The Brilliance of Simplicity: A Glimpse into the Future of BI

Business Intelligence (BI) is still evolving. Now more than ever! With several incredible changes on the horizon, let’s take an overview of where the future of BI is heading.

Never in the history of mankind, did we have the power to change the world the way we can now. Thanks to Business Intelligence technology, the unimaginable—seemingly impossible—seems to be becoming quite possible.

The IT industry has grown at an exponential rate. It is becoming increasingly invaluable for businesses to use technology correctly to fully benefit from it.

Significantly, business intelligence is one of the key areas where advancements are offering much promise. BI has become a citical tool for companies to make smart, data-driven decisions. However, that’s not it.

We can expect some incredible changes down the line. Keep reading…

The Future of BI Is Collaborative, AI-Powered

BI is coming out of the sidelines and evolving into a major business transformation tool. Here’s where Business Intelligence is moving next:

1. Dynamics Shifting Towards Collaborative BI

Today, even with advanced tools and mechanisms, we see independent users not connected to any broader network. This is soon going to change, however.

Experts predict a future with more collaborative workspaces, where users and tools are closely interlinked. Furthermore, they are connected through increasingly advanced network environments.

Experts describe this collaborative form of BI as ‘shared, immersive analytic experiences’.

2. Future of BI Heading to Insight, Self-Service

No doubt, our data gathering mechanisms have improved. From web analytics to CRM tools, there are countless ways for data collection.

However, in the future, customers will be more knowledgeable about data. So, they would want to learn more about themselves through this data.

Having direct access to their own data will enable customers to discuss and engage with it more.

3. The Rise of ‘Prescriptive Analytics’

We have all seen predictive analysis taking charge these days. Prescriptive analysis is the next step. While predictive analysis gives insights about data, prescriptive analytics will help us take action.

Markedly, several major prescriptive analysis tools in use today allow advanced data mining, game theory, decision-analysis, etc.

4. There Will Be More Data Pro-Activity

With ever-growing analytics and automation tools, there will be a time when these processes will not have to be initiated by humans.

Today, BI includes sophisticated data visualisation tools, including intuitive charts and graphs. However in future, relevant data will come finding you, instead of the other way around.

Real-time analysis and personalisation of data, will make this happen. Of course, AI, or Artificial Intelligence, technology will play a huge role in this!

Are you bracing up for the shift?

At Centelli, we offer expert consulting and exceptional Business Intelligence and analytics solutions. Our Business Intelligence modernization model helps your business align with evolving trends and achieve greater heights. Book a free consultation now or explore our BI & Analytics offerings here.