The Death of Business Intelligence

Top 5 BI trends in 2013

Posted in Business Intelligence by TheLondonEconomic on September 6, 2013

There have been a number of changes to the business intelligence (BI) market in the UK in recent times, thanks to the fact that the mass market has displayed more of a demand for the technology. This has led to a number of trends in the ever-evolving sector, but what have been the most significant developments so far this year?

The second wave of Big Data

We have known about Big Data and the potential it has as a business tool for the past few years, but recent developments have meant that it is now seen differently.

While the attitude to Big Data used to simply be that it was there and should be harnessed by firms in some way for consumer and business analysis, BI users are now starting to look at the ways in which it can be used and how this can have an impact in decision making moving forward.

The sophistication of analytics

This is a derivative of people’s changing attitude on how Big Data can be analysed at the moment, with more companies now.

Dr Nabil Abu El Ata, president and chief executive officer of Accretive Technologies said that there will be a movement away from the simple correlation of basic statistics towards highly sophisticated algorithms for the analysing of what-if decisions.

He added that this will mean Big Data becomes a major tool in itself for the minimising of risk and complexity within business decisions.

Simplified Big Data Tools

The simplification of BI and Big Data technologies has become far more commonplace now as providers try to create something that allows for the common user, as opposed to just experts, to harness the power of Big Data.

Changes have focused on making technologies cheaper, more accessible and easier to use without previously obtained skills, with one expert saying this will become an even more common reality in times to come.

Innovation through competition

In 2012, the number of providers in the BI market grew time and again, which meant that the biggest BI firms (SAP Business Objects, IBM Cognos, Oracle OBIEE and MicroStrategy) lost their grip on the market.

However, this is a good thing for the BI market as a whole, as the increased competition and the arrival of more smaller companies has meant that there is a greater incentive for innovation and new advancements from firms looking to reach the top of the pile.

Cloud technology

The emergence of the cloud in recent times has meant that there is now a demand from businesses and end users to have access to technologies at any time and on any device.

This has meant a shift in demand for developers in the BI market, and has made for a dynamic marketplace that is more competitive than ever as firms try to meet the demands of users around the globe.

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