When choosing to implement a business intelligence (BI) system, the attention is often focused on finding the right BI product. However, it’s equally, if not more, important to choose the right BI vendor that offers the tool. It’s a crucial factor to consider as it will mean the streamlining of the implementation process, the quality of training and support, and the integration of systems as needed.
In this article, we’ll go through the most successful business intelligence companies of 2020. In this way, you’ll get to know the entities behind the creation and distribution of the top business intelligence programs to date. What’s also great with getting to know the companies is that you might stumble across other enterprise software products available that you might be interested in as well.
More businesses, big and small, are realizing the importance and benefits of having one of business intelligence platforms in place, mainly gaining insights off their data. For a detailed look at these benefits, you can check out our analysis of the 5 benefits of using business intelligence.
Which industries are adopting BI platforms the most? In 2018, insurance and technology companies became the biggest users of business intelligence applications, followed closely by business services and wholesale and retail organizations.
The same study reveals that these industries’ adoption of BI tools was spurred by the need to improve the areas of executive management, operations, and sales. Meanwhile, for 2019, a Business Application Research Center study pointed at quality management as the most important area where industries are looking to improve on. The quality of data and the context and insight it provides takes precedence over the sheer volume of data made available for analysis. The increasing importance that users place on visualization is reflected by its occupying the next position. It makes sense, as it has always been noted that without a simplifying tool, all that data simply means nothing to users who are not technically strong in that area.
Research and Development (R&D)%
Operations (e.g. manufacturing, supply chain, services)%
Information Technology (IT)%
Marketing and Sales%
Business Intelligence Competency Center%
Source: Statista Estimates, Forbes, DresnerDesigned by
In this article, we compiled a list of business intelligence software companies based on the fundamental criteria in picking the right vendor. Some factors we looked at include the experience of the vendor, their pricing, implementation speed, and the support they offer for their products.
Sisense is known and considered as one of the leaders in business intelligence. It’s a business analytics software company founded in 2004 with products that specialize in the analysis of big data. It has both back-end and front-end for non-technical users to analyze large volumes of data sets from multiple sources powered by in-chip technology and for creating visualizations (such as reports and dashboards) on any device including mobile devices, respectively.
Sisense features include a smart and easy-to-use data gathering and manipulation module. What’s great about this top product is it also allows you to create real-time dashboards for better and faster business decision-making.
If you want to check its features before committing to a plan, you can easily do so when you sign up for a Sisense free demo.
Main product: Sisense
Headquarters: Tel Aviv, Israel and New York City, New York
Pricing: Sisense has an annual license model with custom pricing. With that, the cost of your subscription is priced specifically for your business based on the number of users, the volume of data, type of project, and timeline of the project, among others.
Implementation speed: One of Sisense’s strengths is its fast implementation process. Setting up and deployment of the product are finished within a matter of days as there are no additional servers and hardware to set up.
Sisense has established its name in the BI world with its top-notch solutions, where they garnered premier rankings in customer satisfaction. It’s easy to see why—Sisense is powerful. It handles all types and sizes of data. It’s highly scalable as your organization accumulates more data, and its in-chip technology easily processes high volumes of data coming from various data sources so you won’t have to spend on additional servers and hardware.
Detailed Sisense Review
Looker is one of the younger players in the BI market, as it was only established in 2011. However, the vendor shows potential in quickly adapting to their customer’s needs and catching up with their more established competitors. With a core mission of providing access to consistently defined data to everyone in your organization, even the average business user can use its product with ease and explore data in varying levels of details.
In June 2019, Google announced that it was acquiring Looker for $2.6 billion.
Looker features include a live connection to any SQL database, fully customizable and exportable reports, customizable dashboards, web-based deployment, and many others.
If you are interested in the product, the vendor offers an attractive demo. Simply sign up for Looker demo.
