Global Business Intelligence and Analytics Platforms Market Forecast

Global Business Intelligence (BI) and Analytics Platforms Market 2023-2027. The analyst has been monitoring the business intelligence (BI) and analytics platforms market and is forecast to grow by $17.99 bn during 2022-2027, accelerating at a CAGR of 8.5% during the forecast period. announces the release of the report "Global Business Intelligence (BI) and Analytics Platforms Market 2023-2027".

Our report on the business intelligence (BI) and analytics platforms market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the rising need to improve business efficiency, increasing use of smart connected devices, and the exponential increase in data.

The business intelligence (BI) and analytics platforms market is segmented as below:

By End-user


• Healthcare


• Government

• Others

By Deployment

• On-premise

• Cloud

By Geographical Landscape

• North America


• Europe

• Middle East and Africa

• South America

This study identifies the flourishing medical tourism industry globally as one of the prime reasons driving the business intelligence (BI) and analytics platforms market growth during the next few years. Also, the rising demand for data integration and visual analytics and the movement of big data to cloud will lead to sizable demand in the market.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the business intelligence (BI) and analytics platforms market covers the following areas:

• Business intelligence (BI) and analytics platforms market sizing

• Business intelligence (BI) and analytics platforms market forecast

• Business intelligence (BI) and analytics platforms market industry analysis

This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading business intelligence (BI) and analytics platforms market vendors that include Argano LLC, Fair Isaac Corp., Global Software LLC, Hitachi Ltd., InetSoft Technology Corp., International Business Machines Corp., Microsoft Corp., MicroStrategy Inc., Oracle Corp., Palantir Technologies Inc., Panorama Software Inc., QlikTech international AB, SAP SE, SAS Institute Inc., ScienceSoft USA Corp., Sisense Ltd., Tableau Software LLC, TARGIT AS, TIBCO Software Inc., and Yellowfin International Pty Ltd. Also, the business intelligence (BI) and analytics platforms market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

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Best Places To Work - Ivalua

Ivalua, a global leader in spend management, today announced that it has been ranked by Comparably among the top 100 companies with the best outlook, best global culture, and best departments in engineering, marketing, and sales. The award methodology takes into account anonymous votes from employees across all Ivalua's departments and international office locations.

The list of award winners is part of Comparably's Best Places to Work series and includes the overall top-rated companies of 2023 according to their employees. Employees answer questions about different workplace topics such as leadership, team, compensation, perks & benefits, work-life balance, career growth, environment, outlook, etc. The final data set was compiled from over 15 million ratings across 70,000 companies globally. In December 2022, Ivalua had been awarded Best Company for Culture, Women, and Diversity.

"We are thrilled to receive these awards, a testament to our ongoing commitment to our core values, in particular, Care for & Grow People," said David Khuat-Duy, founder and CEO of Ivalua. "I strongly believe that it is our people who shape our company culture through their daily interaction with colleagues, customers, and partners."

Ivalua employs 900 people worldwide who are united by an empowering vision, mission, and five core values that underpin the company's culture.

Vision: Ivalua believes that digital transformation will make supply chains more efficient, sustainable, and resilient, and unlock the power of supplier collaboration.

Mission: Ivalua's mission is to empower its customers through a truly unified platform providing them with the automation, collaboration, and business insight they need to better manage their spend and suppliers

Culture & Values: Customer-centric, Collaboration, Results-oriented, Care for and Grow people, and Integrity.

Ivalua is a leading provider of cloud-based Spend Management software. Our complete, unified platform empowers businesses to effectively manage all categories of spend and all suppliers, increasing profitability, improving ESG performance, lowering risk, and improving employee productivity. We are trusted by hundreds of the world's most admired brands and recognized as a global leader by renowned industry analysts. Learn more at and follow us at @Ivalua and search for #LifeAtIvalua on our social media channels for further insights into what it's like to work for Ivalua.

