Business Intelligence (BI) is nothing new to organizations as it tells you what happened in a specific segment of your business and how quickly business is moving today.
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.
Simplified Analytics
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.
Advanced Visualization
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.
Better Collaboration
As the BI is becoming more accessible to banks, the opportunity to employ cross-team collaboration will increase.
Try COCKPIT
COCKPIT – Lera’s self-sufficient Business Intelligence tool, a new form of business intelligence that can help keep your relationship with your data fresh, exciting and strong. By bringing all of it – finance, sales, HR, compliance and more – together in one intuitive, visual interface, COCKPIT gives you real-time access to all the information you need in one place.
Should you wish to see COCKPIT in action? Register for Demo here.
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.
Simplified Analytics
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.
Advanced Visualization
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.
Better Collaboration
As the BI is becoming more accessible to banks, the opportunity to employ cross-team collaboration will increase.
Try COCKPIT
COCKPIT – Lera’s self-sufficient Business Intelligence tool, a new form of business intelligence that can help keep your relationship with your data fresh, exciting and strong. By bringing all of it – finance, sales, HR, compliance and more – together in one intuitive, visual interface, COCKPIT gives you real-time access to all the information you need in one place.
Should you wish to see COCKPIT in action? Register for Demo here.
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