{"id":25625,"date":"2023-06-15T15:58:55","date_gmt":"2023-06-15T13:58:55","guid":{"rendered":"https:\/\/stage-fp.webenv.pl\/blog\/?p=25625"},"modified":"2024-01-31T11:10:56","modified_gmt":"2024-01-31T10:10:56","slug":"the-future-of-business-intelligence-bi-trends-and-predictions","status":"publish","type":"post","link":"https:\/\/www.future-processing.com\/blog\/the-future-of-business-intelligence-bi-trends-and-predictions\/","title":{"rendered":"The future of Business Intelligence (BI): trends and predictions"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><br>How is Business Intelligence evolving?<\/h2>\n\n\n\n<p>Over the last few years <strong>Business Intelligence (BI) has evolved dramatically<\/strong> and it continues to do so, as businesses are in constant search for new and innovative ways to gain insights from their big data. Thanks to the increased use of <strong>Artificial Intelligence and Machine Learning models<\/strong> businesses can analyse large amounts of data and uncover patterns and insights that may not be easily accessible or apparent through traditional methods.<\/p>\n\n\n\n<p><strong>Cloud computing and Internet of Things<\/strong> (IoT) allow organisations to analyse data from a wide range of sources, such as social media or other devices, while <strong>BI self-service<\/strong> helps businesses democratise data and empower them to make better decisions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><br>Trends in Business Intelligence<\/h2>\n\n\n\n<p>Let&#8217;s look at some specific examples of <strong>the latest trends in Business Intelligence.<\/strong><\/p>\n\n\n    <div class=\"b-image js-lightbox\">\n        <figure class=\"b-image__figure\">\n            <a\n                href=\"Trends-in-Business-Intelligence.jpg\"\n                class=\"js-lightbox__trigger\"\n                aria-haspopup=\"dialog\"\n                data-elementor-open-lightbox=\"no\"\n            >\n                <img fetchpriority=\"high\" decoding=\"async\" width=\"960\" height=\"1481\" src=\"https:\/\/www.future-processing.com\/blog\/wp-content\/uploads\/2023\/06\/Trends-in-Business-Intelligence.jpg\" class=\"attachment-full size-full\" alt=\"Trends in Business Intelligence Future Processing\" srcset=\"https:\/\/www.future-processing.com\/blog\/wp-content\/uploads\/2023\/06\/Trends-in-Business-Intelligence.jpg 960w, https:\/\/www.future-processing.com\/blog\/wp-content\/uploads\/2023\/06\/Trends-in-Business-Intelligence-194x300.jpg 194w, https:\/\/www.future-processing.com\/blog\/wp-content\/uploads\/2023\/06\/Trends-in-Business-Intelligence-664x1024.jpg 664w, https:\/\/www.future-processing.com\/blog\/wp-content\/uploads\/2023\/06\/Trends-in-Business-Intelligence-768x1185.jpg 768w, https:\/\/www.future-processing.com\/blog\/wp-content\/uploads\/2023\/06\/Trends-in-Business-Intelligence-259x400.jpg 259w\" sizes=\"(max-width: 960px) 100vw, 960px\" \/>            <\/a>\n                            <figcaption class=\"b-image__caption f-paragraph\">Trends in Business Intelligence<\/figcaption>\n                    <\/figure>\n        <div\n    class=\"js-lightbox__dialog o-lightbox\"\n    role=\"dialog\"\n    aria-modal=\"true\"\n    aria-hidden=\"true\"\n    tabindex=\"-1\"\n>\n    <div class=\"o-lightbox__dialog\">\n        <div class=\"o-lightbox__content js-lightbox__content\" role=\"document\">\n            <button\n                class=\"o-button o-button--xs o-button--dark o-button--icon-right o-button--tertiary o-lightbox__close js-lightbox__close m-gradient-brand\"\n            >\n                Close picture                <svg class='o-icon o-icon--16 o-icon--timescircle '>\n            <use xlink:href='#icon-16_times-circle'><\/use>\n          <\/svg>            <\/button>\n                                            <figure class=\"o-lightbox__image is-active\">\n                    <img fetchpriority=\"high\" decoding=\"async\" width=\"960\" height=\"1481\" src=\"https:\/\/www.future-processing.com\/blog\/wp-content\/uploads\/2023\/06\/Trends-in-Business-Intelligence.jpg\" class=\"attachment-full