A data-driven trend report on the transformation of BI and the role of automation and AI as drivers for change in business operations, decision making and work culture.
Companies float in a constantly growing ocean of internal and external data. This study provides an overview of the latest trends in Business Intelligence (BI) and Advanced Analytics that enable decision-makers to leverage this data for deeper insights, leading to better-informed decisions and ultimately increasing business profitability. The research was conducted using Reply’s SONAR Trend Platform, to create an overview and mapping of relevant trends based on their occurrence within expert media articles, mass media, patents and scientific publications.
Today
Tomorrow
The future may look foggy at present, but business intelligence leaders can carve a path to a sustainable outlook and competitive advantage. Future BI trends are all part of a quickly evolving model that is essential to the progression of modern businesses.
In a world where data is exchanged, adapted, and modelled, the essential basics of maintaining the integrity of both first-part and external data will be fundamental – both from hygiene and governance perspectives - in operating high-performance BI systems at scale.
Not everyone is a data analyst, but having data to inform strategic decisions is necessary for growth. Allowing people from across the spectrum of technical abilities to access insights is essential to enable a diverse group of decision-makers to think broadly about strategic business imperatives.
More data needs to be processed in more advanced calculations in a shorter time. Processing performance evolves at the intersection of hardware, software & data engineering. To be among the top BI players in the market these competencies need to handle the complexity brought by advanced analytics, machine learning and more of various complex data formats.
The true value of BI tools is in the data they produce ensuring this data is not just gathered but also analysed, interpreted and acted upon is what will set some strategies apart.