Data is invaluable to all companies, from budding startups to global enterprises. This growing commodity is triggering organizations to deploy business intelligence solutions that will elevate and accelerate data-driven decisions.
Successful organisations are prioritising a modern business intelligence approach, and in turn, priming their workforce to be the most analytically savvy generation ever seen. For a competitive edge in 2018, organisations must recognise the strategies, technologies, and business roles that can enhance their approach to business intelligence.
Here are some of the most critical trends to bear in mind looking ahead to a new year, and even beyond.
Business Intelligence Trends For 2018
Don’t fear AI: How machine learning will enhance the analyst
Popular culture is fueling a dystopian view of what artificial intelligence can do. But while research and technology continue to improve, machine learning is rapidly becoming a valuable supplement for the analyst, providing assistance and driving efficiency.
By automating simple, yet, labour intensive tasks like basic math, analysts gain time to think strategically about the business implications of their analysis and plan for next steps. Secondly, it helps the analyst stay in the flow of their data. Without stopping to crunch numbers, analysts can ask the next questions to drill deeper.
Machine learning’s potential to aid an analyst is undeniable, but it’s critical to recognise that it should be embraced when there are clearly defined outcomes. While there might be concern over being replaced, machine learning will supercharge analysts and make them more precise and impactful to the business.