While many businesses are still hurting from the events of the past two years, others are delivering on their promises. Regardless of where your company falls on this spectrum, business intelligence is a critical enabler for firms to properly manage this issue. That's why we've compiled a list of the top 5 BI trends we believe will help you succeed in 2022.
3. Augmented analytics
A variety of analytics consumption points has resulted from the increased usage of technology and applications. For BI vendors, in-context analytics is increasingly becoming a must-have feature. Analytics platforms are progressively incorporating AI and machine learning capabilities across several points in any business workflow for contextual insight discovery. The translation of NLQ capabilities into immersive dialogues is hastening the adoption of BI by business users. These advancements will significantly broaden the reach of search-driven analytics.
Decision intelligence is also gaining popularity in the business world. These are decision-making aids that assist humans in making better decisions. One such enabler is automated insights. It adds narrative-based insights to images, giving users more weapons to make better decisions.
As self-learning and deep-learning machine learning models are integrated across the BI workflow, artificial intelligence will become smarter and more scalable.
4. Unified business analytics
As more firms use business applications, BI platforms are becoming more data agnostic and expanding their stable of business app connections. As a result, data integrators will gain.
Rather than having to design reports and dashboards, businesses can gain insights faster with native app connections and developments in prebuilt, domain-specific data models. These models can also be set up to respond to specific company needs.
Analyzing complex information is getting easier and faster because to auto modeling and blending capabilities. This opens the way for real-time, cross-functional analytics to provide 360-degree business insights.
5. Data storytelling
The ROI and usability of dashboards are being questioned! Businesses seek data and insights that are presented without bias, with appropriate empathy and context, so that teams can make more informed decisions.
BI vendors are also experimenting with innovative approaches for demystifying complex KPIs and humanizing data interactions. Consumerized insight delivery experiences include presentations, purpose-built portals, documents, and more.
These dynamic insight delivery platforms are becoming even more engaging and interactive with the usage of AI.
Organizations all around the world are rapidly investing in BI and analytics due to the never-ending need to examine data. In this situation, keeping an eye on the market's pulse is vital in order to stay on top of the latest developments.
These patterns can be used as a baseline for embracing BI and analytics or assessing vendors for your analytical needs.
As one of the first users of these technologies, Zoho Analytics is altering the way businesses make data-driven decisions. The overwhelming favorable response to the launch of Zoho Analytics as a modern self-service BI and analytics platform indicates that our efforts and resources are aligned with the needs of today's modern businesses.
To discover how Zoho Analytics may help your company, sign up for a free account.