size-full\" alt=\"Trends in Business Intelligence Future Processing\" srcset=\"https:\/\/www.future-processing.com\/blog\/wp-content\/uploads\/2023\/06\/Trends-in-Business-Intelligence.jpg 960w, https:\/\/www.future-processing.com\/blog\/wp-content\/uploads\/2023\/06\/Trends-in-Business-Intelligence-194x300.jpg 194w, https:\/\/www.future-processing.com\/blog\/wp-content\/uploads\/2023\/06\/Trends-in-Business-Intelligence-664x1024.jpg 664w, https:\/\/www.future-processing.com\/blog\/wp-content\/uploads\/2023\/06\/Trends-in-Business-Intelligence-768x1185.jpg 768w, https:\/\/www.future-processing.com\/blog\/wp-content\/uploads\/2023\/06\/Trends-in-Business-Intelligence-259x400.jpg 259w\" sizes=\"(max-width: 960px) 100vw, 960px\" \/>                                            <figcaption\n                            class=\"o-lightbox__caption f-paragraph\">Trends in Business Intelligence<\/figcaption>\n                                    <\/figure>\n                    <\/div>\n    <\/div>\n<\/div>\n    <\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><br>Trend 1: Artificial Intelligence in BI<\/h3>\n\n\n\n<p>As organisations collect more data, they need more sophisticated tools to analyse and interpret it. Some of the ways AI is used in Business Intelligence include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-luminous-vivid-amber-color\"><strong>natural language processing<\/strong> <\/mark>used to develop BI tools, allowing users to query data using natural language instead of complex SQL queries,<\/li>\n\n\n\n<li><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-luminous-vivid-amber-color\">predictive analytics methods<\/mark><\/strong> used to develop predictive models that allow businesses anticipate trends and make better decisions,<\/li>\n\n\n\n<li><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-luminous-vivid-amber-color\">automated data preparation<\/mark><\/strong> including data cleaning, normalisation and feature engineering which without AI are both time consuming and error-prone,<\/li>\n\n\n\n<li><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-luminous-vivid-amber-color\">data visualisation<\/mark><\/strong> that helps users better understand complex data sets.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><br>Trend 2: Collaborative &amp; Integrative BI<\/h3>\n\n\n\n<p>Collaborative and integrative BI involves<strong> integrating data and insights from multiple sources<\/strong> and collaborating with various stakeholders to ensure insight are actionable and valuable.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><br>Trend 3: Edge Computing<\/h3>\n\n\n\n<p>Edge Computing is a trend of <strong>processing data at the edge of the network,<\/strong> closer to where the data is generated, helping organisations to reduce latency and increase the speed of processing data.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><br>Trend 4: Data Proactivity<\/h3>\n\n\n\n<p>Data proactivity is an attribute of BI software that <strong>easily incorporates company data and gives business insights faster.<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><br>Trend 5: Real-Time Business Intelligence<\/h3>\n\n\n\n<p>Real-time Business Intelligence involves using <strong>real-time data <\/strong>to quickly make decisions and take actions.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><br>Trend 6: Headless BI<\/h3>\n\n\n\n<p>Headless BI is all about <strong>separating the presentation layer from the data and logic layers of BI applications,<\/strong> enabling businesses to use data and insights in apps and devices. It also means a variety of technical improvements making the data more accessible, safe and easier to model.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><br>Trend 7: Data Governance<\/h3>\n\n\n\n<p>Data governance means <strong>establishing policies, procedures, and standards for managing data quality, privacy, and security. <\/strong>Due to the growing privacy issues around LLMs the industry and legal bodies are becoming more attentive on how companies handle data, making data governance more important than ever.