Dictionary – B

Business Intelligence Curated By thedigitalfellowacademy
img

BI (Business Intelligence) is a set of processes, architectures, and technologies that convert raw data into meaningful information that drives profitable business actions. It is a suite of software and services to transform data into actionable intelligence and knowledge – guru99
Facts to Know:

1. The global business intelligence market is predicted to expand from $15.64 billion in 2016 to reach $29.48 billion by 2022, with 11.1% CAGR. – (Stratistics MRC)
2. Meanwhile, the global mobile business intelligence market was valued at $4.103 million in 2016 and is expected to reach $16 billion by 2023, at a 21.6% CAGR. (AlliedMarketResearch)
3. More than 46% of small businesses use business intelligence tools’ virtual networking features as a core element of their business strategy. (GrandViewResearch)
4. Together with analytics tools, the worldwide business intelligence software market is projected to reach $26.78 billion by 2020. (ResearchAndMarkets)
5. When combined with big data, the worldwide business intelligence and analytics software market is valued at $54.1 billion and is predicted to grow 11.2% CAGR until 2022. (IDC)

Meaning: A/B testing is the act of running a simultaneous experiment between two or more variants of a page to see which one performs the best. – UNBOUNCE

📌Facts to Know: My own personal experience after consulting and advising over 120 companies 90% don’t know / hardly use it 👎🏽 sad but that’s the truth ! 

1. Better UX design as a result of user testing can increase a company’s conversion rate by 400%. (Entrepreneur, 2020)

2. 71% of companies run two or more A/B tests a month. (Invesp)

3. 77% of companies perform A/B tests on their websites. (Invesp)

4. 60% of companies perform A/B tests on a landing page. (Invesp)

5. 60%of companies believe A/B testing is highly valuable for conversion rate optimization. (Invesp)

📌Which side of these statistics are you on? 

📌Where can you apply A/B Testing today? 

If you’d like us to help you with this, get in touch on our WhatsApp number: +91 9967630329

Meaning: A/B testing is the act of running a simultaneous experiment between two or more variants of a page to see which one performs the best. – UNBOUNCE

📌Facts to Know: My own personal experience after consulting and advising over 120 companies 90% don’t know / hardly use it 👎🏽 sad but that’s the truth ! 

1. Better UX design as a result of user testing can increase a company’s conversion rate by 400%. (Entrepreneur, 2020)

2. 71% of companies run two or more A/B tests a month. (Invesp)

3. 77% of companies perform A/B tests on their websites. (Invesp)

4. 60% of companies perform A/B tests on a landing page. (Invesp)

5. 60%of companies believe A/B testing is highly valuable for conversion rate optimization. (Invesp)

📌Which side of these statistics are you on? 

📌Where can you apply A/B Testing today? 

If you’d like us to help you with this, get in touch on our WhatsApp number: +91 9967630329