The intense pace of change is prompting organizations of all types to reinvent how they do business. As demand for data driven insights rapidly increases, businesses that can execute a pervasive, modern approach to BI are best positioned to lead in their industry. Here are the key capabilities to look for when evaluating modern BI tools.
The most successful business intelligence initiatives combine a smart analytics strategy with an effective data strategy. Raw data only gains value when it can be transformed into highly accessible, analytics-ready information.
This often begins by moving source data (ERP, CRM, etc.) into a central repository like a data lake or data warehouse. Data connectors in the analytics system load data from these repositories as well as specific applications and files so it can be prepared for use. This can be slow and tedious, requiring data experts which can create bottlenecks at scale. However, innovative data replication and data migration technologies can automate the integration process. In addition, Governed data catalogs that profile and document every data source let business users easily access, create, and share data sets on their own, combining any data they need to analyze.