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If you’re looking to improve your business intelligence, anticipating upcoming technological trends is essential. That’s why we’ve written this blog outlining the key predictions for the future of business intelligence.
BI will become more collaborative
One of the main business intelligence and advanced data analytics restrictions today’s organisation’s face is that many BI tools exist in siloes. In other words, these tools are only used by small groups of users, as opposed to being connected to a wider network. However, experts are predicting that the next generation of BI systems will connect much larger groups of users. This will enable teams of colleagues to use BI across the organisation and work towards making major business decisions collaboratively via shared analytic experiences.
It’s already happening with some BI platforms transforming into more collaborative systems encompassing a machine learning approach.
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BI will become more integrated
Another popular prediction is that BI software is set to become more integrated within well-established workflows. Many vendors are already striving to make integrated BI a reality. Currently, application programming interfaces (APIs) allow data to be analysed within an organisation’s existing systems.
As we delve into trends in business intelligence, increased integration capabilities are predicted to grow in BI software from the inside out. So, it should soon be possible to use third-party functionality from within a BI tool, while also implementing BI capabilities across other applications.
Having all BI programmes and systems connected and working fluidly across an organisation will allow users to quickly pull data from all sources and consolidate the information quickly, which will significantly streamline workflows.
BI will become more proactive
In the not-too-distant future, BI will not need to react to people using the tools and systems. The human role will become a passive one whereby people simply receive business intelligence, rather than actively seeking it out on a report or dashboard.
Examples of this range from key data being highlighted on a visualisation to more advanced scenarios, such as notifications providing direct answers.
This concept of ‘data proactivity’ will be powered by third-party programme integrations and AI, facilitating seamless data integration. It’s all about receiving answers based on your organisation’s stored data. Whether you directly engage the system or not, an intuitive tool will bring the answers to you.
Data proactivity features will bring data to users, similar to how Cortana answers questions in Power BI. In a few years, it is predicted that this functionality will reach beyond BI platforms.
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BI will run on advanced networks
As tools and systems are evolving to do more with BI data, new networks will handle all the big data storage and enable it to flow freely around business systems.
The cloud already plays a big part, with third-party companies providing BI engineers to organisations to help them manage their data. And behind those vendor walls, there are technological advances taking place. For example, network virtualisation which is all about focusing on new ways to deploy hardware architectures and scale with data volumes. Other advanced technologies in this area include container architectures.
Going forward, your business intelligence strategy requires a solid network architecture. Because as well as regular infrastructure requirements for the software, you must also factor in robust data storage.
Using BI to impact your business decisions
Ultimately, if you want to optimise business intelligence within your organisation to make better-informed business decisions, your people must be data-driven. It’s essential to have a clearly defined strategy and employees that are committed to a data culture. BI tools and software are set to become more intuitive and user friendly, but your employees also need to understand the true value data can bring to your organisation.
The future may be challenging
The good news is we are now starting to see the light at the end of the tunnel following the global pandemic. But who knows what challenges your organisation may be facing in the future? Read our blog to find out how BI can mitigate risk for your organisation during challenging times.
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Dufrain’s Business Intelligence consultants provide market-leading BI services. If you’re looking to optimise your data, our experts would love to hear from you.