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Business Intelligence (BI) refers to applications and technologies that are used for gathering, providing access, or analyzing information about a company’s operations. Business Intelligence systems help companies have a comprehensive knowledge of the factors affecting their business; for example, metrics on sales, production, and internal operations. Various tools and applications of BI include query reporting & analysis tools, data mining tools, and data warehousing tools.
The constant requirement from business organizations for getting the insights of current trends and new market opportunities, together with the complete view on suppliers, distributors, and customers, is driving the demand for Business Intelligence applications. Further, necessity to turn the power of knowledge into better business decisions by integrating information from different business functions (marketing, finance, and operation) is also driving the demand for Business Intelligence applications. Business organizations seek BI software to understand their business and customers better, which helps increase their market share. Banking and finance institutions are the biggest spenders on business intelligence, followed by the retail and telecom sectors.
The report forecasts the size of Business Intelligence Software Market in Retail Industry over the period 2008-2012. It also segments the market into various geographic regions. Further, it discusses the key market trends, drivers and challenges of this market in the Retail Industry, and profiles some of the key business intelligence software vendors of this Industry.
Global Business Intelligence Software Market in Retail Industry 2008-2012: http://www.companiesandmarkets.com/r.ashx?id=1E64J2POZ144614
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