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><br>Trend 8: Cloud-based BI<\/h3>\n\n\n\n<p>Cloud-based BI tools offer <strong>flexible deployment options, easy integration<\/strong> with other cloud-based services and the ability to <strong>handle large amounts of data.<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><br>Trend 9: Data Quality Management<\/h3>\n\n\n\n<p>Data quality management means <strong>making sure data is accurate, consistent and reliable<\/strong> \u2013 an aspect that is crucially important in times when data becomes more central to business operations than ever before.<\/p>\n\n\n\n<p><br><\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><a href=\"https:\/\/www.future-processing.com\/services\/data-solutions\/data-migration-modernisation\/?utm_source=internal&amp;utm_medium=banner&amp;utm_campaign=baner33\"><img decoding=\"async\" width=\"780\" height=\"275\" src=\"https:\/\/www.future-processing.com\/blog\/wp-content\/uploads\/2024\/01\/15-gray.jpg\" alt=\"\" class=\"wp-image-27824\" srcset=\"https:\/\/www.future-processing.com\/blog\/wp-content\/uploads\/2024\/01\/15-gray.jpg 780w, https:\/\/www.future-processing.com\/blog\/wp-content\/uploads\/2024\/01\/15-gray-300x106.jpg 300w, https:\/\/www.future-processing.com\/blog\/wp-content\/uploads\/2024\/01\/15-gray-768x271.jpg 768w\" sizes=\"(max-width: 780px) 100vw, 780px\" \/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><br>What impact does BI have on business users?<\/h2>\n\n\n\n<p>The impact of Business Intelligence on business users is significant as it provides them with <strong>actionable insights<\/strong> and enables them to make <strong>data-driven decisions,<\/strong> allowing for:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>faster <strong>decision making,<\/strong> by analysing data quickly,<\/li>\n\n\n\n<li>fast <strong>feedback<\/strong> meaning faster understanding of the company\u2019s doings,<\/li>\n\n\n\n<li>improved <strong>accuracy <\/strong>thanks to accurate and reliable data BI provides them with,<\/li>\n\n\n\n<li>better <strong>collaboration <\/strong>among users by providing a single source of data,<\/li>\n\n\n\n<li>improved <strong>productivity<\/strong>, freeing up time to focus on strategy and high-level tasks,<\/li>\n\n\n\n<li>improved <strong>customer satisfaction<\/strong> by giving insights on customers&#8217; behaviour and preferences, facilitating personalised experiences.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><br>How to get ahead of your competition using data analytics and BI?<\/h2>\n\n\n\n<p>Data analytics and BI allow companies to <strong>gain a competitive advantage<\/strong> by enabling them to make data driven decisions and identifying new opportunities for growth.<\/p>\n\n\n\n<p><strong>It allows businesses to identify trends and patterns, optimise operations, improve decision making processes, use predictive analysis to anticipate future trends and customer behaviour, and use competitive intelligence to get insights into their competitors&#8217; strengths, weaknesses and strategies.<\/strong><\/p>\n\n\n\n<p>Business Intelligence and data analytics are not something that can be overlook or underestimated. They are powerful tools each business has to take advantage of if it is to become successful and competitive. In the nearest future it will be a standard, definitely worth investing in.<\/p>\n\n\n<div class=\"b-cta-banner m-gradient-light\">\n            <a\n            href=\"https:\/\/www.future-processing.com\/services\/data-solutions\/\"\n            class=\"b-cta-banner__image-container\"\n            data-elementclick=\"article-banner\"\n            data-elementname=\"Data Science and Engineering\"\n        >\n            <img decoding=\"async\" width=\"450\" height=\"450\" src=\"https:\/\/www.future-processing.com\/blog\/wp-content\/uploads\/2022\/12\/Data_Solutions_Consulting_Future_Processing.png\" class=\"attachment-full size-full\" alt=\"Data_Solutions_Consulting_Future_Processing\" srcset=\"https:\/\/www.future-processing.com\/blog\/wp-content\/uploads\/2022\/12\/Data_Solutions_Consulting_Future_Processing.png 