Comparably (now a ZoomInfo company) is a leading workplace culture and corporate brand reputation platform with over 15 million anonymous employee ratings on 70,000 companies. With the most comprehensive data on large and SMB organizations in nearly 20 different workplace categories – based on gender, ethnicity, age, experience, industry, location, education – it is one of the most used SaaS platforms for employer branding and a trusted third party site for workplace culture and compensation.

Malaysian Ringgit Currency Fate

Over the past year, Malaysian ringgit (MYR) has been one of the most resilient currencies among the major 10 Asia currencies that we track. As the Federal Reserve (Fed) started to tighten monetary policy in March last year to rein in inflation, so risk-sensitive currencies began to decline. However, MYR only lost 6.5% over the past 12 months, outperforming even the global majors, such as the Japanese yen and the Australian dollar, which devalued by 15% and 7.7% respectively (see the chart above).

However, things started to turn sour in February. Over the past month, MYR has been the worst-performing currency among the 10 major Asian currencies that we track (see the chart below). Indeed, MYR has risen above all key moving averages and closed at 4.4730 against the U.S. dollar (USD) on Friday, setting a new three-month high. Meanwhile, the ringgit also traded mostly lower against its Asian counterparts. It eased versus the Singapore dollar (SGD) to 3.3255/3269 from 3.3210/3252 set on Thursday, fell against the Thai baht (THB) to 12.8998/9105 from 12.8583/8789 previously, and depreciated vis-a-vis the Philippine peso (PHP) to 8.16/8.17 from 8.13/8.14.

The ultimate reason for the general decline in most Asian currencies is essentially the same. Investors have turned bearish on riskier assets, such as emerging markets' debt, after the Fed indicated that it would continue hiking interest rates for longer. Rising U.S. Treasury yields due to the Fed's hawkish stance on monetary policy are making riskier assets less attractive.

'The relative underperformance of MYR vis-a-vis other Asian currencies is primarily attributable to the fact that Bank Negara Malaysia (BNM) has been rather cautious in its approach to monetary policy during the current tightening cycle,' explained Kar Yong Ang, a financial market analyst at OctaFX

Indeed, BNM has hiked the rates by only 100 basis points since May and its benchmark interest rate, which currently stands at 2.75%, is still among the lowest in the region. The last hike took place in November last year and Malaysian monetary policy tightening has been essentially on pause ever since. Thus, the divergence between the U.S. and Malaysian monetary policies widened, putting a downward pressure on MYR.

This week should be rather decisive for MYR as BNM's monetary policy committee will meet to decide on the overnight policy rate on March 9. The market seems to expect BNM to keep the rates unchanged, but in our opinion, a hawkish surprise is quite probable. Two factors are making a rate hike more likely this time around:

No signs of a recession. China, one of Malaysia's top trading partners, recently recorded a very strong growth in its manufacturing and services sectors. According to NBS Purchasing Managers' Index (PMI), China's manufacturing activity expanded at the fastest pace in more than a decade in February 2023, as production zoomed after the lifting of COVID-19 restrictions late last year. In addition, a private survey showed that China's services PMI advanced to 55 in February, signaling more vigorous expansion in the sector.

On balance, the Malaysian economy is strong and will likely continue to expand in 2023. The economy of the Asia Pacific region in general is expected to pick up in the short term with gross domestic product (GDP) projected to expand by 3.1% this year, according to a new report published by the Asia-Pacific Economic Cooperation (APEC) Policy Support Unit. MYR, which has already devalued by more than 5% since late January, will increase aggregate demand in the Malaysian economy and will likely fuel inflation. In addition, rising interest rates in the U.S. will continue to dampen investors' sentiment in the emerging markets.

'It looks prudent for the BNM to hike the rates preemptively in order to offset the negative impact of the hawkish Fed in advance. While forecasting future changes in interest rates is extremely difficult, I believe that BNM will undertake a forward-looking approach and will hike the rates by 25 bps this week. Furthermore, there are signs that the market itself is beginning to price in more rate hikes ahead as the yield on Malaysian 3-year government bonds has risen to 3.465%, the highest in more than two months,' the OctaFX expert Gero Azrul commented.

