Top 5 Business Analytics and Business Intelligence Trends in 2019

by Sunil Upreti Digital Marketing Executive (SEO)

Over the past few years, business intelligence has been greatly revolutionized. Data exploded, and has become really big which has given a rise in introducing business analytics courses in Delhi. We all have gained access to the cloud. Spreadsheets are now at the backseat and insightful data visualizations have become at the forefront.

Let’s learn more about these top Business Intelligence trends:

1. Data Quality Management

When it comes to data quality, the analytics trends in it grew amazingly. The rise of business intelligence to analyse and extract value from multiple source of data that we collect at high scale, has introduced errors and low quality reports. It means the disparity of data types and sources has added more complexity to the integration process.

According to a survey, done by the Business Application Research Centre, the Data quality management will be seen as the most significant trend in 2019. It is essential to collect as much information possible, but the quality serves as the main consideration for the future of business intelligence. Attending training at business analytics institute in Delhi helps you learn more about it.

2. Discovery of Data

The impact of data discovery has been growing since last year. The already available survey done by the Business Application Research Centre has registered data discovery in the topmost 3 business intelligence trends as per the importance hierarchy. BI practitioners gradually show that the empowerment of business users is a consistent trend.

A mandate element to consider is that data discovery tools are based upon a process, and then, the produced findings will bring actual business value. It further requires comprehending the relationship between data in the form of visual analysis, data preparation and guided advanced analytics.

New visualization and interactive types allows decision-makers to see, within an immediate, major trends, and spot outliers. Making use of data visualization tools to conduct those actions is being an unmatched resource to generate relevant information and create a wonderful decision-making process. During your training from business analytics institute in Delhi, you understand it well that business users need software that is:

Easily usable
Flexible and agile
Decreases time to insight
Enable easy handling of a high volume of data

3. Artificial Intelligence

According to 2019 Strategic Technology Trends report by Gartner, artificial intelligence is one of the major trends. Those doing business analytics courses in Delhi must know that artificial intelligence is mainly the science focusing at making machines execute what is usually conducted by complex human intelligence. It is often seen as the foe-friend of the human race in movies like Sky net in Terminator. AI is not yet going to destroy us, despite the legit warnings of some well-known scientists and tech-professionals.

While work is on to avoid such inconvenience, AI and machine learning are nowadays revolutionizing the way we connect with our analytics as well as data management. The fact is that it will influence our lives, whether we want it or not.

We are continuing to evolve from static and passive reports of things, which have already happened to proactive analytics along with live dashboards. These help businesses to realize and watch what is happening every moment and also alert in case of any risk.

4. Predictive and Prescriptive Analytics Tools

Business analytics of future is focused on finding the answer the questions like what will happen next. How are we going to make it happen? According to that, predictive as well as prescriptive analytics are till now the most talked about analytics trends. Especially since big data is becoming the primary focus of analytics processes which is being leveraged by big enterprises and small businesses alike.

Predictive analytics is known as the practice of extracting information from using the existing data sets to forecast future possibilities.

It’s like an extension of data mining, referring only to past data. Predictive analytics further includes estimated future data and hence, always have the possibility of errors from its definition. Predictive analytics suggests what might happen in the future with a level of reliability, encompassing a few optional scenarios and risk assessment. Business analytics courses in Delhi helps you learn about the benefit of its application. If it is applied to business, it can easily analyse current data and historical facts to better understand customers, partners and products to recognize the potential risks and possibilities for a company.

5. Well-Connected Clouds

The ubiquity of the cloud is not new for anyone who remains updated with BI trends. In 2019, the cloud will persist on its reign with more organisations working towards it as a result of the propagation of cloud-based tools which are already available in the market.

Besides, entrepreneurs will now learn how to use the power of cloud analytics, where most of the factors – data models, data sources, computing power, processing applications, data storage and analytic models are situated in the cloud.

Reputed business analytics institute in Delhi helps you know the current situation of industry. There are many companies shifting their data as well as all applications to the cloud. While it was less than 10% in 2016, the cloud will be a common strategy for around 70% of the companies in 2019.

While analysing the hosting environment, you take risk, costs, speed and complexity into account, which in a way makes it harder to get one solution that will fit all your needs.

In such scenario, opting for a multi-cloud stagey will be an option because it decreases risk and offers more flexibility. However, such flexibility comes with costs, as you require several providers and training your teams to understand the multiple platforms. If you are planning to explore business analytics courses in Delhi, this will be a good opportunity to learn more about this. Besides, you can also reduce your discount potential by purchasing more, in a less quantity, and at a higher price.