Business Intelligence (BI) Software Market in China

Business Intelligence (BI) Software Market in China 2008-2012

 Business Intelligence (BI) refers to the applications and technologies used for gathering, providing access, or analyzing information about a company's operations. Business Intelligence systems can 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. ( http://www.bharatbook.com/detail.asp?id=129591&rt=Business-Intelligence-BISoftware-Market-in-China-2008-2012.html )

 The constant requirement of business organizations to get an insight into the current trends and new market opportunities; along with the complete information on suppliers, distributors, and customers is driving the demand for Business Intelligence applications. Further, the necessity to turn 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.

 In China, Business Intelligence is an evolving strategy, and is presently going through the developmental phase. BI is becoming an integral part of business processes in many large organizations. The increased IT spending by the industries (including government and finance) and constant support by the government organizations in the development of IT infrastructure favor the growth of the BI market in China.

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