The Death of Business Intelligence

Trends in Business Intelligence and ERP systems for 2015

Posted in Analytics, Business Intelligence by luisaferreiradsp on December 18, 2014

2015 will be a year of consolidation and transformation for Business Intelligence (BI). The rise of the Internet of Things (IoT), the integration of cloud and the ever increasing demand for mobility, will shape the way people consume data and shape an established industry that’s worth $89.5 billion this year alone. ERP systems themselves are transforming from a desktop-only model to a device-centric mobile technology.

What are the paradigms that will change? How will this affect the Business Intelligence industry? And most importantly, how are you preparing for the upcoming year? Are you ready for what’s to come? Here at DSPanel we have prepared what we think are the main things you should consider in 2015.

  • Integrate and analyze wherever you are

Integration is one of the top aspects for any big tech trend such as mobile, cloud, Internet of Things, and digital business.
With the ever-increasing need to ‘do more with less’, enterprises will be keen to adopt agile approaches to integration. This will also intertwine business agility with the flexibility to use a variety of services, the scalability to keep pace with business volume, and the efficiency to keep costs to a minimum. Rapid integration leveraging simple interfaces is going to become the standard.

  • Apps

When it comes to simple interfaces, and according to Gartner, apps will play an important role in delivering intelligence. Apps enhance the mobility and versatility side of the software available as they will allow real-time and simplified analysis.

  • Smart analytics start to emerge

Advances in graphical and intuitive modeling will mean a bigger role for data visualization in BI. As self-service analytics become more mainstream, tasks such as forecasting and prediction, will become more common and a lot less painful.

  • Analytics across the organization

In today’s BI landscape, we see a dilution in the roles each person plays within an organization. That is particularly true in the case of data analysis. Today’s data analyst is no longer the BI expert within the department. Data is now being analyzed and generated by your operations manager, supply chain executive or even salesperson. This will have implications on the way BI is utilized in 2015 and on the type of platforms we’ll see appear during the upcoming year.

  • Dominance of Mobile and the intersection with Business Intelligence

More and more companies will invest in mobile solutions and business intelligence software to get more out of their existing ERP systems. Businesses are leveraging mobile ERP not just for reports and dashboards, but for conducting key business processes. Real-time information needs are demanding more agile business applications.
This is an ‘anytime, anywhere’ Era. Allowing access to ERP data from any device, puts users in the driver’s seat and facilitates the interaction with technologies on their own terms while also empowering the occasional user.

  • Convergence of ERP and consumer interfaces

With the proliferation of social media platforms there is a growing need for platforms that offer a user experience close to those user-friendly interfaces that we see on Facebook, Twitter or Instagram. However, until now, ERP systems have always maintained a more complex and less consumer-friendly look and feel. A new look at the user interfaces from ERP vendors such as DSPanel’s partner Epicor, all reveal that 2015 may be the year that enterprise software starts to close the usability gap with the social media giants.

  • Different technologies complement one big system and make it simple

When it comes to ERP systems there is an increasing demand for software which complements each other. Companies will create a large puzzle with items of software that suit their needs perfectly. More importantly, the choice of software is becoming crucial. The major software developers like to react quickly to current trends, providing swift interaction, and a wide variety of their products. This means the puzzle is going to get bigger in 2015.

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.