BI Software Trends

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The time has passed that BI software was used exclusively by large companies. An increasing number of medium-sized and small companies are successfully investing in business intelligence software or considering doing so. Five trends about the use and application of business intelligence software can be read below.

Many organizations wonder what they can expect from BI. They want to know what the possibilities are, what is wise to do and which decisions they shouldn't make.

Already 5 Business intelligence trends

We can identify five trends in the field of BI software:

1. Proactive

The vast majority of business intelligence solutions are used as 'reactive'. The solutions make historical analyzes of business data. This happens every week, month or year. Looking back on past results, predictions are made for the future. This is very valuable for improving decision-making processes. The problem is that a company with reactive business intelligence gets little return from the speed with which business data becomes available today.

If your company wants to be able to apply 'real-time analytics' and get the most out of it, it has to change. Business intelligence is increasingly being applied 'proactively'. This means that relevant changes in business data are immediately signaled by a BI when they are implemented. A good example is that of a manager who - fully automated - receives an alert through a BI system if something unusual occurs. If the BI system then continues to analyze immediately, then the right information is quickly available on the basis of which the (well-informed) manager can make the right decision. The problem is solved immediately and doesn't remain unused for days.

2. More efficiency with self-service BI software

Employees in an organization that use business intelligence have always been heavily dependent on the IT department. If a department needed reports, it was not uncommon that people had to wait long for an IT person to be available. The only alternative was to go back 'anyway' to programs such as Excel, with which a department could make its own reports. Because BI solutions become easier to use and, moreover, more focused on the experience of end users, more and more self-service solutions are coming onto the market. Business intelligence is increasingly becoming a part of the end user and not just of IT departments. This increases the efficiency of BI.

3. Visualize data

By applying self-service BI, the use of business intelligence is shifting to the end user. This creates a growing demand for ways to easily visualize company data. Company data and analyzes thereof must be understandable for everyone, not just (technical) analysts. A trend in BI country is that suppliers improve their data visualization for all levels of users.

Story telling plays an important role in the latest products from suppliers such as QlikView. Information and analyzes made on the basis of this with the help of business intelligence are presented in such a way that everyone in a business can handle it. This promotes decision-making in an organization.

4. Cloud computing

Cloud computing is a trend in IT, and certainly also when it comes to business intelligence. BI in the cloud isn't new. What is new is that the reluctance of end users due to risks in terms of reliability, safety and sustainability is gradually disappearing. At the same time, the benefits are increasingly being embraced. Consider scalability, flexibility and lower costs. Another reason that more and more companies are opting for BI in the cloud is that the enormous amounts of data and the speed of data make managing a BI system in-house increasingly difficult. The cloud is maturing, and more and more companies will bring their BI there.

5. Mobile BI software

The mobile variant of business intelligence is also becoming more and more mature. All major suppliers are investing heavily in further optimization and promotion of their mobile BI propositions. The mobile world is no longer limited to the mobile phone or smartphone. We have the tablet, and now also have to deal with 'wearables', such as watches and glasses. These 'gadgets' all have their own screen sizes and interfaces. In the longer term, the next step in the development of business intelligence could be an adaptation to the 'multiscreen world' that's always connected to the internet. In the future, BI may provide real-time information through any screen format or interface, exactly when a user needs that information.

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