{"id":7234,"date":"2017-03-28T07:00:03","date_gmt":"2017-03-28T15:00:03","guid":{"rendered":"http:\/\/formtek.com\/blog\/?p=7234"},"modified":"2017-02-21T11:10:31","modified_gmt":"2017-02-21T19:10:31","slug":"business-intelligence-bi-and-analytics-factors-driving-the-huge-market-growth","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/business-intelligence-bi-and-analytics-factors-driving-the-huge-market-growth\/","title":{"rendered":"Business Intelligence (BI) and Analytics: Factors Driving the Huge Market Growth"},"content":{"rendered":"<p>The <a href=\"https:\/\/en.wikipedia.org\/wiki\/Business_intelligence\">Business Intelligence (BI)<\/a> and Analytics market is forecast to increase 7.3 percent this year compared to 2016 to $18.3 billion and reach $22.8 billion by 2020, according to a recent <a href=\"http:\/\/www.gartner.com\/newsroom\/id\/3612617\">report by Gartner<\/a>.<\/p>\n<p>Gartner has identified one sector of this market that it called <em>Modern BI and Analytics<\/em> which has been growing at a rate of more than 60 percent annually over the last couple of years. \u00a0Visualization and Natural Language interactions are some of the technologies driving a remake of the BI market.<\/p>\n<p>Gartner notes some of the factors that are influencing the growth and change in this market space:<\/p>\n<ul>\n<li>New technologies are creating\u00a0a new wave of products and vendors in areas like smart data discovery, machine learning and analytics<\/li>\n<li>Bigger data sets require businesses to invest in technologies to capture and clean data and support analysis of large data sets.<\/li>\n<li>Analytics are\u00a0increasingly embedded in other tools and software<\/li>\n<li>BI and Analytics are\u00a0increasingly being applied to real-time and streamed data<\/li>\n<li>The Cloud \u00a0makes adoption easier. Cloud deployment of BI and analytics can cost efficiently speed time to deployment<\/li>\n<li>The size of the BI and analytics marketplace will expand and offer more targeted and custom applications and algorithms<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<div class=\"lightsocial_container\"><div class=\"lightsocial_element\"><a class=\"lightsocial_a\" href=\"http:\/\/digg.com\/submit?url=https%3A%2F%2Fformtek.com%2Fblog%2Fbusiness-intelligence-bi-and-analytics-factors-driving-the-huge-market-growth%2F&amp;title=\" target=\"_blank\"><img decoding=\"async\" class=\"lightsocial_img\" src=\"https:\/\/formtek.com\/blog\/wp-content\/plugins\/light-social\/digg.png\" alt=\"Digg This\" title=\"Digg This\" \/><\/a><\/div><div class=\"lightsocial_element\"><a class=\"lightsocial_a\" href=\"http:\/\/www.reddit.com\/submit?url=https%3A%2F%2Fformtek.com%2Fblog%2Fbusiness-intelligence-bi-and-analytics-factors-driving-the-huge-market-growth%2F&amp;title=\" target=\"_blank\"><img decoding=\"async\" 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Google Reader)\" title=\"Google Buzz (aka. Google Reader)\" \/><\/a><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>The Business Intelligence (BI) and Analytics market is forecast to increase 7.3 percent this year compared to 2016 to $18.3 billion and reach $22.8 billion by 2020, according to a recent report by Gartner. Gartner has identified one sector of<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/formtek.com\/blog\/business-intelligence-bi-and-analytics-factors-driving-the-huge-market-growth\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72,4],"tags":[],"class_list":["post-7234","post","type-post","status-publish","format-standard","hentry","category-analytics","category-business-intelligence"],"_links":{"self":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts\/7234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/comments?post=7234"}],"version-history":[{"count":2,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts\/7234\/revisions"}],"predecessor-version":[{"id":7236,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts\/7234\/revisions\/7236"}],"wp:attachment":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/media?parent=7234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/categories?post=7234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/tags?post=7234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}