7 Key Business Intelligence Software Trends for 2019

By Keith Craig, Better Buys

 

Peter Drucker, father of the Knowledge Economy and business management guru said, “Knowledge has to be improved, challenged and increased constantly, or it vanishes.”

Nowadays, vanishing isn’t the worry. Rather, that knowledge – in the form of raw data – has been constantly and exponentially increasing. Data sources are myriad and everywhere.

Have a doctor’s appointment? Your vitals, diagnosis, and Rx get databased. Engage an e-commerce website? Your keystrokes and submitted information get funneled to a CRM. Run a factory? Smart machines record their performance metrics. Involved in a supply chain? Data on product distribution and raw material use gets monitored and stored for future reference.

With this ever-increasing aggregation of factual data, software platforms – many utilizing Online Analytical Processing (OLAP) technology – facilitate ad-hoc analysis across multiple dimensions. Once the data has been stored, BI software slices, dices, and juliennes it. Visualizations yield insight through charts and graphs that populate dashboards. Such business intelligence software delivers value by generating real-time analytics that delineate trends, from which company principals can confidently make proactive decisions rooted in facts.

The impact to your business? Decisions rendered from Business Intelligence improve personnel, product and user experiences. Your company runs better. Staff is content and productive. Customers are happy. Product moves. Revenue climbs. Profits soar.

Drucker would be thrilled with today’s Business Intelligence software, which by its very nature improves and challenges marketplace and workplace knowledge. He would find it unsurprising that the trend to use Business Intelligence software continues to surge.

The following infographic on 7 Key Trends reflects this sustained momentum, popularity, and utility of Business Intelligence software as we move toward 2019.

7-Key-Business-Intelligence-trends-inforgraphic

Keith Craig is Content Marketing Manager for Better Buys. He has more than a decade of experience using, researching and writing about business software and hardware. He can be found on Twitter and LinkedIn.