Main product: Looker
Headquarters: Santa Cruz, California (later Mountain View, CA after Google acquisition)
Pricing: Looker provides a custom pricing structure based on your number of users, the scale of deployment, and database connections. This is to ensure you get the right features you need for your business.
Implementation speed: Using a modern approach, Looker can deploy the platform in hours as it is browser-based and installed within your existing infrastructure. Depending on your preference, you can host the platform on Looker’s server or your own server.
If you’re looking for a pared-down yet robust interface, Looker is a great choice for your needs. Its browser-based big data interface operates in the database completely to deliver analytics to both non-technical and more advanced users. It also has a proprietary data modeling language and quick implementation.
With its recent acquisition by Google, Looker will also benefit from Google’s immense resources in cloud computing.
Detailed Looker Review
Wyn Enterprise is the proprietary product of GrapeCity Inc., a multinational corporation based in Sendai, Japan. However, the company has major office locations in several countries, including China, Australia, and the U.S.
The company was founded by American Paul Broman in Miyagi prefecture, Japan. It was initially named Bunka Orient Corporation, providing clients with school management software, among many others. It grew and changed its name to GrapeCity. Also, more than a decade ago, it acquired two U.S. tech companies to help its expansion.
Now, its Wyn Enterprise product is making waves in the industry. This provides professionals with tools to create complex dashboards and reports without knowing how to code. You can even source different types of data from different locations and integrate them for analysis. If you are interested in its features, you can check out the product yourself when you sign up for a free trial.
What’s more, is that it has other features that round out its offering. These include the modules for operational planning, animations, visual data explorer, and many more. Of course, core Wyn Enterprise features include data analytics, modeling, reporting tools, and specialized portals for users.
Main Product: LeySer School Management System
Headquarters: Sendai, Japan
Pricing: Quote-based plans
Implementation speed: The product is easy to install and use without much technical knowledge. You can use it meaningfully in some operational manner within hours.
Wyn Enterprise offers an easy-to-use platform that is computationally powerful. This gives your teams across departments a better chance of creating highly-visual and accurate reports needed to make data-driven decisions. Moreover, GrapeCity has been in the software industry for decades, providing clients with customized solutions. You can’t go wrong with this company.
Qualtrics is a successful experience management company with co-headquarters at Seattle, Washington, and Provo, Utah. Founded in 2002, it was acquired by SAP, a multinational software corporation catering to businesses, for $8 billion. The acquisition process was closed just last January 23, 2019.
Qualtrics Research Core is its business intelligence software solution that makes actionable insights more accessible to businesses.
Many features come with the product. These even include user experience monitoring, competitive benchmarking, and advertising and message testing. You can check out these unique features easily when you sign up for a free trial.
Key Qualtrics Research Core features include shopper research, data management, compensation management, statistical analysis, perception and awareness research, and segmentation and targeting. Moreover, it has modules for multi-channel survey management and one for testing names and concepts.
Main Product: Qualrics Research Core
Co-headquarters: Provo, Utah, and Seattle, Washington
Implementation speed: It takes hours setting up the product and days to get it more or less operational if you have a large set of needs. Also, you may take weeks to be good at using the tool.
It is complete with robust features for testing products, customers, concepts, and even names. You can even conduct perception and awareness research as well. This doesn’t just visualize data like other solutions. This is a top app that also bridges you and your customers better.
Detailed Qualtrics Research Core Review
Founded in 2006, Connexica is known for making data easier and quicker to manipulate and understand. With its headquarters at Staffordshire, England, it provides users with the popular business intelligence software, CXAIR Platform.
This product allows its users to use data to create evidenced-based actionable insights that they can use to optimize their business processes. What’s more, is that this comprehensive feature set is packaged in an easy-to-use interface.
You can see the product in action when you sign up for a free trial.
Core CXAIR features include a report viewer, interactive Venn diagrams, data stories, visual analytics, crosstabs, data rules, and dashboarding. These allow you to use your real-time data to inform your real-time business decision making.