If BNM does increase rates on March 9, MYR will appreciate and USDMYR exchange rate will likely drop towards 4.400 and possibly below. Alternatively, if BNM decided to leave the rates unchanged, USDMYR will likely continue to trade in a sideways mode with a minor bullish tilt, targeting 4.500.

Exciting Changes Happening at Twitter

Twitter has recently made exciting changes to its management team. The company appointed a new CEO and several other executives, all of whom are focused on driving the company forward. These changes come at a time when Twitter is facing increased competition from other social media companies. The new executives will be tasked with ensuring that Twitter remains competitive in the market. They will also be responsible for developing strategies to increase user engagement and grow the platform's user base. Hopefully, with the new management changes, Twitter is poised to make greater progress in the future.

The new changes are designed to make Twitter more efficient, innovative, and responsive to the needs of its users. The team comprises experienced professionals from various backgrounds, including technology, media, and marketing. The team is focused on improving Twitter’s user experience by making sure it’s a platform for meaningful conversations and engagement. They are also working on innovative ways to ensure Twitter remains competitive in the ever-evolving digital landscape.

Twitter is making these changes at a time the company looks to build a diverse and inclusive workplace. And the changes come at an opportune time; with the new hires, Twitter is looking to create a culture that promotes innovation and collaboration while also staying true to its core values. Twitter’s changes could well shape the future of the giant company. The changes saw the appointment of a new CEO, Jack Dorsey; it included forming a new board. These are seen as efforts to make Twitter more competitive in the social media world. Interestingly, the new CEO and board of directors have started implementing radical ideas on how Twitter should be run. The strategies include transparency and focusing on product innovation. These changes might lead to improved user experience and future success.

Further, Twitter’s new CEO, Jack Dorsey, and Chief Financial Officer, Ned Segal, have been tasked with bringing about a new era of innovation and growth for the social media platform. The assignments come at a time when Twitter seeks to increase its user base and compete with giants like Facebook and Instagram. With the addition of the two experienced executives, Twitter is signalling that they are serious about making changes that will benefit users and investors alike. The changes might potentially lead to effective management. It will surely be interesting to see how the developments help Twitter meet its objectives in the coming months and years.

The changes come with an increased focus on product development, customer experience and user engagement. With these changes, Twitter is looking to become a robust platform that helps people connect in new ways. Twitter’s move is a major shift in the company’s management structure; it’s part of ongoing efforts to become a user-friendly service. The changes have been made to ensure the company keeps up with the latest business trends.

Twitter’s new management comprises senior executives from different departments, including marketing, product, engineering, and operations. The team is expected to bring fresh ideas and perspectives to Twitter, which should help them stay ahead of the competition. The changes are meant to demonstrate to Twitter users that the company is taking proactive steps towards ensuring its global leadership position in the social media space. Ultimately, they indicate Twitter is committed to providing its users with the best experience on their platform.

Interestingly, Twitter has recently taken a firm stance against abusive users and their content. The move is meant to ensure the platform is safe for millions of users; the users rely on the platform to connect with people, share news, and express themselves. Twitter's new policy focuses on identifying and removing accounts that are used to harass or bully. The company will act against accounts that promote hate speech or violence. In addition, Twitter plans to use AI-based tools to detect abusive language in tweets before they are posted and alert the user about potential violations of its terms of service.

Twitter’s move is a step towards creating a safer online environment for all users, regardless of their backgrounds or beliefs. It also shows the company is taking its responsibility seriously when it comes to protecting users from abuse and harassment. The company has recently announced it will implement stricter rules and regulations to ensure users keep off hateful or derogatory language. The rules will be enforced by a team of moderators who will review tweets for any offensive content. If such content is found, appropriate action will be taken against the user. This can include account suspensions or permanent bans from the platform.