fact-checking, data-triangulation, and multiple layers of quality control ensures high-quality data that can be leveraged for actionable research insights

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