Get BI-ready in 2019 with these top trends
The automation driven world is set to grow further in 2019 with the expectations to drive a large surge in data volumes. It will become imperative for organizations to implement faster processes and find proven and reliable information sources. Therefore, Business Intelligence (BI) software solutions will become a necessity to improve and accelerate the decision-making process. Fast and informed decisions will lead to better performances and ensure enhanced reactions that the current market demands. This means having timely forecasts at your disposal to manufacture, market, cross-sell, and provide a personalized experience to your customers.
Adoption of advanced BI and reporting tools will give organizations the ability to react to events before they even happen. Advanced business analytics will give enterprises the ability to see, predict and transform every interaction and moving part within their organization. Here, we offer two key trends that have accelerated the adoption of BI over the past year and sheds light on the biggest influences for the upcoming year.
Top trends of 2018
2018 Trend #1: Search engines for BI is a must have
BI tools have evolved to overcome challenges associated with excessively large amounts of time needed to generate reports. That’s why search engines for BI have become the next big trend. With a built-in search feature, building charts and dashboards can be created in a matter of seconds—making organizations opt for this feature. Having a ‘search’ or ‘ask me’ feature with natural language integration will help render charts, reports, and dashboards by quickly pulling data from various sources to address the questions asked.
2018 Trend #2: Emergence of self-service BI
The rise of self-service analytics has significantly democratized the data product chain and made advanced analytics accessible to not just analysts but everyone within the organization. It is helping integrate business intelligence platforms to analyze daily sales, gather customer intelligence, conduct competitor analysis, collect mobile app user data, provide real-time reports, and process large amounts of data. This trend will accelerate BI adoption in organizations that are looking to convert offline processes into digital formats to be efficiently read by electronic devices.
Anticipated top trends of 2019
- Smart prediction will make it a watershed year for CTOs who will now be able to leverage ‘smart predict’ or the ‘do you know’ feature. It will help them gain rich insights that they can act upon and take timely decisions to meet strategic growth targets.
- BI data visualization will take new forms and deliver new and efficient ways of absorbing data and make strategic decisions for positive business outcomes. In 2019, the concept of storytelling with data, visualizations will gain prominence and transform analysts into narrators to identify and bring out deep insights.
- High adoption across industries is expected in 2019, especially in sectors such as insurance, technology and business services followed by retail, healthcare, financial services, manufacturing, and education. Business intelligence will become a key component for the future success of your organization driven by actionable insights.Undoubtedly, 2019 will emerge as a year for data innovation with the Internet of Things (IoT) expected to have a similar impact on the organization’s ability to use and interpret data. With billions of connected devices capturing human and machine activity, the data generated will require further advances in our ability to synthesize, display, and make sense of. Organizations can now stay ahead with Lumenore, an advanced BI&A platform that is packed with powerful reporting, advanced analytics, mapping, and forecasting features.