After more than ten years of development, the domestic BI market has experienced traditional BI and agile BI. It is expected to enter the intelligent stage around 2025. By 2030, the intelligence of BI will also be further expanded.?The business intelligence (BI) track has experienced the migration from foreign manufacturers to domestic manufacturers, and is also undergoing a transformation from the traditional era to the intelligent era.

01  What is BI?

BI stands for Business Intelligence, which is called business intelligence or business intelligence in Chinese.?In 1996, Gartner officially defined business intelligence as: a type of technology and technology that consists of data warehouse (or data mart), query report, data analysis, data mining, data backup and recovery, etc. its application.

The core technologies of BI mainly include data storage, data ETL, data analysis, data mining, and data visualization analysis.?With the explosion of data volume and the complexity of application scenarios, the emergence of big data technologies such as Hadoop and Hive has well compensated for the ability of BI to process big data.

In 2013, the concept of big data began to be popularized in China, and the domestic BI market entered the embryonic stage.

Most domestic BI manufacturers were established around 2013, or received financing or doubled their market share.?In addition, the market share of old foreign BI products has gradually declined since this stage, and new foreign BI products such as Tableau and Qlik have been rapidly deployed in China, and Microsoft has also launched PowerView.

With the rapid development of my country's big data industry, the government has issued various support policies, a large number of innovative companies have ushered in development opportunities, and domestic BI has also emerged.?At the same time, there are two trends in the evolution of the BI industry, from IT to business, and from reporting to decision-making.

02  Agile BI?empowers more businesses

Business intelligence (agile BI) in the era of data intelligence not only has the capabilities of traditional BI query, reporting, and analysis, but also has more agile service capabilities, which can quickly respond to changes in business and needs, and can be used to assist end users at all levels in making Reasonable decision-making, the core of modern agile BI is to help enterprises establish a highly integrated and intelligent data decision-making system.

The difference between agile BI and traditional BI is that it realizes real-time analysis services through richer data sources, and allows more people to achieve self-service analysis with a lower threshold for use.

The opportunity and root of the development of agile BI lies in the fact that traditional BI can no longer meet the growing needs of enterprises for agile realization of digital assets.

03  my country has entered the first phalanx of BI

According to IDC data, the size of China's business intelligence software market in 2020 is US$580 million, a year-on-year increase of 17.1%.?In 2021, the growth rate of China's business intelligence software market will recover rapidly, and the market size is expected to reach US$700 million, with a year-on-year growth rate of 21%.

By 2025, the size of China's business intelligence software market will reach 1.33 billion US dollars, and the overall market compound annual growth rate (CAGR) will be 17.9% in the next five years.

China's data analysis and business intelligence market has just begun, digital transformation will be the biggest theme of China's economy in the next decade, and BI is one of the most certain rigid needs.?In the next 10 years, there will be 50-100 times more users in China actively using BI and data analysis, gaining a leading edge in enterprise operations and decision-making.?After more than ten years of development, the domestic BI market has experienced traditional BI and agile BI, and is expected to enter the intelligent stage around 2025.

END