The analytics industry is going through a number of changes recently and rapid transformation is inevitable. This is driven by the never-ending quest for higher revenues, improved customer service and rationalization of costs. Analytics is also the flavor of the decade across industries and those who have got the long-term BI & data management strategy right will stay ahead.
Dashboards Evolve and Expand
Dashboards are the bread and butter of business intelligence interface. They can be found in many big and mid-sized organizations. Dashboards continue to be the top priority for expansion as well as innovation. They are increasingly using next generation technology to align with business goals. Just getting data does not help a company improve. Better dashboards make sure that employees remain focused on the correct metrics and informs so that preemptive action can be taken. The main features of better dashboards include the users’ ability to mix together data, in-memory processing and even assemble personalized dashboards. The ability to connect insight to action is key and ensures user is Empowered.
SAP recently brought out their newest dashboard tool, Design Studio. However, support of data-source is primarily restricted to HANA in-memory database and SAP BW. Data visualization capability and mobile will be gradually be improved by SAP. Another good, although dated, tool is the 2012 Oracle Endeca Information Discovery. It is an excellent tool to go through unstructured data by employing faceted search.
Self Service BI marches forward
In Self Service BI or Business Intelligence, users have the capability to go through new data sets with minimal IT support. Visual data discovery tools are used here. This market is growing much faster than the average BI market. Self Service BI capabilities range start from interactive reporting going on to business query and eventually to visual data discovery. BI vendors should educate the customer. This would empower workers and also guarantee that much needed IT resources is given the best possible allocation. Good BI talent is scarce, and even hiring is not a sustainable solution. BI developers should also innovate more creating innovations and solve data challenges of increasing complexity.
Mobile BI is a reality
The days when the corporate sector can set standards for mobile devices are long past. Users are now bringing their own devices into the office, compelling BI vendors to support a wide range of tablets and smartphones. Diversity of support can be solved by HTML5, but device native applications provide the best user experience. Offline data-interaction capabilities are now supported by SAP Mobile, Oracle Mobile HD and MicroStrategy among others. Mobile will continue to spearhead adoption of BI in through 2014 and beyond.