BI Market grew 20% over the past year  

Business intelligence (BI) is an umbrella term that includes the applications, infrastructure and tools, and best practices that enable access to and analysis of information to improve and optimize business decisions and performance.  BI is a technology that involves processes and procedures to strengthen our capacity for collecting, sharing, and analyzing data and making informed decisions. 

The BI platform continue to evolve by offering more sophisticated analytics capabilities to a broader range of users, with easier and more automated self-service capabilities. In the last 2-3 years, factors such as increasingly discerning consumers, coupled with stringent government and industry regulations and a volatile marketplace, have led to the adoption of BI.  Companies are slowly realizing the hidden potential of BI. According to a recent study by Nucleus Research, an average of $10.66 can be earned for every dollar spent on analytical applications such as BI and predictive analytics - a 1000 percent return on investment! The revenue of India's BI Market to reach $ 304 Million in 2018, as per Gartner.

Key Takeaways: Business intelligence (BI) market is beginning a new wave of disruption. Worldwide revenues for Big Data and Business Analytics (BDA) solutions will reach $260 billion in 2022 with a CAGR of 11.9 per cent over the 2017-2022 period. BDA revenues are expected to total $166 billion this year, an increase of 11.7 per cent over last year. 

Cool Vendors: Qlik, SAS, Tableau, Microsoft, IBM, Salesforce and SAP.