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Business Intelligence: Converging Trends Mean Rapid Change for BI Sector
In a post last week we saw that Business Intelligence is becoming easier. Easy-to-Use consumer-style interfaces are putting sophisticated data analysis tools into the hands of a greater range of users. Tools that once required extensive support in order to configure and customize and more “self service” in nature.
Other trends to follow in the area of Business Intelligence and Analytics as described by Gartner include:
- Within two years, a third of BI users will access business analytics using handheld devices
- Within two years, 15 percent of BI uses will include data from social media and collaboration in the analysis
- Within three years, 30 percent of BI applications will be using fast in-memory computations for improved speed and scalability
- Within three years, 30 percent of BI applications will have predictive and forecasting capabilities
- Within three years, 40 percent of BI spending will be on system integrators, not on the software itself
James Kobelius from Forrester Research added his take on on how business intelligence and analytics is changing. Not too much new, but it is a good summary of where this market segment is going.
- Self-service. As we’ve covered before, as mentioned above.
- Real-time Analytics. In-memory processing will speed up and make BI more interactive.
- Social Analytics. Integration of Social Media data into Business Intelligence
- Cloud Analytics. Small businesses will find SaaS BI more affordable, increasing acceptance. Other companies will simply move to SaaS BI as the general trend towards the Cloud picks up momentum.
- Scalable Analytics. Tools like Hadoop will allow analytics of larger data sets
- Pervasive Analytics – Business Intelligence/Analytics will be increasingly applied to more parts of business within companies
