BI is a combination of tools and techniques used to transform raw data into meaningful information for the critical business decision-making process. It helps users to analyze data, receive information from various channels or business activities, and use the information in organizational opportunities and to improve business efficiency.
The unstructured data type is expected to grow at unprecedented levels with the proliferation of IoT devices, smart cities, sensors, and cameras. Capturing unstructured data and generating insights from this data will eventually help enterprises to uncover customer shopping patterns and detect trends that will help them to serve customers in a better way.
The North American region, followed by Europe, is expected to continue as the largest revenue-generating region for BI vendors over the next five years, as enterprises in the U.S. and Canada have a high focus on innovations obtained from research & development and technology.
In 2018, the global Business Intelligence market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
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