Business intelligence (BI) or analytics are terms that can be used interchangeably nowadays. However, they do not mean the same, but both are focused on making better data-driven decisions. In the past few years, there has been tremendous analytics use cases, several data sources, new devices, and rapid innovation than ever before. While there is a lot of buzz surrounding the ever-increasing amount of data, what matters is how organizations segregate the relevant information and obtain actionable insights out of the data they have. This is where the role of BI and analytics becomes even more imperative. Both BI and analytics are significantly becoming a vital driving force in organizational decision making.
The users’ demands and expectations from the BI and analytics tools have been growing with growing data analysis related needs. Self-service dashboards, mobile BI, interactive visual analytics, and auto alerts are some of the latest trends that the enterprises are leveraging at present. Self-service enables businesses to access corporate data and allows them to create reports on their own with little or no support from IT teams while mobile BI keeps the users informed and connected allowing them to access the information from anywhere.
Above all, adding flexibility to analytics platforms is crucial to maximizing the value of BI and data visualization today. Incorporating BI and analytics in the overall business strategy is proving to be favorable for businesses, and automation too remains a significant part of it. As software vendors integrate advanced artificial intelligence (AI) and machine learning (ML) into their platforms, organizations become capable of using BI functions on autopilot enabling the users to simply check some predefined metrics when the information is required rather than relying on developers to create and maintain reports.
This edition of CIO Applications presents “Top 25 BI and Analytics Companies - 2018” that hold the potential to assist businesses in analyzing the suitable solutions offered by these companies.