Main Product: CXAIR Platform
Co-headquarters: Staffordshire, England
Pricing: Around $6537per year (£5,000)
Implementation speed: This depends upon your needs. It can take up to days or weeks.
The platform is an easy data-discovery tool with different user-types. Full users can create visualizations and dashboards while viewer users can analyze them, slice them, and many more. The only difference is that they can’t create reports. This is perfect for your analysts or if you are in consultancy.
Detailed CXAIR Platform Review
Advanced Systems Concepts, Inc. (ASCI) is a software engineering and consulting company founded in 1981 that specializes in developing system software management solutions. ActiveBatch, ASCI’s all-in-one workflow automation tool, is created to consolidate and control multiple enterprise processes that range from data analytics and business process management to IT management and infrastructure organization.
Aside from the abovementioned, ActiveBatch features include troubleshooting tools, multi-data sourcing options, compliance trackers, and collaboration functionalities. Moreover, the software provides users with all these in one low-code interface that is mobile-ready and highly configurable. With this at your disposal, it is easier to perform business intelligence tasks and yield valuable insights for your company.
If you want to get to know the product more, you can always check out our detailed review.
Main product: ActiveBatch
Headquarters: Hoboken, New Jersey
Pricing: Attivio only offers custom pricing as per organizations’ needs.
Implementation speed: Tagged as an easy-to-deploy solution, ActiveBatch’s length of deployment varies, depending on various factors, such as the size of the project, and the security requirements. This can range from a few weeks to a few months.
It’s a strong choice if you’re looking for a BI solution that can not only help you make sense of your company’s data but also enable you to automate business processes and optimize resources. This way, you can make data-driven business decisions in line with your short- and long-term goals.
Detailed ActiveBatch Review
Infragistics, the maker of the Reveal BI platform, is a popular developer tools company that has been in operation for 30 years. The company is best known for developing UX and UI toolkits and a range of developer applications. The developer is, however, regarded as a pioneer in the provision of analytics capabilities to businesses.
In 2012, Infragistics acquired SouthLabs in a bid to expand its footprints in the data analytics space. The move gave the company the impetus it needed to make a giant leap into the BI, analytics, and data visualization market. Consequently, in 2016, the company turned SouthLabs’ dashboarding tool for iOS into RevealPlus — a self-service data visualization and BI tool. The vendor offers a comprehensive free trial to get you up to speed with the features.
Then, in August 2018, Infragistics launched Reveal, a purpose-built embedded analytics platform. Reveal is the culmination of Infragistics concerted effort to streamline data access, analytics, and visualization. The platform leverages innovative data visualization techniques to help users view and act on critical data.
Main Product: Reveal
Headquarters: Cranbury, N.J.
Implementation speed: Unlike the legacy BI and analytics platforms, Reveal has a flexible architecture built with modern technologies like the native SDKs for various devices. Moreover, the solution doesn’t involve a cumbersome series of imports and exports across different solutions. For these reasons, Reveal offers simple setup, and it integrates quickly with the back-end proprietary system.
Reveal is a force to be reckoned with in the business intelligence (BI) and analytics industry. The platform offers numerous benefits that make it suitable for independent software vendors, SMBs, and large enterprises. For example, it offers a flexible architecture which makes it super easy to embed analytics into apps. Other Reveal features include an exceptional UX, powerful analytics and visualizations capabilities, and has no hidden metering costs.
Detailed Reveal Review
Zoho Analytics is a product of Zoho Corporation, an Indian software development company with global headquarters at Chennai and US headquarters at Pleasanton, California. However, there are plans to move its U.S. base to Austin, Texas, by 2021.
Zoho Corporation has taken the SaaS world by storm by offering many different products that are priced a little lower yet have the same computational power and usability as top brands. Zoho Analytics is one of them.
