Business intelligence is the process of using technology to analyze data in order to help a business make an informed decision when it comes to carrying out a business operation. Several organizations are making use of different business solutions in order to accelerate their growth and progress.
Companies use different approaches to technology and strategies to modify how business solutions can be applied to various situations.
Business intelligence trends are constantly changing. This can be attributed to the constant changes in technology and the need to find solutions that can create an impact.
Here are some of the business intelligence trends you should be looking out for in 2018.
One of the trends to look out for in 2018 is machine learning. The concept of machine learning allows analysts to automate labor-intensive tasks and utilize the time to planning business solutions.
Machine learning will enable people to find insightful answers to the nuances of data and use them to make decisions.
The evolution of visual analytics
Visual analytics refers to a type of data analysis in which data is presented in the form of charts, graphs, tables, and so on. Visual analytics makes the process of data analysis easier and this in turn allows decision makers to make decisions quickly.
Visual analytics enables analysts to conduct an in-depth research about the data they are analyzing. It can reveal trends and opportunities which may otherwise have gone undetected.
Self-service is a process in which the staff of an organization employs business solutions to analyze data without any assistance from IT specialists. This kind of self-service business intelligence allows analysts to make decisions and execute them with speed and efficiency. The use of self-service business intelligence is thought to reduce the complexity in data analysis and make it much easier since most of the work is transferred from IT specialists to analysts.
The use of Cloud
Cloud business intelligence is slowly evolving due to the high demand for immediate access to data from anywhere at any time. Cloud business intelligence increases accessibility and provides scalability. In addition, it is easy to implement. All you need is a computer and a working internet connection. Also, it is quite easy to use and works well on mobile devices. Cloud business intelligence is instrumental in reducing operational costs since it mostly uses software that is based on the internet.
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