(Derived from an article at http://www.klipfolio.com)
Business intelligence is undergoing a profound change with technologies such as mobile BI, cloud BI, and big data, leading the transformation. These changes are attracting attention, and will continue to change how we think about business intelligence throughout 2013 and onward.
Let’s look at the top 3 business intelligence trends for 2013, and how they may affect your business.
3. Cloud BI
Cloud BI is number three on this list because it faces the most difficult path to widespread adoption. For IT insiders, cloud-computing is recognized as having practically limitless potential. But, the most significant impediment to cloud BI adoption is a more wide-spread understanding of how cloud-computing works (documented in a recently released study by Citrix). For example, 95% of respondents claimed they “…had never used the cloud…” when in actuality, they had done so – for activities like shopping, social networking, and banking. This tells us two things:
- People are inherently (or perhaps unwittingly) trusting of the cloud (otherwise, no one would do their banking online)
- More people need to be educated about cloud-computing.
In 2012 Google found that many top CFOs assume cloud adoption as inevitable and regard this move as value-added.
Since you’re reading this, it’s likely that you’re already confident of the benefits of cloud BI. The main obstacle to adoption (as with most new technology) is education. It’s apparent that many folks already take the cloud for granted in their personal life, now it’s up to us to explain how the cloud can benefit their business.
Cloud BI will overcome many of the obstacles noted above and will be poised to go mainstream in 2014.
2. Big Data
If the term “big data” still has you befuddled, you’re in good company. Big data emerged as one of the top business intelligence buzz-words somewhere around 2012, and with that buzz comes a fair share of hype. While some hype is a good thing, that it can obscure the truth. If you check Wikipedia, you’ll find that big data defined as ‘…data sets that are beyond the scope of traditional collection and analysis methods…’ Every day your business is generating so much data, you probably need to rethink how you manage that data. Recognized IT/Big-Data author Stephen Few points out; the problem with big data is that doesn’t necessarily translate into “big information“.
The risk surrounding Big data is that of buying into the hype without actually generating actionable understandings that translate into ‘doable’ actions. The data you collect may be growing in size, but always remember: the purpose for that data is still the same.
Big data isn’t going away. We can derive this prediction based on the amount of attention it is generating. Contrary to all the hype and foaming popular opinion, big data is most likely due for a sanity check in late 2013. Once the big data hype moderates a bit, we can expect it to settle into relevant role in future BI implementations.
1. Mobile BI
The clamor around mobile BI is growing rapidly, and will continue to grow within the business intelligence community in 2013. Case in point; Dresner Advisory Services recently published a study which indicates that many users have aggressive plans for implementing mobile BI through 2015. The reasoning is simple – we live in an increasingly mobile world. Network connectivity is awailable practically everywhere and, over 75% of the people now have access to a mobile phone (according to a recent study by the World Bank). That number is going to continue to grow for the foreseeable future.
Similar to cloud BI, mobile BI faces a few obstacles to widespread adoption (namely; security, and implementation). Unlike cloud BI, mobile BI has the advantage of being easily understood with rapid adoption in the current context of mobile apps and mobile browsing.
Mobile BI will continue to generate momentum and be adopted by more enterprises throughout 2013.