top 8 revolutionary trends in bi analytics to watch for
TRANSCRIPT
BUSINESS INTELLIGENCE – NEEDS NO INTRODUCTION
Most talked of technological concept today
Most innovative and indispensable technology
Strives its best to understand all these varying pieces of information
Gives a meaningful and analytical piece of information, in the desired format, in the desired time at the desired location
WHY IS BI & ANALYTICS MOST SOUGHT AFTER?
The prime reason is the unstoppable data that is being gathered yesterday, today and tomorrow
Ever increasing in volume, this data needs to be treated and relevant information needs to be extracted from it
To create enhanced business value, increased productivity and maximized ROI
BI & ANALYTICS – WHAT IS IT ALL ABOUT?
A perfect blend of BI, Analytics and Big Data ensures no data untouched, unprocessed and give you the ideal output
Focuses on an amalgamation of processes and technologies to extract, store, analyse and transform data into enriched information
Technology giants have invested their expertise and experience in BI - Microsoft BI, Tableau, Pentaho being the major ones
THE GLOBE WITNESSING LATEST TRENDS IN BI AND DATA
VISUALIZATIONCurrent trends in BI and
Big Data Analytics showcase innovative elements in BI clubbed with other technical components
Supporting elements like the social media, mobility, cloud services, Internet of Things, Internet of Everything and other data technologies are supporting the growth of BI in the globe
Business processes, gaining deeper insights into their information arena and garnering the much required information quite easily
8 MOST INNOVATORY TRENDS IN BI AND DATA
VISUALIZATIONA Glimpse…
Faster Data Mining & Integration
Self Service BI & Analytics IoT & Data Science
Cloud BI Mobile BI
Data Visualization IoE BI in Industry Domains
DATA MINING AND INTEGRATION GETS MOVING FASTER
Data Mining and Data Integration form the crux of any
BI solution
An observable rise in sophisticated tools
It is now ensured that no data goes waste
SELF SERVICE BI & ANALYTICS
BI solution should be able to reach the most important set of
end users and should be accessible to them in their own
way, rather than depending upon solution providers
It calls for building your own reports, your own way, exploring within and then interacting with it, drilling down to the deepest
level possible
INTERNET OF THINGS & DATA SCIENCE
The powerful blend of the IoT data along with BI and Big Data analytics are a sure shot way to get the best information possible
IoT and Data Science is a world in itself and hence has the
potential to create a lot many opportunities for data
visualization and real time analytics.
CLOUD BI
A foreseeable accomplishment roadmap for best business
suppleness determined by two of the most popular technologies –
the Cloud computing with Business Intelligence
Turning favourable for smaller organizations that are able to
adapt BI technologies with ease and cost effectiveness
ENHANCED AND FLEXIBLE DATA VISUALIZATION
Better methods and ways to extract various kinds of dashboards /
analytical reports through innovative techniques
What you see is what you perceive – has become easier for enterprises to
read and interpret information
Visually appealing, graphically enriched reports
INTERNET OF EVERYTHING
The buzzword goes beyond “Things” to “Everything”
Focuses on availing information not only from devices, machines and
sensors but also gets in information from logs, geo locations and data from
the net
The flawless amalgamation of IoT, IoE, Big Data and BI Analytics form the crux
of the success of any business
MOBILE BI
Any device, any time and any platform + any information, any format and any time = Mobile BI
Operates through a mobile browser directly accessing the
application either on the web or through a native app
PENETRATION OF BI INTO MAJOR BUSINESS DOMAINSBI trends in Healthcare - hospital
data management, medical practices workflows, patient relationship management, clinical / financial
analysis of data
BI trends in Retail Industry - novel sales channels, reaching consumer
needs, management of ever changing data
BI trends in eCommerce - cross selling and up selling through
eCommerce websites, customer buying track records, sales and
revenue report management, sales evaluation, marketing campaign
effectiveness
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