Business intelligence (BI) refers to the ways organizations collect, analyze and use their company data. We’ve put together this infographic of business intelligence stats to show you what its worth is to businesses today.
Big data—a term used to describe the enormous volumes of data that modern organizations have to deal with—has completely shifted the way businesses run their operations.
Digitally-mature companies are now expected to have a firm grasp on their data in order to grow their services and remain competitive; and this is often achieved through adopting cloud solutions to leverage data that already exists in the company—unused.
Of businesses that adopt the cloud, 87% of them report business growth from their cloud use. 41% of businesses are able to directly attribute business growth to their use of cloud services.
Business intelligence means using digital tools to mine that data and turn it into something actionable for decision makers to use—whether it’s responding more effectively to customers or re-evaluating an inefficient warehouse floor plan; the ways in which data can be used by SMBs is virtually endless.
In spite of its uses, many SMBs are still lagging behind frontrunners in digital transformation. About one-third of organizations describe themselves as “data-driven”, leaving a lot of room for adoption.
Related Post: The Benefits of Business Intelligence: Utilizing Analytics for Strategy
We created this infographic to demonstrate the value of business intelligence to companies who are still on the fence about adopting new tech.
Check out these business intelligence stats:
