![]() ![]() Their objectives? SMEs are investing in BI solutions to grow their revenues, improve their decision-making, and increase their competitive edge. Their priorities? According to Forbes, over the last four years, SMEs have been prioritizing big data, data management, and data catalogs, with a continued focus on dashboards, reporting, data warehousing, and advanced visualization. Forbes reports that in 2018, businesses with under 100 employees have the highest rate of BI penetration or adoption. Chiefly driven by the need to improve performance and revenues in sales and marketing departments, small and medium-sized businesses are finally getting on the bandwagon, adopting or upgrading to BI systems in record numbers. ![]() ![]() As a result, even small businesses (1-100 employees) and medium-sized enterprises (100-1000 employees) can reap many of the crucial benefits that Big Business gets from their BI systems.Īnd apparently, more SMEs are doing just that. More self-service tools are being designed for small and medium-sized enterprises (SMEs). Getting smalland software#While the technological advances of BI tools have allowed large organizations to leap forward in profitability and market responsiveness, most smaller organizations have sat by, often assuming that BI solutions were too costly, too cumbersome, or too advanced to be cost-effective for a business of their size.īut as the technology continues to evolve, powerful BI software has become more available, accessible, and more affordable for the smaller set. For decades now, business intelligence-the strategies and technologies that organizations use to analyze and understand their data-has long been considered the domain of big business. ![]()
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