The world of Analytics and Business intelligence is evolving quickly. Focused more upon the real-time BI for quicker decisions and on data visualization to get the data patterns more clearly, BI has come a long way. With a significant boost in 2020 and 2021, the below are the major business intelligence trends in 2021.
Artificial Intelligence – It is one of the most popular trends in the BI world. In simple words, we can say that it is the simulation of natural intelligence in machines that have been programmed to learn and mimic human activities.
Predictive analytics tool – This is also one of the main concerns for the BI experts as it helps to analyze the current situation and draw futuristic conclusions based on that.
Data Automation – Considering business sustainability, data automation is more crucial. With three processes involved, i.e., Extract, Transfer, and load, it’s a process of uploading, handling, and processing data with automated tools.
Expansion of integrated System – System integration is the process of combining software and hardware into one cohesive infrastructure, to enable all pieces to work as a whole. It helps to increase productivity, faster decision making, cost optimization, and much more.
SaaS BI – This is a type of cloud-based distribution model, in which a third-party provider hosts BI tools in a secure environment. This helps to deliver analytics services like reports and dashboards directly to firms.
Mobile Business Intelligence – Mobile business intelligence is one of the fastest-growing fields in data analytics. It helps to view and carry out data analysis like creating reports, viewing dashboards, and much more on our mobile phones through a BI platform.
Data Security – With lots and lots of data compiling and uploading on different web servers, maintaining the security of the data is of utmost importance, and that’s where data security comes in. In simple words, it’s a process of protecting and securing digital information from any unauthorized access, theft or corruption, throughout its lifecycle.
Collaborative BI – Collaborative BI or also knows as Social Business Intelligence, is the merging of collaboration tools with business intelligence solutions. It helps many people to see, discuss and act on the insights and changes that are happening in their business data.
Data Discovery – Data discovery is to collect and evaluate the data from different sources to understand any trend or pattern in data. Associating with BI, it helps in business decisions by bringing disparate data sources to be analyzed.
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