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Get Ready For These Six 2020 Business Intelligence Trends

Smart Data Collective

More and more often, businesses are using data to drive their decisions — which makes cutting-edge analytics and business intelligence strategies one of the best advantages a company can have. Here are the six trends you should be aware of that will reshape business intelligence in 2020 and throughout the new decade.

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How IoT Can Be Connected to Business Intelligence

Smart Data Collective

IoT solutions as well as Business Intelligence tools are widely used by companies all over the world to improve their processes. First of all, you need to define what data should be collected from your IoT devices, processed, and visualized. Proceed to data analysis. But what if we combine these technologies?

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Utilize smart technologies to make smart investments

Dataconomy

In the modern era of data-driven decision-making, business intelligence projects have become the cornerstone for organizations aiming to harness their data for strategic insights. So which business intelligence projects can you trust in your next adventure? But this diversity often leads to sound pollution.

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Data monetization

Dataconomy

By harnessing the wealth of information generated within and around an organization, businesses can significantly enhance their market positions. The importance of data in modern business The rise of big data and the Internet of Things (IoT) has propelled data monetization to the forefront of business strategy.

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Data lakes vs. data warehouses: Decoding the data storage debate

Data Science Dojo

By using this method, you may speed up the process of defining data structures, schema, and transformations while scaling to any size of data. Through data crawling, cataloguing, and indexing, they also enable you to know what data is in the lake. References: Data lake vs data warehouse

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Exploring the fundamentals of online transaction processing databases

Dataconomy

Conversely, OLAP systems are optimized for conducting complex data analysis and are designed for use by data scientists, business analysts, and knowledge workers. OLAP systems support business intelligence, data mining, and other decision support applications.

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Future-Forward: 2024’s Most Promising Power BI Project Ideas

Pickl AI

Discover best practices for successful implementation and propel your organization towards data-driven success. Introduction to Power BI Project s The world of Data Analysis is constantly evolving, and Power BI stands at the forefront of this transformation. Power BI has transcended its initial role as a reporting tool.