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The Future of Business Intelligence: What to Expect in the Coming Years

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Anvi Martin
The Future of Business Intelligence: What to Expect in the Coming Years

Business Intelligence Consulting: The Future of Business Intelligence (BI) has come a long way since the early 1990s, and that doesn't look to change any time soon. Businesses large and small across all industries need highly skilled BI professionals to meet the growing demands of data warehousing, analysis, and reporting on critical business metrics. With the sheer amount of data generated by businesses every day growing year over year, BI consulting services are in high demand to ensure that companies can extract value from all of this data coming in.


Self-service BI


Sure, BI has been around for some time now. But many businesses are beginning to realize that self-service BI is one way they can get hold of valuable information without paying a hefty consulting fee. If you consider developing and implementing business intelligence solutions, consider offering as much self-service as possible. Doing so will give users insight into their information (and tell them what kind of information they need) while also saving your company money down the road.


Data Cognition


Business Intelligence consultants help businesses identify and organize data to use it effectively in their day-to-day operations. By tapping into mountains of raw data, intelligence consultants assist businesses in making smarter decisions daily. Businesses' IT systems gather an enormous amount of data, much more than anyone employee can sort through. Having an outside expert analyze that data is one way for companies to grow and improve their businesses.


Also Read: 8 Data-Driven Benefits of Microsoft Power BI tool, which makes it A Blockbuster


Natural Language Processing


One growing business intelligence (BI) consulting trend is natural language processing (NLP). NLP refers to computers being able to understand human language and respond directly with advances in machine learning. As more technology providers incorporate NLP into their software, it will become easier for companies to automate workflows and make better decisions based on data.


Collaborative and Integrative BI


These business intelligence processes are frequently used in conjunction with business intelligence consulting. Essentially, they come down to setting up your BI structure in a way that makes it easy for different departments within your company to share information. This can be an effective way to ensure everyone has access to all relevant data--not just what's going on in their immediate work environment--and gives you greater insight into how different groups are doing within your company.


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