And, like all its software siblings, it is very easy to use even if you are not a seasoned analyst or data scientist. Zoho Analytics simplifies the complex and complicated concepts and tools for thinking and packages it in a well-design interface. You can easily see what we mean by this by checking out the product via a free trial.
Core Zoho Analytics features include its self-service BI module, different chart types, embedded analytics, mobile apps, drag-and-drop interface, dynamic filters, formula engines, and pivot tables. Moreover, it is offered with multi-language support.
Main Product: Zoho CRM
Co-headquarters: Chennai, India
Pricing: There is a free plan available for two users with five workspaces. Paid plans start at $22.50 a month.
Implementation speed: For smaller organizations, you can implement this pretty easily and have something operational by a day or two. For larger organizations, it can take weeks to have everything connected and for some staff to be trained.
Firstly, Zoho Analytics is robust and powerful. Secondly, it is easy to deploy and use. Thirdly, it is cheap. Fourth, it has a free version for two users. This is perfect for a small organization or a large organization with a small band of analysts, data scientists, or analytics professionals.
Detailed Zoho Analytics Review
An Australia-based multinational BI vendor, Yellowfin offers a product that specializes in analysis, reporting, and sharing. It was founded in 2003 with a product that emphasizes keeping it simple and open for the lay-user.
With Yellowfin, you can create highly-visual and shareable dashboards for reports. Moreover, it includes collaboration tools to help users share and communicate better over the network. What’s more, is that the dashboard is so easy to use that a first-time user wouldn’t have a hard time navigating the interface.
Yellowfin features include collaborative BI tools, Data Storytelling, and modules for both data preparation and data transformation. If you want to learn more about the program, you can sign up for a free trial.
Main product: Yellowfin
Headquarters: Melbourne, Victoria, Australia
Pricing: Yellowfin’s products are offered in enterprise licensing from a free plan up to $1,750/year for 5 users, and a custom pricing for enterprises.
Implementation speed: The deployment length of Yellowfin only takes up to hours and days.
With ease-of-use as its priority, Yellowfin is a good choice with its more than 50 data visualization types, ad-hoc analysis, and location intelligence functionality. While not as popular as other products, its offerings are more than sufficient for common BI requirements.
Detailed Yellowfin Review
Infragistics is a global software company founded in 1989 that focuses on UI (user interface) development tools. Also, it branched out to application prototyping industry, developer support, and UI and UX training and consulting, among others. It has a robust BI product called Reveal that enables you to visualize your KPIs with real-time dashboards and rich interactive reports.
Formerly ReportPlus, Reveal features include 26 different data visualization options, multiple chart types, customizable widgets, dashboard creation, and the collation of data from many disparate sources. If you want to know more about the product, you can check out our detailed Reveal review article.
Detailed Reveal Review
Headquarters: Cranbury, New Jersey
Pricing: Infragistics’ ReportPlus is available in two subscription models starting from $99.99 per user per year for the Server and Desktop-and-Mobile editions. There’s also an annual server fee of $5,000.
Implementation speed: The timeframe is dependent on your chosen deployment method, which can take from days to weeks.
Its BI service specializes in business analytics and data visualization, where it’s considered as one of the best-of-breed software in its niche. It lets you create, access, and share interactive dashboards and visualizations in the touch-enabled app and drag-and-drop features on any device with true self-service BI.
Qlik is a pure BI vendor founded in 1993 with products for business intelligence and visualization. Its main product, QlikView, is used for self-service BI reporting, visual data discovery, and data dashboards creation and sharing.
The other offering is QlikSense for more free-form analytics where you can develop data and web connections with API connections.
Both solutions are very intuitive to use. You can check out its main product intuitive features when you sign up for a free trial.
Qlikview features include natural search, DynamicBI search, App scripts and Workbench, and its highly-visual interacting dashboards, apps, and analytics.
On the other hand, QlikSense features include a data storytelling functionality, self-service functionality, smart search, and a shared object library–all in a rapid development environment.
