The Business Intelligence Scene of 2018

By CIOReview | Monday, June 11, 2018

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The world of business intelligence is under constant change, witnessing an influx of different types of variables like big data, cloud services, predictive analysis, and data science, all of which have contributed to the growth of business intelligence in 2018. BI has become more lucrative than ever and, as a result, it has become more accessible to both enterprises and small to mid-size business.

Businesses have understood its potential and are leveraging the self-service analytics data to base their strategic decisions. It is expected that this trend will continue and see a huge growth in 2018 as self-data interpretation and analysis has become an integral element of modern BI.

Previously, the prevalent notion about BI was that it was a central data warehouse that only a select few IT experts could gain access to. Here is a list of most trending BI trends of 2018

1. Self-service BI: With the advent of technology, BI has gained a lot of agility by facilitating user independence from IT departments. With this, the user can carry out a number of analyses and report building without any help the IT team.

2. Accessibility: For seamless and smooth transition of work, proper accessibility is crucial. Security will become one of the most predominant features in BI, since it is critical to provide accessibility to the right people.

3. Data quality: It has been voted as one of the top three BI trends since 2003. This trend has particularly gained high importance, because if the core data cannot be trusted, no task can be performed effectively.

These are among the growing trends in BI in 2018, and are predicted to become dominant through the year. It is also being said that data-driven companies will have a significant advantage over their competitors.