Business intelligence has come a long way since first being introduced in the 1950s to predict supplies based on past sales of teas and cakes in a United Kingdom tea shop. This infographic from Slashdot.org looks at the trends surrounding business intelligence and business analytics and their worth in modern business. Across industries, companies are seeing high profitability roll out from the use of analytics in their business strategy.
Main points of interest:
- ROI and new profitability is a big pull for bringing in business analytics. One customer saw an ROI of 2800% and a $2,088,677 annual average benefit.
- Healthcare professionals are flocking to BI tools in droves. Some of the driving forces behind this strategy are management of rising costs, quality of care, improvement of patient outcomes and customer satisfaction growth.
- Consulting, Technology, Healthcare, Financial, Retail, Education and Manufacturing are the top industries adopting business analytics tools today.
- BI is not just for the multi-billion dollar companies. Almost 21% of companies with 101 – 1,000 employees have adopted BI programs to improve their small to medium sized business processes.
If you have any questions or thoughts about how a business analytics strategy would benefit your business, let us know.