Top 6 Business Intelligence Trends to Watch in 2023!

Top 6 Business Intelligence Trends to Watch in 2023!

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    Top 6 Business Intelligence Trends to Watch in 2023!

    Many industries are looking for the latest business intelligence trends to leverage in their business applications since BI has become a valuable asset to organizations worldwide. However, leaders are still struggling to get information on the top trends to help them predict outcomes in their organization and make well-informed decisions that can increase revenue and productivity and retain customers.

    We are here to help. By reading this blog, you will be updated on the BI trends that will drive organizations in 2023. By increasing analytical processes, leaders can spot improvements based on past experience and data insights.

    Companies are interested in deploying the latest BI technologies in their businesses to have an accurate view of their data. Therefore, don’t miss out on these latest BI trends for 2023 that I am going to walk you through in this blog.

    Natural language processing (NLP)

    Natural language processing is a branch of artificial intelligence that strives to make it possible for computers and machines to understand, respond, and process human languages like text and voice data. Natural language capabilities in BI tools revolutionize how people interact with their data, thus, allowing users to get insights into their data by just talking normally and asking questions as they think of them.

    Data automation

    Data automation is the practice of collecting, handling, cleaning, and storing data in an organized manner, using automated technologies rather than manually. Automating data ingestion procedures in your business enables you to save the time and money needed to extract, analyze, and visualize analytics manually, reducing the delay of updating data, leading to the long-term viability of the data. This has also contributed to the increase of an organization’s data quality by ensuring that the data is loaded in an organized fashion. This, in turn, improves confidence in data, thus lowering risks.

    Artificial intelligence

    Artificial intelligence involves the use of any type of computer software or machines that mimic the capabilities of humans, such as planning, learning, problem solving, and more. It is a trending BI topic in 2023 that helps companies leveraging it to make excellent decisions by increasing the speed and accuracy of the strategic and resolution processes. It is also useful in solving complex issues and accomplishing very complicated tasks within a short time.

    Real-time data and analytics

    Real-time data and analytics refer to the information that is available or delivered to a company as soon as that information is created, acquired, or collected. Implementing live dashboards will help users by enabling them to be in the right position of viewing the exact situation of all activities taking place in their industry. It also helps them move their business to the next level by allowing them to capture the current results of different departments, monitor their progress, and make necessary improvements using the insights.

    Data discovery and visualization

    Data discovery refers to the collection and evaluation of data from various sources for understanding and detecting trends, patterns, and outliers in the data, while data visualization involves the representation of data through common graphics like charts, graphs, and maps.

    Organizations leveraging data discovery and data visualization in their daily applications benefit from understanding relevant information from crucial areas in their department to better solve complicated data-based issues.

    Mobile BI

    Mobile BI is a top BI trending topic that allows organizations to access their data and information in mobile devices. It helps business users easily access real-time analytics and dashboards to examine and measure their operational effectiveness, productivity, customer satisfaction, and campaign performance. Those insights can be used to make quicker, more accurate decisions.

    There are also some BI topics that were popular last year but are still trending this year. These were mentioned in our article “Top 8 Trending BI Topics for 2022,” and I believe they helped you break down your data, see patterns and trends, and enhance decision-making. This year, they will help you analyze the increasing the volume of data in your organization to identify potential events, patterns, and opportunities before they occur. These trends include:

    • Data governance.
    • Data security.
    • Embedded analytics.
    • Predictive analytics.
    • Data literacy.

    Please refer to our blog for more details.

    Conclusion

    I hope this blog opens your eyes to understanding the latest trending business intelligence topics for 2023. Do not be left behind on these important technologies; put them into practice and wait for rapid growth in your company. You can also apply Bold BI in your business journey to help you visualize trends and patterns in your data to gain valuable insights that you can use to make better business decisions.

    To get started with Bold BI, sign up for a free 15-day trial and create interactive business intelligence dashboards. You can contact us by submitting questions through the Bold BI website, or if you already have an account, you can log in to submit your support question.

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