Trends in BI for 2017 will be focused on greater self-service capabilities, more cloud BI reporting deployments, and the availability of better data visualizations.
Self-Service Capabilities Will Grow
When BI reporting was dependent upon IT resources to develop analytic models and create static reports or build dashboards, users had little choice but to accept the limitations of traditional reporting. And while many business decision makers still rely on IT and data specialists, they acknowledge the restrictions of the traditional model in a dynamic environment.
As leading edge BI platforms began offering self-service reporting, business executives and managers were able to reduce the wait time for reports and create ad hoc dashboards that outperformed static grids and graphs.
The exponential growth of data each year makes self-service BI reporting tools a vital asset for businesses seeking to make informed operational and strategic decisions.
The Move to Cloud BI Will Continue
With the staggering amount of data available for analysis, cloud BI reporting tools can provide greater agility and scalability while reducing data center and operations costs. Businesses can ramp up their BI reporting capabilities without heavy upfront investment.
Cloud-based BI platforms also have a performance edge when it comes to integrating external data that rests outside the corporate firewall.
This advantage helps when users seek operational insights requiring real-time social data from sources like Facebook, Twitter, or comments on an eCommerce site.
The Demand for Embedded Analytics Continues
As enterprises become accustomed to asking a greater number and variety of questions of their business data, users are continuing to demand more and better reporting and analytics within their existing applications.
Often times, the best BI and reporting solutions should not involve a full-blown tool but context-specific charts and reports embedded within existing applications.
An embedded analytics solution reduces time-to-answers, training requirements, and on-going maintenance costs when compared to dedicated BI desktops and tools. With the right analytics embedded in the right places, users are inspired to act upon data insights quickly and impact business results.
The changes to BI reporting platforms in the coming year will make it easier to collect, analyze, and share data with greater efficiency and impact for business.