We Asked BI Consultants About Future BI Trends. These Are Their Predictions.

It was only a few years ago when business intelligence (BI) was introduced for the first time. However, its evolution is proceeding at a frantic pace. After realizing the immense value BI provides, companies are constantly working on advancements. The latest trends in BI show that, in the near future, business will change drastically. But, … Continued

Better Data Management: Information Design According to IBCS®

Did you know that about 65% of bad business decisions stem from incorrect or misinterpreted data? To prevent this from happening, more and more companies started implementing data visualization that allows them to have an insight into data relevant to company growth. However, the problem with data visualization is that raw data is presented to … Continued

What Is Next for Augmented Analytics? (2021)

Data analytics used to be incredibly challenging for businesses to set up and run. To be fair, it is quite a lengthy process – from integrating various data sources and preparing them for analysis to actually analyzing the data and communicating the insights across the company. Recently, Business Intelligence (BI) tools advanced to the next … Continued

How Small Startups Can Leverage Business Intelligence

Most businesses collect raw data, even startups. Only those rare ones actually analyze it to the point where it becomes becomes intelligence and turns into useful information. One challenge though: more data demands more control. Companies often employ entire departments to crunch data, and small startups were unable to do so for a long time … Continued

4 Important Reasons to Simplify Your Data Visualization

Nowadays, all businesses collect increasingly more amounts of data. Usually, this data is presented in reports in plain numbers that sometimes don’t provide any value. Or, in contrast, it is presented in flashy, overly designed reports that require an extra amount of effort for clear understanding. The thing about data visualization is: a report that … Continued

Explained: Planning vs. Budgeting vs. Forecasting

Planning, budgeting, and forecasting are three financial terms that most people, even in the corporate world, often confuse. Maybe it’s because they often go hand in hand? Maybe. But all three are separate terms and topics. Planning, budgeting, and forecasting is a three-step strategic planning process that allows a company to determine and detail short- … Continued

These Are 15 of Our Favorite Quotes on Data Analytics

Who doesn’t like a good quote? We come across interesting and motivational quotes in literature, movies, or even news. What makes quotes so valuable is that they often tend to underline a key point or support an important truth. Even though it may seem a bit unusual, there are so many quotes on Data Analytics … Continued

Deep Dive: 3 Ways Enterprise Planning Changed in 2021

If business owners and CEOs learned anything in 2020, it’s that significant changes can happen without any warning signs. The COVID-19 pandemic has disrupted the way the modern enterprise functions. Being well-prepared for unpredictable challenges is crucial for enduring all the hardships brought on by sudden changes. After 2020, almost no enterprise can certainly “plan” … Continued

Explained: Building a Functional Data Warehouse

Having a functional data warehouse is vital for organizations that handle copious amounts of data. A data warehouse helps to run logical queries, build accurate forecasting models, and identify impactful trends throughout the organization. For those who are not familiar with the concept, a data warehouse represents a dumping ground for data from various systems, … Continued

Enterprise BI vs. Corona: Who’s Coming Out On Top?

The companies that were lucky enough to stay in business during COVID-19 found themselves in uncharted territory. As such, they were forced to make tremendous changes to the way they operate. In an attempt to defy the newly created economic downturn, enterprises started turning to analytics and business intelligence (BI) solutions and consulting companies to … Continued

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