Monthly Archives: February 2017

6 Ways Business Intelligence is going to change in 2017

Ralph Tkatchuk – a freelance security consultant writing in Dataconomy, a leading portal for news, events and opinion on data driven technology talks about six ways the business intelligence is going to change in 2017.

Writing how decision based on data is more effective than those based on intuition, perception and assumptions, he goes along to tell that businesses driven by data are five times more likely to make faster decisions than their peers. And they are twice more likely to land up in the top quartile of financial management within their industry.

Till very recently only large enterprises with access to sophisticated business intelligence tools and ability to collect vast amount of data were beneficiaries of this data driven strategy, business also had to invest in analytical solutions and data scientist to convert this data into useful information leaving out large chunk of small and medium business out of its sphere of influence, but this is going to change in 2017.

In their bid to be on par with large enterprises on taking advantage of data driven technologies, SMBs are turning to self – sufficient business intelligence tools. With intuitive interfaces, astute data preparation tools and this coming at very low price points allow SMBs to be their own data scientists.

In light of this development, Ralph Tkatchuk expects business intelligence to change in 2017 due to the following,

  • Affordable Access – Complex data analytics becoming more cost effective and hence accessible to SMBs.
  • Smart Integration – BI is becoming available thru’ more integrations like messaging services and IOT, and BI is moving to on – demand service and helping SMBs.
  • Simplified Analytics – With comprehensive solution for back end number crunching and front virtualization, BI is commoditized to be within the reach of SMBs.
  • Cloud based data – The adoption of cloud based data- warehousing is contributing to SMBs BI self-sufficiency.
  • Evolved Visualization – The new self – sufficient BI tools offer data visualization in interactive and real time mode spurning dashboards which one can drill down.
  • Collaboration – With BI becoming accessible, SMBs may employ cross – team collaboration to increase effectiveness and efficiency.

All these above advances are making SMBs adapt to BI extensively in the coming days.

To read more on this subject, visit: