Business Intelligence 2014: A Data Odyssey
The phrase “Business Intelligence” (BI) is biting at everyone’s ankles, and doing it with increasing intensity. Darn, it’s getting hard to ignore!
There is going to be a large body of people coming into BI’s user domain in 2014, so we at TMG thought it would be useful to new entrants for us put down some curated predictions for BI for the period. Please take note that this post will be constantly refined as we come across predictions that we feel are more accurate.
The Predictions:
- The extraction of information from data will no longer have to be done only by PhDs in computer science. New tools have emerged that put serious capabilities into the individual user’s hands
- Up to half of BI vendors will exit the market
- Tableau and QlikView will outpace Microsoft Excel
- Data analysis and visualization will be increasingly be performed by cloud-based software
- Large databases will move to the cloud from earth-based (kidding!) servers
- Using Agile methods for BI will burgeon in popularity
- BI will be increasingly embedded in software and hardware, from which data will be streamed in real time
- BI will be more often be wrapped in a story-like narrative
- BI will go mobile
- Companies will stop faffing around with social media analytics and get serious
- The popularity of NoSQL will go through the roof
- Spending on BI tools will be low until 2016 (since it will take till then for companies to comprehend the meaning of Big Data)
Every time you see this post in the search results, revisit it: we will be updating it very frequently!
Sources:
Top 10 trends in business intelligence for 2014, Gigaom.com
Gartner Predicts… Gartner.com
Top Business Intelligence Trends For 2014: Enterpriseappstoday.com
Five Business Intelligence Predictions For 2014 Forbes.com
“BI will be more often be wrapped in a story-like narrative ”
I agree with this. I think that in order to be made more accessible to everyone, and not just the data analysts, BI software needs to be able to paint a picture for all the end users. What do all these numbers actually mean to you and me?
Absolutely. Big Data Power to the people!