The Top 5 Business Intelligence Trends You Can’t Afford to Ignore in 2021

In the fast-paced world of business, being able to make real-time decisions based on accurate data is crucial. However, collecting and analyzing data is not always an easy task. That’s where business intelligence comes in. Business intelligence (BI) uses technology and software to transform raw data into insights that can be used to make informed decisions. In this article, we will discuss the top 5 BI trends that businesses should keep an eye on in 2021.

Trend #1: Emphasis on Data Quality

The quality of data is one of the most critical aspects of BI. Inaccurate or incomplete data can lead to incorrect insights and decision making. In 2021, businesses are placing a stronger emphasis on data quality, and investing in data governance tools to maintain the integrity of their data. Some organizations have even started employing data quality specialists to ensure that the data is clean and reliable.

Trend #2: Increased Use of Augmented Analytics

Augmented analytics is a form of BI that uses artificial intelligence (AI) and machine learning (ML) to automate tasks such as data prep and insight discovery. This technology can help businesses uncover hidden insights and make decisions faster. In 2021, we expect to see an increased use of augmented analytics in businesses of all sizes.

Trend #3: Greater Adoption of Cloud-Based BI Solutions

Cloud computing has already revolutionized the way businesses operate, and it’s no different for BI. Cloud-based BI solutions offer several advantages, including accessibility from anywhere, scalability, and cost-effectiveness. In 2021, we expect to see greater adoption of cloud-based BI solutions due to their ability to provide real-time data insights at a lower cost.

Trend #4: Democratization of BI

Traditionally, BI has been the domain of IT departments or data analysts. However, in 2021, businesses are starting to democratize BI by making it more accessible to non-technical employees. This trend is being driven by the rise of easy-to-use BI tools that allow anyone to generate insights and reports without the need for technical expertise.

Trend #5: Greater Integration with Other Technologies

BI can provide valuable insights on its own, but when integrated with other technologies, it can be even more powerful. In 2021, we expect to see greater integration of BI with other technologies like automation, IoT, and machine learning. This integration can provide businesses with even more precise insights and automated decision making.

Conclusion

Business intelligence continues to evolve at a rapid pace. In 2021, businesses need to pay attention to the trends discussed in this article to stay ahead of the curve. Emphasizing data quality, adopting augmented analytics, leveraging cloud-based solutions, democratizing BI, and integrating with other technologies are all critical in creating a successful BI strategy. Stay on top of these trends, and your business will have a competitive edge in the years to come.