Top Ten Business Intelligence Trends for 2017
Business Intelligence tools have changed the way organizations manage their business processes. It has become extremely popular in the business world and so many organizations from big to small are implementing it to boost their growth and increase the profit.
From helping the organizations make better decisions regarding their business to understanding the customers’ behavior in a more effective manner, BI has become a ‘must have’ for organizations these days. In this day and age, where everything is growing at a fast and innovative pace, Business Intelligence tools are also evolving in a great manner to help the organizations match up with the growth. Every year we observe a swing when it comes to business intelligence trends. There is always usually a drift in the way business intelligence solutions function which makes BI so scalable. Needless to say, experts did extensive research this year as well to figure out the top ten business intelligence trends for 2017. So if you’re interested in knowing about the top ten BI trends then keep on reading!
Following are the top ten business intelligence trends for 2017:
1. Modern BI would be accepted as the standard form of BI
Modern BI has so many advantages. It offers end to end self-service for the users. It eliminates the need of users going to the IT department with their business related queries. Data governance would not be limited to only the analysts but will extend to even the non-analysts. So modern BI will become the new face of BI for organizations all around the world helping them reach their envisioned goals in a more effective way.
2. Collaborative analytics will take the lead
Collaborative analytics offers plethora of beneficial features which in turn helps improve the operational efficiency of an organization. Collaborative analytics will be the spotlight for the organizations. From sharing live, interactive data using cloud functionalities to answering their own questions, users will be able to perform multiple functions in an organization thereby enhancing the overall performance of an organization.
3. All forms of data would be treated equally
Data is an integral part of an organization. And BI uses data to manage the business processes. Commonly, data gets sorted out based on its shape or size as part of the BI process to work on it. But it’s time to bid adieu to those practices as data, no matter what its source, shape or size is would be treated equally. Users will be able to access and work on all forms of data to make better business decisions which in turn will lead to better growth of the organization.
4. Data prep will no longer be limited to only analysts
From access to data governance to answering their own business related questions, data prep will also be added to list of functionalities a single user can work on with without needing the help from the analysts. This wonderful change to adopting self-service data prep as a part of non-analysts work-flow will make data widely accessible for everyone thereby creating a balanced environment.
5. Embedded BI will spread the analytics use in everything
Analytics is important for all kinds of organizations, big or small. Embedded BI is a great tool and it would be adopted widely making sure that it extends the roots of analytics everywhere. It works in such a way that users are not aware of the fact that they are making use of analytics to drive business and make better decisions.
6. IT will play a major role
IT department will not just be limited to answering data related queries of the users and generating business reports, the IT department will go above and beyond that basic functionality. From helping the organizations in data governance and flexibility to maintaining alertness and data security,in 2017,IT will have a significant breakthrough.
7. Data will be accessible to users in a more natural way
With Natural language processing and generation as the newest member of the BI tools, users will be able to interact with the data in the most natural and innovative way.
8. Cloud will become more popular
Cloud platforms and cloud analysts will become mainstream in 2017. Organizations will be making more use of cloud analytics. Cloud analytics is a highly scalable and flexible form of technology which will help organizations stay ahead in the game.
9. Advanced analytics will become more prevalent
Advanced analytics would not be limited to only data scientists and research experts. People from non-analytical background will also be able to gain access to this field in 2017. Advanced analytics has outstanding features which in turn will help the organizations in leaving their mark on the business market.
10. Data literacy would be promoted widely as a skill
Organizations all around the world revolves around data. Data analytics will be promoted widely in 2017 to get accepted as a fundamental skill people need to know in order to make better business decisions in an organization.