Business Intelligence (BI) solutions continue to evolve, and are moving in new directions which is good news for those businesses who already rely on a BI solution. Businesses of the future know that the huge amount of data available, both from inside their own organizations and outsourced from companies specializing in expert data (like getchee) can be coupled with BI innovations designed specifically to help organizations improve their business outcomes. Here are some of the trends we can expect to see in the BI industry in the coming years.
1 – BI for big data
These days huge amount of consumption data can easily be collected from internal or external sources creating what we now know as “big data“. Organizations will continue to invest in developing more advanced strategies for acquiring, organizing, and analyzing these big data banks using BI tools.
2 – Mobile BI
lightning-fast connections, supercomputing platforms, and storage capabilities is poised to revolutionize mobile business models. Users will be able to explore data at any time, in any place, gaining access to information wherever they are, allowing them to make even high-level business decisions immediately. Mobile BI strategies will be developed to accommodate this change in the way people are working and moving in the mobile universe.
3 – BI in the cloud
Although there are many debates on big data in the cloud service and security issues, cloud BI is still in the mainstream of business intelligence strategies. The benefits of cloud BI are similar to other cloud computing technology: reduced data center and IT management costs, faster deployment times, and increased flexibility as business needs change. Because of the rapid deployment of development environments and as security protocols improve, more internal data and critical applications will be moved to the cloud and cloud BI service will begin to find solid traction.
4 – Social intelligence BI
Social media and other Web 2.0 technologies have presented organizations both with new opportunities for growth, as well as unexpected risks to that can be difficult to identify and mitigate. Social intelligence currently allows users to find, discuss, rank data, reports, and analyses that they find useful. It allows users to share information, ask for feedback, provide commentary, and be notified based on the preferences set. Social intelligence is fast becoming part of most organizations’ overall business strategy, providing a platform where businesses, partners, and customers connect to shape business models. Businesses will continue to see the formation of complex social intelligence and BI integration models in the future.
5 – Self-service BI
Self-service BI will let business users and analysts create personalized reports and analytical queries without an IT department’s involvement. Business users will have better access to critical information at the right time, giving their companies a competitive edge that allows them to discover new business opportunities. Most BI tools are moving this direction quickly. With the rise of mobile, big data, and cloud serves, self-service BI will contribute a formidable impact on business strategy.