Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    data analytics and truck accident claims
    How Data Analytics Reduces Truck Accidents and Speeds Up Claims
    7 Min Read
    predictive analytics for interior designers
    Interior Designers Boost Profits with Predictive Analytics
    8 Min Read
    image fx (67)
    Improving LinkedIn Ad Strategies with Data Analytics
    9 Min Read
    big data and remote work
    Data Helps Speech-Language Pathologists Deliver Better Results
    6 Min Read
    data driven insights
    How Data-Driven Insights Are Addressing Gaps in Patient Communication and Equity
    8 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Four Hot Trends in Business Intelligence
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > IT > Cloud Computing > Four Hot Trends in Business Intelligence
AnalyticsBusiness IntelligenceCloud ComputingJobs

Four Hot Trends in Business Intelligence

Brett Stupakevich
Brett Stupakevich
4 Min Read
SHARE

4 Hot Trends in BI photo (advanced analytics)

Amanda Brandon
Spotfire Blogging Team

It’s been a while since we brought a hot trends post to the Spotfire blog. So, here’s an update on what’s happening now in business intelligence.

More Read

Google and Amazon as Benchmarkers
The Technology Problems With Social Media ROI
5 Ways Big Data is Changing Marketing Forever
A Different Strategy for Solvable Problems in Big Data Predictive Analytics
Big Data is the Answer – What was the Question?

4 Hot Trends in BI photo (advanced analytics)

Amanda Brandon
Spotfire Blogging Team

It’s been a while since we brought a hot trends post to the Spotfire blog. So, here’s an update on what’s happening now in business intelligence.

1) Big Data is a big topic. 

 Last week, we brought you a week of posts on what’s happening in Big Data and how to process all that data to generate business value. PC Magazine reporter Damon Poeter (@dpoeter) has a great article and link to an infographic on “Data, Data Everywhere” that illustrates this trend’s size and scope. The takeaways: 

  • Big Data has left the door open for innovators “who can deliver more for less to handle our exponentially increasing data management needs.”
  • Data is expected to grow 40 percent each year, as IT spending is only set to grow 5 percent each year.

2) We’re lacking in data analytics talent.

Richard Herschel, professor and chair of decision and system sciences at St. Joseph’s University, recently surveyed BI professionals and reported that the problem lies in that “only a handful of academic institutions worldwide offer comprehensive business intelligence/analytics programs that can address this issue.” See our coverage of this hot trend here.

3) Alternative BI solutions lead to speed and lower costs.

The cloud has been around a while and can lead to lower expense and better results as  Shawn Rogers (@shawnrog), VP of Research – Business Intelligence at EMA, recently told us.  However, a new trend in BI is pre-built analytic applications also known as PAAs. Phil Simon (@philsimon), a technology consultant, covered this in a Search-CIO Midmarket article this week.

The takeaway is that PAAs may offer a faster BI deployment and may be better suited for specific purposes such as helping companies answer specific questions, especially around KPIs. Simon writes that “PAAs come with industry and department benchmarks, allowing data to be placed in an appropriate context.” But they don’t solve the data management problem. The data quality is still important, Simon writes.

4) BI is more than an IT function – it’s about people and business decisions.

We cover this topic more than most on the Spotfire blog. And Jim Ericson (@jimericson), editorial director at Information Management makes a very good argument about this trend in his blog “Tired Words and Real Trends.”

To help make his point, Ericson quotes Forrester Research’s Clay Richardson (@passion4process):“We’re seeing a shift from IT to ‘business technology’ where the business takes more ownership of driving technology solutions. In current scenarios, the business is partnering with IT, but now has the cloud, mobile and other directly accessible technologies as well. Innovation is happening so quickly at the edge of the organization and with the customer, IT and enterprise architecture can no longer keep up with the pace, Clay figures. “It’s almost like IT and the enterprise architecture function becomes a sort of venture capital group that takes in ideas and invests in the best ones,” Clay says.

Now, it’s your turn. Share your thoughts on these four trends and what you consider to be the latest, greatest trends in business intelligence in the comments below.

 

TAGGED:educationtraining
Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

data analytics and truck accident claims
How Data Analytics Reduces Truck Accidents and Speeds Up Claims
Analytics Big Data Exclusive
predictive analytics for interior designers
Interior Designers Boost Profits with Predictive Analytics
Analytics Exclusive Predictive Analytics
big data and cybercrime
Stopping Lateral Movement in a Data-Heavy, Edge-First World
Big Data Exclusive
AI and data mining
What the Rise of AI Web Scrapers Means for Data Teams
Artificial Intelligence Big Data Exclusive

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

machine learning with spark-language
ExclusiveMachine Learning

7 Lessons That Will Teach You All You Need To Know About Machine Learning

6 Min Read
big data skills
Big DataWorkforce Data

How Companies are Meeting the Big Data Skills Challenge

5 Min Read
big data and high-tech education
Big DataExclusive

4 Fascinating Big Data Educational Opportunities For Kids

9 Min Read
big data helping students lending
Big DataExclusive

Can Big Data Solve The Student Loan Crisis? Here’s What To Know

6 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

giveaway chatbots
How To Get An Award Winning Giveaway Bot
Big Data Chatbots Exclusive
AI chatbots
AI Chatbots Can Help Retailers Convert Live Broadcast Viewers into Sales!
Chatbots

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?