Data is indispensable for any organization irrespective of its size. Business Intelligence is Business Intelligence is facing a rapid growth with fresh advancements every day. Enterprises are deploying Business Intelligence (BI) to boost data- driven decisions. It is a must for every organization to plan strategies, business roles and leverage technologies that can improve their Business Intelligence approach.
Artificial Intelligence is the next new thing in BI. With the entry of Artificial Intelligence in BI, organizations now are optimizing AI to discover trends and big data insights which enables them to make faster decisions and drive effective results. Machine Learning (ML) has become a valuable supplement for the analyst. It helps the analyst to stick to their data run and automates tasks like basic math which are easy yet requires a large labor force.
High demand for data access has paved way to cloud BI. Cloud Bi is extremely scalable, where adding new users to any existing cloud BI solution is easy and quick. It is cost- efficient and comes with better mobile accessibility. Since cloud Bi is an internet- based software, it can be easily installed without the necessity of any IT staff. It is gaining popularity because of its simplicity and user- friendly design. According to Gartner “80 percent of organizations are likely to increase their investment in cloud-based products in the coming years”