Survey Results? What is the future for Business Intelligence.
Abacus to rapid analytics. Business Intelligence style
From a time when the abacus was used, information technology has been an essential part of business in delivering information on the business performance to the stakeholders. Working in a fast changing and financially challenging times reducing inefficiencies and maximising resources is key to profitable growth. The growth in the volumes of data has outpaced what’s available to analyse and visualize this data to the average corporate knowledge worker.
Preditictive Analytics is this the intelligent future
Business intelligence projects have become a priority for today’s businesses, with areas like predictive analytics becoming a requirement as companies look to exploit their burgeoning data resources to better extrapolate trends, improve product quality and create competitive advantage.
The demand side of the BI platform market in 2010 was defined by an intensified struggle between business users' need for ease of use and flexibility on the one hand, and IT's need for standards and control on the other. With "ease of use" now surpassing "functionality" for the first time as the dominant BI platform buying criterion. Research has shown, vocal, demanding and influential business users are increasingly driving BI purchasing decisions, most often choosing easier to use data discovery and visulaisation tools over traditional BI platforms — with or without IT's consent.
People find the benefits of using data discovery and visualisation tools such as
Tableau so compelling that they make this choice despite the risk of creating fragmented silos of data, definitions and tools. This will force IT to back away from a single BI stack on one vendor to a more pragmatic portfolio approach. Specifically, IT has been challenged to put in place new enterprise information management architectures into an enterprise BI portfolio that can meet both business user and enterprise requirements.