As businesses become more and more reliant on data, the need for business intelligence (BI) tools is only going to grow. BI tools help organisations make sense of their data, identify trends and make better business decisions.
There are a number of different BI trends that are worth keeping an eye on this year. Here are seven business intelligence trends to watch out for in 2022:
1. Data democratisation
Data democratisation is the trend of making data accessible to everyone in an organisation, regardless of their technical expertise. This is important because it allows organisations to make better use of their data and make more informed decisions.
2. Self-service analytics
Self-service analytics is another big trend that is increasing in popularity. This refers to the ability for business users to access and analyse data without the need for IT assistance. This is beneficial because it allows business users to get the insights they need quickly and easily, without having to wait for IT to run reports.
3. Cloud-based platforms
Cloud-based business intelligence platforms are also becoming more popular as organisations look to reduce their IT costs. Cloud-based BI platforms offer a number of advantages, including the ability to scale quickly and easily, and pay-as-you-go pricing.
4. Artificial intelligence and machine learning
Artificial intelligence (AI) and machine learning are also starting to make their way into business intelligence. These technologies can help organisations make sense of large data sets and identify patterns that would be difficult to spot manually.
5. Predictive analytics
Predictive analytics is another area where AI and machine learning are being used to great effect. Predictive analytics can help organisations to identify future trends and make better business decisions.
6. Real-time data insights
Real-time data insights is another trend that is becoming increasingly important. With the speed of business today, organisations need to be able to act on data quickly in order to stay ahead of the competition. Real-time data insights allow organisations to do just that.
7. Augmented analytics
Finally, augmented analytics is a trend that is growing in popularity. Augmented analytics refers to the use of visualisation and natural language processing (NLP) to make data more accessible and understandable for business users. This is important because it allows business users to get the insights they need without having to be data experts.
Keeping an eye on these seven business intelligence trends will help you make sure that your organisation is able to make the most of its data and stay ahead of the competition.