Detailed QlikView Review
Main products: QlikView, QlikSense
Headquarters: Radnor, Pennsylvania
Pricing: Qlik’s products start with free editions for basic or personal use. It has scalable subscription models starting at $15 per user per month and licensing options, which are available on request.
Implementation speed: Personal edition products can be downloaded from Qlik’s website immediately. Meanwhile, three main phases are performed for Qlik’s product deployment for enterprise editions. Hence, it may take a few weeks to complete.
It has two reliable BI products to match your business intelligence needs. Qlik focuses on harnessing human intelligence and using BI tools to amplify it. With that, it’s an effective solution for self-service data visualization, embedded analytics and reports, and guided analytics apps, among others.
SAP is a Germany-based multinational software corporation founded in 1972 that develops enterprise software for handling business and customer relations. It’s the world’s largest software developer and the third-largest independent software company by revenue.
The giant IT vendor offers a broad range of BI products that led the company to dominate the BI and analytics market over the years. The company’s BI division is called SAP BusinessObjects, which is a suite of front-end applications for accessing, viewing, and analyzing BI data.
SAP BusinessObjects Lumira features include data visualization, secure sharing, and data transformation.
On the other hand, SAP Crystal Reports features include custom templates, field explorer to manage report, a repository for component reuse, and a workbench tool for managing projects.
Detailed SAP BusinessObjects Lumira Review
Main products: SAP Lumira; SAP Crystal Reports
Headquarters: Walldorf, Germany
Pricing: The licenses of SAP’s products have pricing variations due to their different inclusions and offerings. For instance, cloud-based products, such as SAP Analytics Cloud, start from a subscription of $24/user/month.
Implementation speed: Depending on the product, SAP’s BI applications can be implemented fairly quick in just a few weeks instead of months for cloud-based and on-premise implementation models.
SAP holds the biggest BI market share because of its wide range of effective BI solutions aimed toward various industries and company sizes, from SMBs to large enterprises. On top of its wide array of other solutions that you can seamlessly connect with your BI platform, SAP’s BusinessObjects products work with multiple data sources in different formats, making it a broad and robust BI solution with self-service functionality.
Tableau Software is a BI company founded in 2003. Its product, available in desktop, server, and online, focuses on interactive data visualization. Also, Tableau offers two more products to simplify BI for free: Tableau Mobile (free Tableau Online/Server mobile companion) and Tableau Public (free Tableau Desktop/Online version).
Main Tableau features include interactive dashboard creations, drag-and-drop easy interface, metadata management, and many more.
Detailed Tableau Review
Main product: Tableau (Desktop, Server, and Online)
Headquarters: Seattle, Washington
Pricing: The pricing of Tableau’s products are subscription-based. It comes with a per-user monthly fee paid annually, starting from $35/user/month. Enterprise licensing is also available.
Implementation speed: The timeframe of implementation mostly depends on your organization’s size and deployment method. For instance, it has a Quick Start Service: a 4-day server implementation timeframe for SMBs, 2 days for out-of-the-box server deployments, and 2-hour increments for the desktop version. Meanwhile, enterprise-level deployment comes in four phases.
The products of Tableau Software are robust in drilling down data and visualization for any user. It’s also built for querying various database types and constructing visualizations from the results. This can then be read in a variety of forms (i.e., maps, bar graphs, and pie charts) to leverage data discovery and understanding.
Developed by SAS Institute, SAS is a software suite for business intelligence, advanced analytics, predictive analytics, and data management. It was originally developed from 1966 to 1976 and then further improved during the 1980s and 1990s. Its collection of products mine, modify, handle, and retrieve data from various sources and then perform statistical analysis.
SAS Business Intelligence features include mobile BI, smart reporting, collaboration tools, easy-to-use analytics, and data visualization.
