What is the future of BI? This is a hard question to answer, as the future is already here! Technology is rapidly advancing every day, and BI is really the epicenter of our universe.
Based on better data availability and analysis, many organizations and executives are expecting a 1-2% growth in the upcoming years. Gartner is predicting the BI industry to continue to grow at a 7-8% rate (https://www.gartner.com/newsroom/id/3612617), which means more and more organizations are dedicating significant effort and money to better business intelligence. The great thing is, BI is becoming increasingly affordable, allowing it to become available to small to medium sized businesses. Having access to BI provides a competitive edge and allows smaller companies to operate leaner and capitalize on opportunities faster than their larger counterparts, which gives our proverbial “David”quite an advantage over their larger “Goliath”.
While BI might mean different things to different organizations, from machine learning and AI to predictive analytics and reporting, the end result is the same: increase operational efficiencies and take better, faster decisions based on more accurate, immediate data.
Naveen Miglani is the co-founder and CEO of SplashBI, a cross-application BI and reporting platform designed to make analytics more user friendly. He has been in the Data and BI industry for over two decades.
To see the full interview where Naveen discusses the future of BI, AI, and Machine Learning, view the BrightTALK video here: https://www.brighttalk.com/webcast/15031/254443