Enterprise business intelligence services in India, continues to grow at the global level and Indian Market. It is expected to reach $22.8 billion by the end of 2020. The business intelligence sector continues to grow due to the fast developing technology and new business challenges. Data has become invaluable to the companies, from small start-ups to global enterprises. Combined with this the growth in commodity hardware by way of cloud computing has increased the computational muscle of businesses to deploy their data to work for them and pushes the managers to accelerate data driven decision. The following are some of the top business intelligence and analytics trends that should be on the top of your mind.
Artificial Intelligence- Human Intelligence is being replaced by AI and machine learning. The research in the field of machine learning continue to improve the possibilities of deploying AI technologies for organisational improvements. The machine learning and AI is being leveraged to bring out the real time data analysis and dash board reporting to see situations as when they happen.
Collaborative BI- Collaborative decision making is achieved by using business intelligence software combined with other tools including social media and other technologies to enhance the working together and sharing teams of data and information with each other.
Embedded BI- What if the capabilities of Business intelligence are given to other applications you use? This approach will create a “Analytics Everywhere” environment. The BI software or some of its features are embedded into another business application to extend its analytics or reporting functionality.
Cloud Analytics- More BI applications will shift to cloud and more businesses will be shifting to the cloud based technology because of its affordability and shorter deployment time. According to IDC predictions spending on cloud based big data and analytics will grow 4.5x than on-premise solutions.