Detailed SAS Business Intelligence Review
Main product: SAS Business Intelligence
Headquarters: Cary, North Carolina
Pricing: SAS products are offered in custom pricing schemes to match the requirements of different types of users. The licenses are offered to enterprises, SMBs, individuals, academics, and government.
Implementation speed: For the full deployment, including training, the process may range from weeks to months.
It’s an established company in the BI market. With various modules included, it offers an integrated suite for discovering and collecting enterprise-level data. It integrates with Microsoft applications and includes real-time analytics.
One of the “Big Four”, Microsoft is a popular, established name in the IT industry. This multinational tech company is a developer and manufacturer that supports, licenses, and sells a variety of services, consumer electronics, and computer software, among others. It holds one of the largest market shares in the BI world with its array of products.
Microsoft Power BI features include customizable dashboards, datasets, reports, Ad Hoc Analysis, and Online Analytical Processing. If you are interested, you can learn more about the program in our in-depth detailed review.
Detailed Microsoft Power BI Review
Main products: Microsoft Power BI; Azure Analysis Services; SQL Server
Headquarters: Redmond, Washington
Pricing: Microsoft’s products are available in subscription-based models, per-node, per-month capacity pricing, and volume licensing and hosting. There are also free plans available for some products, such as the Power BI Desktop edition.
Implementation speed: For Power BI, implementation is quick and easy. You just have to sign up for an account and download the software.
Microsoft is a familiar name in many households and organizations. With that, it’s reliability and performance has been proven over time. When it comes to business intelligence, its product, particularly Power BI, is a robust visualization tool with direct integrations with Excel and various other data sources. It provides great data visibility and correlates disparate data.
IBM is another giant IT vendor and member of the Big Four. IBM itself is a century-old corporation that, based on employee number, is recognized as the second-largest firm in the U.S. It entered the BI industry after purchasing Cognos in 2007. Cognos, before IBM acquired it, has been around for years developing BI solutions for LAN. After its acquisition, IBM Cognos quickly rose as a BI mega-vendor following the merge of their tech.
IBM Cognos features include automatic visualizations, smart search, reporting templates, data protection, and many more. You can check out our detailed review of the solution if you are interested in IBM Cognos.
Detailed IBM Cognos Review
Main product: IBM Cognos (Analytics, Controller, and Integration Server)
Headquarters: Armonk, New York
Pricing: The product is available in various plans. Pricing starts at $1,990/month, $10,000/month, and $19,950/month for Workgroup, Standard, and Enterprise plans, respectively. The vendor also offers custom pricing.
Implementation speed: The process and timeframe can vary based on company size and requirements.
IBM Cognos has various components and over 30 products for dashboarding, reporting, data integration, and business intelligence. Its market edge lies in its flexibility to support the largest corporate giants and SMBs at the same time. The apps can be used with relational and multidimensional data sources from a wide range of vendors such as Microsoft and Oracle, among others.
Infor, a multinational enterprise software company, acquired Birst, a startup company with a SaaS delivery model for business intelligence to administer big data integration and customer analysis in 2017. Founded in 2004, Birst is considered a young player, yet it has proved to be a reliable BI solution with easy-to-use tools and robust features.
Birst features include a user data tier, embedded enterprise-level analytics, mobile optimization, and automated data refinement (ADR), among many. You can check out other features in our detailed Birst review article.
Detailed Birst Review
Main product: Birst
Headquarters: San Francisco, California
Pricing: Birst comes in custom pricing. Hence, a quote is required for your organization’s information and requirements.
Implementation speed: While dependent on your company’s scale, the implementation process of Birst is fairly quick due to its cloud architecture.
Birst has self-service analytics, visual discovery, mobile tools, and a robust automated data refinement feature that are offered at an overall low cost of total ownership. It has end-user self-service and enterprise-grade scalability.
