Check out the top 6 trends for Business Intelligence
Business Intelligence (BI) is constantly evolving and, in recent years, with the advent and popularization of technologies such as Artificial Intelligence (AI), machine learning and the cloud became essential resources within Businesses.
As with computing in the third industrial revolution, much of what we have known about Business Intelligence until now is already obsolete, and therefore companies need to constantly work on upgrading and training their teams.
Thus, staying on top of key business intelligence trends is critical for ensuring that your business always has the best insights and stays competitive and efficient.
In this article, we list six aspects that all organizations that use or intend to use BI need to know about technology in 2019. Check it out!
1. Data Governance
As companies begin to deal with an increasing amount of information, data governance becomes one of the most relevant business intelligence guidelines.
According to the BI Survey, among the top professionals in the area, good governance is one of the priorities within the businesses in which they work, especially in sectors such as finance and telecommunications, and should be emphasized in 2019.
This is because duplicate or inaccurate data hamper the outcome of Business Intelligence and discourage the use of this solution. Comprehensive and actionable data policies, aligned with GDPR and other general data laws, which have been enacted in several countries (as is the case in Brazil), make governance a motto within companies.
2. The use of storytelling
Most of the projects that focus on BI already use storytelling resources to transmit ideas by using data. With the popularization of Business Intelligence solutions and their use within multiple areas of organizations, the trend is that this becomes the rule.
After all, getting information to the team is as relevant as ensuring accuracy of the analyses.
Systems with advanced data visualization tools that allow you to understand all the steps that leads to the discovery of insight and professionals who can tell these stories will be big in 2019. The creation of a data culture that allows all members of the organization read and use it on a daily basis depends on those systems.
3. Advances in Artificial Intelligence
Artificial Intelligence is a resource that was born associated with data analysis and they are always evolving together. The emergence of explainable AI, which uses human language and machine learning to discover information and explain logic through recommendations made by systems, is the bet to win the confidence of users.
According to a research published by Venture Beat, 38% of companies have already implemented some kind of Artificial Intelligence in their routines, and those that have not done so will be behind in 2019.
This technology is critical for organizations to analyze data in a more agile way and communicate it more efficiently. Chatbots, for example, are prominent in this sense because they interpret even the user’s emotions and their intentions when submitting a query.
4. Migrating data warehouses to the cloud
The cloud is known to most users of business intelligence systems, but not all companies have migrated their data to the cloud yet. Fears about information security and accessibility have always been part of this decision, in addition to the fact that widespread migration requires rethinking data strategies.
By 2019, however, the advantages of taking your enterprise data to the cloud, such as flexibility and scalability, must overcome those fears.
This is because Cloud computing makes it easier to collect and analyze data, lower total cost of ownership, and increase the flexibility of BI infrastructures. With most solutions delivered by large companies such as Microsoft based on the cloud, taking your workloads and data warehouse to that environment is the best way to take advantage of ultramodern analytics.
5. The popularization of mobile BI
Mobile equipment is part of our routines and made it possible to get workplaces everywhere. The digital solutions adopted by companies are much more effective when delivering support for smartphones and tablets.
Mobile Business Intelligence will speed up in the coming years, allowing not only viewing insights but customizing dashboards and running entire workflows via mobile devices.
With native applications for iOS, Android, and Windows, software like Power BI has already begun to participate in this revolution by using cloud computing to power off-premise analysis.
Companies that do not use Business Intelligence solutions in the cloud yet will do so in the coming years, at risk of becoming obsolete.
6. Collaboration between public and private sectors
Of course, there is data that only your company and no one else should have — it is necessary to protect these data to the maximum. However, the way organizations operate has changed and the sharing of information between them is also seen differently.
The “data for good” trend is increasingly popular in the public and private sectors, and projects that promote social advancements based on sharing insights among institutions are a trend.
Orange’s multinational telecoms project OPAL has established a data governance committee in partnership with governments to regulate data collection and anonymization. It works to share aggregate metrics while protecting the source of the information.
In several countries, such as Senegal, these shared data have been used to assess rates, such as literacy rates, and to help nongovernmental organizations allocate resources for social initiatives.
Much of what is known about Business Intelligence will change in the coming years. Just as our computers and mobile phones have advanced to the point they are in today, BI will continue to be enriched by new technologies, becoming increasingly important for good business results.
How did you find out about these trends for Business Intelligence? Leave a reply.
- BI or BA: do you know what their differences and similarities are? 57 views
- How to align Artificial Intelligence with Business Intelligence? Check this out! 44 views
- Understand the data market and check out the trends for 2019! 35 views
- Understand how Power BI and SQL work together and how they complement each other 29 views
- Check out the benefits of the Microsoft Big Data platform! 24 views