The rapid proliferation of big data, cloud and in-memory computing, and the resulting data explosion, is making a strong case for the greater “technologification” of business intelligence (BI) solutions, according to a new report from Frost & Sullivan’s TechVision practice.
As data is captured from diverse sources and in structured, unstructured and semi-structured formats, organizations are focusing on sophisticated BI technologies that can enhance data collection, deliver actionable insights, and boost their competitiveness, the study noted.
The market is moving away from traditional BI processes involving complex spreadsheets toward agile BI systems that offer a deeper understanding of correlations in data. Newer BI solutions can deliver improved interactivity as well as enriched data and user experience, enabled by advanced analytics and artificial intelligence (AI), TechVision said. Data-driven machine intelligence from AI and analytics will prove particularly useful for real-time, accurate insights, it said.
“Considering the increased usage of mobile devices for enterprise applications, professionals now prefer cross-platform, collaborative mobile BI applications that can be seamlessly used from remote locations as well,” said TechVision senior research analyst Debarun Guha Thakurta. “Additionally, there is high demand for self-service BI with personalized user experience on mobile devices. Wearable devices like smart glasses powered by augmented reality technology will be extensively used for personalized BI experiences.”
