Current Trends of Business Intelligence

Trends of Business
Intelligence

TABLE OF CONTENTS
INTRODUCTION ..........................................................................................................................3
MAIN BODY...................................................................................................................................3
Current Business Intelligence Trends..........................................................................................3
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Business intelligence is a tool or software which is used for analysing business, mining
data, data visualization, data tools and infrastructure and other best practices which enables
organization to make decisions in accordance to data driven. The project is about various
business intelligent trends which enables easy and quick functioning of business and help
organization in taking effective business decisions.
MAIN BODY
Current Business Intelligence Trends
Business intelligence trends gives an overview about organization and their concern
regarding the basis of usage of data and long term establishment of business. Nowadays business
are not concerned about whether data visualization is improving analysis of data instead they are
more interested in evaluating best approaches for improving business decision-making system.
The current business intelligence trends are:
Master data management/ data quality
The correct and up to date data can drive correct and effective decision and this is why
the importance of data management and data quality has increased. Ultimately the business
decisions are made according to the data and information i.e. decision makers have to rely on
information that is being provided. Therefore, it is necessary for organization to have accurate
information and data for making effective and good judgements (Zhao and et.al., 2020). Master
data management aims to collect and combine data and information from various systems and
sources such as customer, supplier or product master data. This enables management to take
decisions after evaluating all aspects that may impact decision-making process and make correct
judgement which will be beneficial for growth and development of business in long term.
Data literacy
The term data literacy is used to provide a description on ability of individual to
understand, read, write, communicate and interpret different data in specific scenario. It is the
tools and techniques that are used by individual to interpret and analyse data and effectively
communicating the information with others. In modern business world every individual of
organization can take part in decision-making process and share their views and ideas (Kansa
and Kansa, 2021). It is essential for individuals to have ability to comprehend and utilize data
this will be beneficial for corporate success and long term development of business. The internal