Studies suggest the Business Intelligence market is growing well worldwide

Business Intelligence

Establishing a business intelligence company is likely to be the next big thing and one of the most viable ideas in the business world. The major players in the business intelligence sector include Oracle, Microsoft, and IBM. A new report titled “Global Business Intelligence Market in the Healthcare Sector 2018-2022” provides in-depth analysis, practical strategies, prospects and competitive analysis of the industry. The report provides an in-depth geographical analysis that covers various regional markets in the world including Latin America, Asia Pacific, Europe, and North America.

The comprehensive report provides potential investors with critical insights, future growth prospects, and future trends in the next four years. The market report was compiled by HTF Market Intelligence consulting Private Ltd, a reputed and well established business intelligence company. According to HTF, the major players in the international business intelligence sector, healthcare segment include: SAP, Oracle, Microsoft, and IBM.

A senior analyst from HTF has affirmed that the most popular trend in the market is the fast-growing nature of mobile BI. Consumers continue to fast adopt smart devices including tablets and smartphones. Additionally, many organizations have continued to embrace the idea working-from-home to boost the mobility of workers. As a consequence, employees working from remote areas have remarkably increased in the recent past.

The HTF report also suggests that the main driver for the business intelligence (BI) market is the vast acceptance of data analytics. The healthcare industry is adopting data analytics to make cost savings, enhance revenue, and optimise the efficiency. Data analytics also assist in eliminating the strenuous process of assessing the requirements of patients and tracking the health data. Therefore, data analytics is helping many organizations to assess the data patterns to provide patients with personable healthcare services and optimise the levels of patient satisfaction.

The report also points out that the existence of many open-source BI vendors hinders the growth of the BI market. The number of open-source vendors providing a wide range of BI applications and BI tools has remarkably increased in the market. The major vendors include JasperReport, KNIME, SpagoBI, BIRT, and Pentaho. The many open-source vendors provide a vast assortment of products that can provide diverse functionalities provided by on-demand or on-premises BI software.

In essence, the HTF report combines both primary and secondary data including feedback from the core participants in the market. The report also includes in-depth vendor and market analysis to reinforce the SWOT analysis of the major vendors. A business intelligence company needs to be strategically positioned to help potential investors identify and exploit the available growth opportunities. Successful BI companies have vast experience, the right research tools, and exceptional leadership that assist prospects to realise their business goals as soon as possible.

Reports suggests Oculus Quest will clock 1 million sales by early next

VirtualReality

SuperData, a firm specializing in analysis and research, has recently released its latest report on the different kinds of immersive technology, like virtual reality (called VR), augmented reality (abbreviated as AR) and mixed reality (MR). The report focuses on revenues for sales of hardware and software for various products and also provides insights and projections for revenues for this sector.

In the report, SuperData remains confident that one of the major events in the immersive technology sector will be the launch of the stand-alone Oculus Quest Virtual Reality system. The firm predicts in its report that the sales of the newly launched Oculus Quest will be three times that of the Oculus Rift in the first year that the Quest will be available, a major step forward for the potential of VR CAD.

Superdata Reports suggests Oculus Quest will clock 1 million sales by early next year, which has the potential to make Virtual Reality a mainstream technology. Superdata expects that the combines sales of Oculus Go and Oculus Quest will ensure that the total virtual reality sales are more than doubled, with the total sales of these products expected to be approximately two and a half million units in the year 2019 throughout the world.

Other major developments which have been mentioned in Superdata report on the immersive media sector are the massive growth in Augmented Reality and VR entertainment based on location. The report claims that Mobile Augmented reality revenue is likely to double over the last year, and at the end of the year 2018, the revenues are estimated at approximately $2 Billion (USD). By the year 2021, VR software revenues will be surpassed by mobile AR revenues for the first time and these mobile AR revenues are likely to exceed $17 Billion.

The Head of SuperData XR, Stephanie Llamas claimed the latest research and analysis of industry data by the firm indicated that 2019, will be the year of virtual reality. The firm has integrated the research and market data it already has, and finds that VR is becoming increasing popular among consumers. She said that launch of the popular Oculus Quest and sales of the product in large quantities, will make it a mainstream product.

SuperData has also noted the increase in the user base for Augmented reality, and the combined number of customers for ARCore and ARKit have reached a total of 117 million monthly. Additional information on the immersive technology sector report can be obtained from the official website of SuperData.

How do I get my business info in one place?

Steam Software write and distribute proprietary Sales, Marketing and Knowledge Management software that operates via the internet to speed up system implementation and reduce system costs. One simple over riding principle is because there is no hardware, software or network equipment to purchase and because our applications are accessed through a standard Web browser, your IT department will not need to implement or maintain our solution, saving you money. Many of the “usual” PC based costs simply do not apply with a browser based Business Builder solution. There is no need to be concerned about specifications of your PC’s because if you are running a reasonably recent browser, for example IE or Firefox, your PC’s are already capable…

Although just CRM can be purchased, Steam has written and distributes a family of business integration products under the brand Business Builder. All systems are written in Java 2 and access via the web, from simply anywhere with browser access to the internet (thin client technology). Options include renting the applications, or if required configured and customised to your specific business need, the model for all Steam Software installations is that we are happy to take our robust, proven products and cost effectively configure or customise them to your requirements..and a licence can be purchased.

The product family sits on the proprietary rapid application toolset NetNucleus and incorporates a full functionality CRM system, Knowledge Management and ecommerce solutions, which share common reporting and product database modules. Using Steam Technology the full supply chain can be automated and managed via the web: Supplier and Customer Portals are often incorporated into the business system, with legacy system data seamlessly integrated into your on line single Business Builder database to graphically provide an automated view of key business analytics.

Problems with ecommerce?

Trading on line isn’t really the problem nowadays. Many vendors can provide a solution that works and tells you when you have an order to fulfill. The very real problems are in two areas: Managing the staff tasks to get goods out the door in a timely manner and keeping track of stock requirements can be a real headache. By definition orders placed on line happen automatically and it can be easy to lose track of the actual stock position, leading to orders unfulfilled and unhappy customers. Also, over time it is easy for prices on line to drift out of synch with your “traditional” price lists, as both databases have had to be managed separately. Marketing data from on line sales has so far had to be imported into PC based Customer management systems, or re entered, which is slow and inefficient. This approach often generates staff tasks rather than freeing up time.

Solution

The latest generation of on line shops (such as Business Builder) are integrated shops and CRM / marketing systems, sharing EXACTLY the same product database and reporting modules all on the internet. This means the staff tasks required to manage the fulfillment process can be automatically allocated and tracked so bottlenecks can be easily identified. Orders placed on line can be viewed real time behind a single Order Pipeline database system, with orders to supplier automated based on reorder levels being hit. Nothing to import as they are a single system! Any product database changes you choose to make to text, pictures, pricing or stock on your “normal” system are reflected real time on your on line shop and marketing data is viewed as it happens behind CRM systems.

How will technology make me more profit?

On its own technology won’t. but modern technological advances do allow your existing, multiple databases to be viewed on the web on one Business Builder database system. (This is known as systems convergence). Web based technology can greatly simplify your business systems, putting business information in one place at your fingertips in simple to understand graphs or allow on the fly analysis of your existing databases. Your infrastructure costs and dependence on internal human IT support also reduces compared to traditional server / client systems, as all that is required is PC access to the internet and we host, support and upgrade your Business Builder system as part of the package.

By making the right information more readily available you will be able to make better decisions more quickly. Better knowledge = better decisions = more profit !

Business Builder systems are available just like a secure website. And as nothing is downloaded onto viewing PC’s or laptops your data is more protected.

Depending on the module(s) used, Business Builder analytics can tell you – real time – about customer performance, cross selling opportunities, which are the best prospects, staff activity against KPI’s, which type of marketing is working for you, automate stock management and ordering from suppliers and automate staff tasks around ecommerce AND allow you to run multiple on line shops from a single product database.

How will technology make me more profit? Less infrastructure cost, better decision making, better staff activity control, simpler systems.

How do I make sales activity more productive?

Sales or telesales productivity relies on motivated staff and accurate tracking & management of activity to enable management and sales staff to make better decisions. It is a balance between providing the information staff need to do their job better (assuming they are fully skilled) and tracking their activity against KPI’s (assuming they may need developing) to identify non performance and subsequent training needs where appropriate. The less time sales staff spend producing call reports and crunching numbers the more free time they can spend in front of customers & prospects.

Business Builder can present key business information to field, telesales and management automatically. This is updated realtime, can be viewed in simple to understand graphs, and is accessible from anywhere on the planet that has access to the internet. With full Outlook integration and mobile / Blackberry / PDA access to BB databaes available, all the information needed to do their jobs better can be seen in one place.

Staff no longer need to fill in call activity reports. Business Builder analytics track call activity, identify open tasks, manage quotes and the order pipeline objectively warn you of key accounts performance when theres a problem and flag up cross selling opportunities. No more excuses – by making this information available at your fingertips decision making will improve.

Copyright 2020
Tech Nerd theme designed by Siteturner