| |OCTOBER 202119In a world where data has been considered many things, oil and gold among others, the business world has understood that it is more of a lifeline than anything else. Hence, the ability to put data through analytics and draw actionable insights conveyed to a decision-maker in a relatable and relevant format has been a game-changer. While this is, in fact, the definition of business intelligence (BI) today, the term came to life back in 1865. Back then, it was simply a means to bring data together to make a business decision. The definition that was developed close to a hundred years later is more relevant to what we use BI for today.Across 2020, the business intelligence market was valued at $8.8 billion. It is forecasted to grow over three times in less than a decade. Further, close to 50 percent of small businesses opt for virtual networks driven by BI tools at the heart of their long-term strategies. It is a direct result of a massive global data spurt as well as an effect of CIO INSIGHTSBUSINESS INTELLIGENCE: THING OF THE PAST, ROUTE TO THE FUTUREBy Sudeep Agrawal, AVP & Head IT, ReNew PowerAfter completing engineering Sudeep joined the corporate sector and contributed with sales and management skills to information technology budgeting and partnership development for businesses.ISudeep Agrawal, AVP & Head IT
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