However, with advancement in technology and expectations, now BI is moving towards a more predictive model that shows you what will happen and how all the various parts of your organization work together to produce a productive outcome.
So, where is BI headed this year? What trends should you monitor?
Here are 4 BI trends to watch this year.
Transition from traditional to self-service BI
BI is no longer an IT-driven task; it’s becoming an end user task. As tools improve and the need for speed increases, self-service BI will become the norm while traditional BI methods fade away.
The commoditization of Business Intelligence platforms has evolved to the point where enterprises are no longer required to possess sophisticated analysis skills to process and utilize raw data.
While data visualization has always enabled decision makers to see analytics and therefore identify patterns, the new self-sufficient BI tools offer interactive visualization, which takes the concept a step further.
As the BI is becoming more accessible to banks, the opportunity to employ cross-team collaboration will increase.
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