Domo, a computer software company founded in 2010, develops business intelligence tools and data visualization services. This vendor is funded by an A-list of investors, angels, and CEOs of the world’s biggest internet and SaaS businesses. It’s founded by a team of talents from various industries such as Google, LinkedIn, SAP, Facebook, and Amazon, among others.
Domo features include dashboard creation, social sharing tools, data visualization, and many data connection options. Also, if you are interested in Domo, you can check out our detailed review.
Detailed Domo Review
Main product: Domo
Headquarters: American Fork, Utah
Pricing: Domo offers subscription-based pricing for its three plans starting from $83/user/month.
Implementation speed: Since it’s a cloud-based solution, Domo’s implementation process is shorter. It can take up to one to two months or even shorter, based on your company’s requirements and scale.
Geared toward executives and CEOs in various industries, Domo is a reliable choice in building a digitally connected organization. It shines in enabling users to access information and reports from a single platform and connecting data with a wide array of connectors.
GoodData was founded in 2007 by NetBeans and Systinet founder and CEO Roman Stanek. It delivers end-to-end cloud analytics for companies of all data enterprises. The platform helps users produce on-demand reports by aggregating separate data sets and putting them together.
GoodData features include real-time cloud access, pre-built analytics packages, connectors, APIs, and its famous data modeling module, among many. If you are interested in GoodData, you can check out our detailed review.
Detailed GoodData Review
Main product: GoodData
Headquarters: San Francisco, California
Pricing: With a custom pricing scheme, requesting a quote is necessary for the vendor to know your organization’s needs.
Implementation speed: The process is shorter than the traditional BI systems as it’s a Platform-as-a-Service solution. An implementation-dedicated course is also given to users as part of training.
GoodData allows managers, analysts, and even other people in the organization to find a reliable single source of truth. It connects to multiple data sources and consolidates them into actionable insights. With these outcomes, users can even tap into collective learning from its other users to arrive at an accurate, data-driven conclusion.
iDashboards is a tech company with software-based BI dashboard solutions. It offers a fully-customizable data management and visualization tool with a cloud-based version and supplementary visualization tools to support its primary products.
iDashboards features include dashboard customization, high-levels of authority, analytics, scheduled reports, street-level mapping, and many more. You can learn more about the program in our more detailed review.
Detailed iDashboards Review
Main product: iDashboards
Headquarters: Troy, Michigan
Pricing: The pricing model of iDashboards is dependent on your company’s requirements and structure; hence, it only provides custom pricing. Its product always includes unlimited dashboards and data connections, custom reports, and real-time alerts.
Implementation speed: iDashboards are installed as a web server, which means its implementation time only takes a couple of days to, at most, weeks.
iDashboards is known as a cost-effective alternative to other BI products due to its offering of a low cost of total ownership and licensing. It also has a fast-paced mechanism for transforming data into interactive dashboards with just a few clicks.
According to the latest business intelligence statistics, the projected global growth of the BI market from 2016 to 2022 is at 11.1% CAGR, with the market reaching $29.48 billion. This is an increase of $13.84 in just seven years, which is also 88.49% of the market’s worth during the period.
The growth of the market is not just due to the adoption of the tool by large enterprises. Many small businesses today are coming into the fold of business intelligence use. More than 46% of businesses use business intelligence tools’ virtual networking features for their business strategy.
Together with analytics tools, the global business intelligence market is bound to reach $26.78 billion in 2020 easily. Both sentiments and the numbers point to a future where we will be witnessing a new wave of adoption in this software category. This isn’t just necessarily in America or the English-speaking world.
In fact, 37% of Asia Pacific manufacturers rely on business intelligence already. We expect this penetration rate to skyrocket in the coming years.
So, we’d gamble that business intelligence tools will be ubiquitous in the future. Analytics will be used in more industries and even by non-profits and governments. Also, there will most likely be adopters coming from mission-based organizations and educational institutions. If you are interested in more business intelligence projections, you can check out these eleven business intelligence trends this 2020.
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