You must have seen the amount of paperwork and data created by your company if you work in a professional office, or own your own business. While you may already know that your business needs to consider business intelligence, here are three Business Intelligence statistics you should know about as well.
Spending on Business Intelligence services will increase
As per a leading, global management consulting firm A.T. Kearney, global spending on Big Data hardware, software, and services will increase at a CAGR of 30% through 2018, putting it at a total market size of $114 billion dollars.
Cloud-based Business Intelligence is growing too
Cloud-based business intelligence will grow quicker than we imagined. The predictions say that cloud-based Business Intelligence will grow from $.75B in 2013 to $2.94B in 2018, reaching a CAGR of 31%. Cloud-based BI is the road to the future.
The server market for HPDA will grow rapidly
International Data Corporation (IDC) forecasts the server market for HPDA, or high-performance data analysis will grow at a 23.5% compound annual growth rate reaching $2.7B by 2018. You need to consider if the servers your business is currently using will be enough for your future needs knowing that the demand for servers that can handle high-performance data analysis will be high.
We are awarding some of the best Enterprise Data Intelligence Solution of the year along with other categories at the 3rd Indian ISV Awards 2018, an initiative from itVARnews (Techplus Media Publication) to acknowledge the best ICT Solutions by ISVs (independent software vendor), Systems Integrators, Solution VARs, and MSPs across India. To know more, visit the website now. (http://www.isvawards.itvarnews.com/)