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Trends of Business Intelligence - PDF

   

Added on  2021-02-19

7 Pages1673 Words79 Views
Data Science and Big Data
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BIG DATA
Trends of Business Intelligence - PDF_1

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1CONCLUSION................................................................................................................................4REFERENCES................................................................................................................................5
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INTRODUCTIONBusiness intelligence can be defined as architectures, processes and technologies whichare used for converting raw data extracted from various sources into meaningful information fordriving profitable actions. It is a combination of service and softwares for transforming data toactionable knowledge and intelligence. It also refers to technological process to analyse data andpresent actionable information for helping managers, executives and corporates for makingdecisions. BI uses different types of tools, methodologies, and applications for enablingorganizations for collection of data from internal as well as external sources. Analysis andqueries are raised against data for creating reports and data visualisations so decision makers areavailable analytical results. This report will reveal current trends of business- intelligence in datawarehousing, business intelligence and data mining. It will also cover comprehensive knowledgeand systematic understanding of essential concepts (Business intelligence. 2013). MAIN BODYBusiness intelligence deals with applications, technologies and various practices forcollecting, integrating, analysing and presenting the business information. Motive behind BI is isfor supporting effective decision making for business. BI systems are defines as DecisionSupport System (DSS) which are data driven. BI system gives past, current as well as futureviews of business operations. Business intelligence has been revolutionised over past decade. Data has become big andspreadsheets have turned into actionable plus data visualisations and interactive business dashboards. Self service analytics have democratized data chain. Landscape of BI is continuouslyevolving and strategies for business intelligence are moving towards customizations. Businessesare now demanding for BI solutions that are best their specific businesses instead of increasedaccess. Trend is moving towards data discovery and quality data management which is strong,simple and powerful and most importantly it is clean and secure. For responding to demand ofself service, reassessment of current IT practices is necessitated by business intelligence. IT willbe required to assess the different needs and make available the technology services foraddressing self service needs (Thomas, 2015). The biggest trend of business intelligence is More advanced, CustomizableVisualizations. This trend is focusing on tools for creation of powerful graphics and specificallytowards developing advance cloud authoring capabilities. These tools will satisfy needs of data1
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