GITNUX MARKETDATA REPORT 2024

Business Intelligence Statistics [Fresh Research]

Statistic 1

"60% of companies believe they are underutilizing their data resources."

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Statistic 2

"Effective BI results in a 30% faster report creation rate."

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Statistic 3

"Businesses using BI solutions achieve at least 5x more accurate decisions."

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Statistic 4

"85% of business leaders believe that data-derived insights are critical to their digital transformation objectives."

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Statistic 5

"76% of companies cite the ability to make faster decisions as a primary benefit of BI."

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Statistic 6

"Proper BI can reduce operational costs by up to 20%."

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Statistic 7

"50% of businesses believe Big Data and business intelligence initiatives are necessary to stay competitive."

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Statistic 8

"The banking and finance sector forms about 21% of the business intelligence market share."

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Statistic 9

"70% of successful companies use big data analytics in their BI strategies."

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Statistic 10

"54% of firms report that BI tools significantly improve their marketing efforts."

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Statistic 11

"65% of organizations plan to consolidate their BI systems over the next two years."

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Statistic 12

"The manufacturing industry accounts for more than 29% of the BI market."

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Statistic 13

"Implementation of business intelligence systems can lead to a 25% increase in gross revenue."

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Statistic 14

"Over 71% of employees prefer self-service capabilities within business intelligence tools."

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Statistic 15

"Data and analytics can improve customer acquisition and retention by 44%."

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Statistic 16

"The global business intelligence market is expected to grow to $33.3 billion by 2025."

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Statistic 17

"90% of large global organizations will generate revenue from data as a service by 2025."

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Statistic 18

"30% of businesses say they face challenges in finding insights in their data."

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Statistic 19

"47% of survey respondents believe AI integration in BI tools is crucial over the next two years."

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Statistic 20

"Small and medium-sized enterprises represent 89% of the market in the BI space."

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