If you are part of the BI and analytics industry you will be thrilled to know that all the buzz is here to stay and grow. 2015 has been a fantastic year for business intelligence, analytics and data professionals and the next year is going to be even better.
Here is the roundup of the best from 2015.
Democratization of Data became a Reality
Organizations are now empowering more users to fully leverage advanced and predictive analytics to “democratize” their data and bring insights to the masses through interactive visual dashboards. Democratization is going to be the future of data-driven decision making.
Mobile BI Trending
Mobile UI has emerged as the new normal. 2015 saw mobile business intelligence becoming must-to-have items for more and more BI teams. Mobile revolution isn't about devices, it is about data. With the increasing use of smartphones and other mobile devices, the interest in mobile BI is also on the rise.
IoT Taking the Center Stage
Big data and IoT took the center stage this year. The impact of IoT is unprecedented in terms of data exchange and collection. 2015 saw IoT giving rise to new business models that could alter the basis of competition.
Growth of Cloud and Hybrid Solution
Cloud analytics is now being used by businesses because of its scalability and easy access. According to this report, the cloud analytics market is expected to grow from $7.5 Billion in 2015 to $23.1 Billion in 2020 at a CAGR of 25.1% during the forecast period.
Self-Service Analytics Spawns new Governance Models
While business intelligence landscape has transformed from static reporting to interactive, self-service data which can be accessed by users across organization, the governance models also underwent transformation. IT-centric and business-centric governance models evolved and we saw organizations investigating what governance means in a world of self-service analytics. New federated governance processes and best practices are slowly emerging to keep data secure while letting business people get answers from that data.
It is all Data-Driven
Data is no longer a mysterious, secret art know to a few. 2015 saw more organizations using data analytics to drive marketing decisions.
The bottom line is 2015 was a fantastic year of great achievements and growth and we expect to see more next year. We expect data to become part of everyday lives and businesses revolutionize their data interaction to make better decisions.