450w, https:\/\/www.future-processing.com\/blog\/wp-content\/uploads\/2022\/12\/Data_Solutions_Consulting_Future_Processing-300x300.png 300w, https:\/\/www.future-processing.com\/blog\/wp-content\/uploads\/2022\/12\/Data_Solutions_Consulting_Future_Processing-150x150.png 150w, https:\/\/www.future-processing.com\/blog\/wp-content\/uploads\/2022\/12\/Data_Solutions_Consulting_Future_Processing-400x400.png 400w, https:\/\/www.future-processing.com\/blog\/wp-content\/uploads\/2022\/12\/Data_Solutions_Consulting_Future_Processing-24x24.png 24w, https:\/\/www.future-processing.com\/blog\/wp-content\/uploads\/2022\/12\/Data_Solutions_Consulting_Future_Processing-48x48.png 48w, https:\/\/www.future-processing.com\/blog\/wp-content\/uploads\/2022\/12\/Data_Solutions_Consulting_Future_Processing-96x96.png 96w\" sizes=\"(max-width: 450px) 100vw, 450px\" \/>        <\/a>\n    \n        <a\n        href=\"https:\/\/www.future-processing.com\/services\/data-solutions\/\"\n        class=\"b-cta-banner__url b-cta-banner__text-container\"\n        data-elementclick=\"article-banner\"\n        data-elementname=\"Data Science and Engineering\"\n    >\n                    <div class=\"b-cta-banner__text\">\n                                                    <h3 class=\"f-headline-extra-big b-cta-banner__header\">\n                        Data Science and Engineering                    <\/h3>\n                \n                                    <div class=\"f-paragraph\">\n                        <p>Process data, base business decisions on knowledge and improve your day-to-day operations.<\/p>\n                    <\/div>\n                \n                                    <div class=\"o-button o-button--primary o-button--s o-button--icon-right o-button--arrow\">\n                        <span>Let\u2019s work together!<\/span>\n                        <svg class='o-icon o-icon--16 o-icon--arrow '>\n            <use xlink:href='#icon-16_arrow'><\/use>\n          <\/svg>                    <\/div>\n                            <\/div>\n                <\/a>\n    <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Business Intelligence and the power of data are the future for all businesses around the world. They allow to unlock a great potential and stay ahead of the competition. Let&#8217;s find out why.<\/p>\n","protected":false},"author":251,"featured_media":25627,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1989],"tags":[],"coauthors":[2147],"class_list":["post-25625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-data-solutions"],"acf":{"reading-time":"4 min","show-toc-sublists":false,"image":null,"logo":null,"button1":{"button1_type":"","button":null},"button2":{"button2_type":"","button":null},"person":{"person_photo":null,"person_name":"","person_position":""}},"_links":{"self":[{"href":"https:\/\/www.future-processing.com\/blog\/wp-json\/wp\/v2\/posts\/25625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.future-processing.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.future-processing.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.future-processing.com\/blog\/wp-json\/wp\/v2\/users\/251"}],"replies":[{"embeddable":true,"href":"https:\/\/www.future-processing.com\/blog\/wp-json\/wp\/v2\/comments?post=25625"}],"version-history":[{"count":0,"href":"https:\/\/www.future-processing.com\/blog\/wp-json\/wp\/v2\/posts\/25625\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.future-processing.com\/blog\/wp-json\/wp\/v2\/media\/25627"}],"wp:attachment":[{"href":"https:\/\/www.future-processing.com\/blog\/wp-json\/wp\/v2\/media?parent=25625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.future-processing.com\/blog\/wp-json\/wp\/v2\/categories?post=25625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.future-processing.com\/blog\/wp-json\/wp\/v2\/tags?post=25625"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.future-processing.com\/blog\/wp-json\/wp\/v2\/coauthors?post=25625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}