The Business Intelligence field is moving at a fast pace and deciding how companies will work with data in the future. Below are five business intelligence trends of 2021. The current business intelligence trends show that users and their needs are a top priority as they are being shaped by the specific needs of companies and the increased expectations of users.
Automation speeds up the business process, making it easier for businesses to answer business questions. Automation takes care of time-consuming repetitive tasks and frees up resources. As data volumes increase, automation will be essential to eradicating manual data processes.
Collaborative business intelligence is emerging as a trend, as connecting with others becomes more crucial than ever. Business intelligence tools now have seamless report sharing and collaborative dashboard design.
Data Literacy and Data-Driven Cultures:
According to Gartner, Data literacy is the ability to read, write and communicate data in context. To become more data-driven, organisations have to eliminate the data literacy gap between data analysts and non-technical users, which is known as data democratization. To encourage data literacy, employers need to train their employees to analyze data and apply insights.
A mobile shift:
According to Mordor Intelligence, the mobile business intelligence market will be worth $20 billion by 2024. This is due to a significant increase in the use of smartphones and tablets for business. Users can access reports and dashboards conveniently from any location and device. This helps in faster decision-making, shorter workflows and more effective internal communication.
Cloud Business intelligence
Before the start of the pandemic, cloud services have become a major business intelligence trend. As companies move to work remotely, cloud-based business intelligence solutions make it possible for data and applications and reports to be shared quickly with different users.
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