The continuous proliferation of data keeps pushing enterprises to shift their strategical business focus towards analytics. To answer this new demand, a plethora of software applications are available boasting business efficiencies and data management specifically for organizations transitioning into the BI and Analytics world. Of all options to manage these new circumstances and exponential growth of data, Predictive Analytics has become the fan favorite. Reason being, the monetary return on investment is far exceeding initial expectations.
It’s become basic knowledge that humans are capable of registering information through visuals quicker than we can comprehend text. In fact, studies prove that we process graphics 60,000 times faster than the written word! Given this visual literacy statistic, as well as the progress of new technological capabilities within Business Intelligence, it’s easy to understand the significance of utilizing Data Visualization within your organization.
Business Intelligence is changing the game – literally and figuratively. For sports fans, consumer expectations have jumped to a brand new level of expectation. How they personally view, interact, and experience sought after information from their favorite teams should now be fully customized to their preferences, consistently up to date and in real-time, and fully accessible around the clock (to name just a few of their anticipated demands).
…And why your organization needs to adopt them, now!
The massive influence BI and analytics have recently had on companies can be seen in the staggering increase of adoptions within medium and smaller sized organizations. This level of availability has proved how quickly technology has infiltrated the business world and will undoubtedly continue to impact how these infrastructures communicate, collaborate, and cultivate. With this reality comes remarkable new trends that have the ability to catapult organizations into a data-driven and digitally-integrated future.