Business intelligence software has changed the way business decisions are made, transforming relevant data into actionable intelligence. This is basically the purpose of business intelligence software.
However, many organizations continue to shy away from this new technology owing to the significant investments that they entail. This is seen as the reason why many business software platforms are still wrongly seen as expensive and reserved for enterprises only. However, BI solution pricing continues to be scaled to small businesses, that many businesses, realizing what such software has to offer, have been investing in such solution, as evidenced by the fact that the global BI market is forecast to grow at a CAGR of 11.1% through the year 2022, reaching $29.48 billion.