Social Business Intelligence Market Top Companies, Trends and Growth Factors Details for Business Development

Business Intelligence (BI) solutions enable business users to access business data volumes and analyze them to generate insights, though they do not have data science and analytical skills.

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The Top players in global market, 
IBM, Oracle, SAP, SAS Institute, Adobe Systems, Attensity Group, Beevolve, Clarabridge, Crimson Hexagon, Evolve24, Google, HP, Kapow Software/ Kofax, Lithium Technologies, NetBase Solutions, Radian6/Salesforce, Sysomos, Cision

Social business intelligence refers to the management technique that merges groups to share data effectively in order to improve overall efficiency of operational processes. It offers better opportunities to employees for recognising customer demand through open management of product and resources. Social business intelligence also aids in improving various aspects of analysis, social media and analytics.

The major factors driving the BI market are increasing adoption of cloud, growth of advanced analytics, adoption of data-driven decision-making, and the emergence of Internet of Things (IoT)-enabled technologies. The market is growing rapidly because of the transformation from traditional techniques for analyzing business data to advanced BI techniques and the massive surge in the volumes structured and unstructured data.

In social business intelligence systems, one of the main challenges faced by organisations while adopting cloud services is data security. With an increase in the demand for cloud-based services, most of the organisations are shifting their workloads to the cloud from on-premise systems. Security breaches and privacy concerns pertaining to sensitive data are big challenges faced by vendors offering cloud-based solutions.

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SOURCE satPRnews