The deluge of data is common to any business corporation. It is vital that business corporations leverage ‘idle’ data via data analysis to produce meaningful results. The role of business intelligence (BI) and data analytics has become ‘indispensable’ to the functioning of the modern-day business corporation. The ever-growing volumes of data from the user-end due to the extensive use of internet, mobile devices and social media can be leveraged to gain valuable insights. BI and data analytics help organizations in the process of ‘decision making’ helping them recognize the areas of improvement within the business structure. Thus, data analytics-based strategies prove to be differentiating factors for business corporations against direct competitors.
Vital statistics derived from data analytics helps lower marketing promotion costs and identifies ways to increase a company’s ROI. But it is not ‘always good in the hood’, business intelligence and data analytics have their loopholes too, the voluminous amounts of data constantly generated often become difficult to store and manage. And the necessity of security and skilled professionals to analyze data remains an area of concern. Furthermore, data analysis sometimes is a tedious process and doesn’t always produce quality results. However, there are many BI platforms and data analysis solutions providers that work to the meet the needs of this ever-growing challenge for business corporations. The analytics tools offered by these solutions providers allow corporations to automate their data analysis processes without having to depend on data scientists.
The current edition of CIO Applications presents “Top 25 BI and Analytics Companies 2017” that are helping businesses leverage data in the most efficient and swift way possible. The organizations featured are some of the most prominent ones in the industry, chosen on the basis of their comprehensive range of offerings, infusing cost-effectiveness and inducing operational efficiency. The aim of this proposed list is to help SMEs and corporations find a befitting BI platform and data analytics solution provider, that helps in achieving their set business goals.
