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Trends and Implementation Strategies for Business Intelligence and Analytics

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Trends and Implementation Strategies for Business Intelligence and Analytics

A rapidly emerging trend across almost every industry and organization is the increased utilization of data. From process automation to on-demand agile reporting to robust business intelligence and analytics (BI&A), data remains the future of business. Because of this trend, BI&A has become an industry in its own right. Software companies of all sizes are developing tools that are changing the future of business archetypes. According to Gartner, Inc., “By 2020, information will be used to reinvent, digitalize or eliminate 80% of business processes and products from a decade earlier” (Forbes 2015). As BI&A continues to quickly grow, there are multiple trends, techniques, platforms and expanding technologies that impact how organizations might tackle the development of a universal BI&A platform.
The current “hot” trend, increasingly on the rise is self-service analytics, which opens the use of data to more people in a real-time way. Rado Kotorov, a Chief Innovation Officer at Information Builders predicts that for 2016:
“…Self-service analytics will evolve beyond just self-service for analysts. There will be self-service information for the masses delivered not through tools but through purpose-built interfaces and apps. Just as the ATM in banking evolved from a cash-dispensing machine to a full transaction and account management terminal, so too will self-service mature and spread to the masses” (PC Mag 2015).

Self-service analytics is a trend that takes away much of the technical, bewildering side of BI and replaces it with data analytics, visualization and statistics that the lay businessperson can produce. It encourages discovery and agile investigation rather than ad-hoc reporting or basic requirement delivery. It also takes away the need for convoluted,

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