Every year is going to bring something new for the Business Intelligence (BI) industry! In the year 2017, most of the companies will focus on artificial intelligence and digitization. Here is a list of the top BI trends that will help in shaping up the future of lots of organizations.
Self-service business intelligence
In the coming years, there is going to be a high demand for user-friendly BI software that works on a single set of data. The user interface is highly intuitive and even non-technical people can easily use the self-service BI software. It will allow users to access, share content, and grant access rights to the staff to take crucial decisions based on the data available at the centralized location, i.e., data warehouse and data marts.
Growth in cloud-based data sources
In the past few years, there has been a huge increase in the cloud-based applications, which has resulted in high demand for SaaS BI deployments. This means that the demand for cloud-based BI solutions is going to increase. It will allow users to connect, analyze, and integrate the data into the company reporting initiative.
High demand of Internet of Things (IoT)
The use of IoT devices is increasing exponentially over the next few years. These devices continually communicate with cloud data repositories and create petabytes of petabytes of data. BI tools are going to be in high demand by organizations that have such data to analyze and provide insights into this ocean of data.
Increase demand of embedded BI
The next step in enhanced reporting and analytics is to make BI seamlessly integrated with your application workflows. With the enhanced version of reporting and analytics, organizations will start focusing on how to integrate BI functions into their solutions and digital workflow. This is going to lead to an increase in demand for BI tools that support such integration and customization as well as experts who can help with the implementation.
Realization of Data Quality Management and its importance
BI tools can give insights as good as the quality of data. If the data lacks relevant quality the insights will fail to meet the expectations. Gradually, companies have started realizing the importance of data quality management. In the near future, companies will invest a good amount in data quality management.
Organizations across industries and even the government are embracing analytics and changing the way they make business decisions in order to arrive at better business results. Is your organization planning to adopt or extend use of BI tools too?