Analytics in Retrospect: 3 Major BI Changes in the Past Decade

Whenever you hear about the latest BI changes in business, 9 out of 10 times, technology has played a major part. We are all witnessing revolutionary progress in smart gadgets and software.

Of course, visionary entrepreneurs and business leaders are not only thinking big, but outside the box!

However, we must realize that although innovation is a concrete part of this ongoing evolution, some BI changes in the IT industry are here to stay. And the modernisation of business intelligence is one of them.

Business Intelligence: Then & Now

If you take a moment to look back and consider the role of BI across a multitude of industries, the underlying purpose remains unchanged. Data is still important, as is the need to make smart decisions based on actionable insight.

While this is mostly true—with the fundamentals of BI being the same to this day—it’s the emphasis on using that data in different ways that has seen the biggest shift in the past decade.

Let’s explore 3 changes in BI that reshaped the landscape of business.

1. Ubiquitous Access to Data

10 years ago, there was a strong emphasis on maintaining one version of the corporate truth—very much like there is today.

However, organisations didn’t have the means to share sensitive data easily. As a result, there wasn’t much exchange across departments without the risk of conflicting information.

This is now changing, however!

The recent advances in the business intelligence world have managed to change that. Today we see a greater focus on timeliness, scalability and user-friendliness, while still serving overall corporate needs.

2. Geospatial Analysis

Maps aren’t meant exclusively for travellers or tourists. They’re an invaluable tool designed to help you navigate your goals and objectives. Whatever they may be!

In the past decade, BI modernisation has allowed key decision-makers to map out their strategies, troubleshoot causes of failure, and devise a new plan to achieve success.

3. Internet of Things (IoT)

According to Gartner, there will be 6 billion connected devices, requesting data support by the end of next year. This is only made possible due to a steady rise of modern BI tools and resources in local and international business.

So, what we once perceived as a distant and potentially risky investment has now become a popular buzzword in the IT industry.

Today, IoT encompasses a broad range of modern BI tools that are becoming better and better. These tools are singlehandedly transforming the way we store, transmit and utilise data for better performance.

Which means whether you’re celebrating your organisation’s 1^st anniversary or 10^th, embracing change will allow you to evolve as a team and business.

So, don’t forgo an opportunity to beat your competition. Think Smart. Think BI. Think Centelli!

As a data management consulting firm, Centelli specialises in business intelligence and analytics. We use tools like Birst BI, Power BI, AWS, SAP, Incorta, and more to unlock the insights you need. To learn more about our solutions, get in touch today.