Business Intelligence and Analytics: Five key capabilities that are shaping the modern market

Today’s environment is competitive and fast-paced, with more data available than ever.  There is so much data to digest, that it can be difficult to interpret and use it effectively.  In many cases information can be disconnected in silos, with each department controlling and analyzing their own reports and performance metrics.  There are many barriers to company-wide user access and distribution of data.  So how are businesses successfully utilizing business intelligence and analytics tools within their organization in today’s environment?  We’ll use the 2018 Gartner Magic Quadrant for Analytics and Business Intelligence Platforms as our guide to glean some of the important characteristics of a modern enterprise reporting strategy.  Without getting into advanced topics like Artificial Intelligence, Quantum Computing, and Natural Language Processing (which are fascinating and will drive the future of the market), here are 5 key capabilities that are shaping modern BI and analytics:

1. Extensibility

According to Gartner, “The ability to govern deployments, promote user-generated content to trusted enterprise sources, deal with complex large datasets, extend and embed analytic content and support large global deployments have taken on new importance.”  

2. Ease of Use

“The business intelligence and analytics platform market’s shift from IT-led reporting to modern business-led analytics is now mainstream.  Modern BI tools that can support greater accessibility, agility and analytical insight while also maintaining ease of use (but at enterprise scale and trust for complex and large datasets) will drive and dominate new buying.”

3. Affordability

Leaders in the market demonstrate an “understandable and attractive pricing model that supports proof of value, incremental purchases and enterprise scale.”  

4. Security

“Capabilities that enable platform security, administering users, auditing platform access and utilization, optimizing performance and ensuring high availability and disaster recovery.”

5. Dashboards & Visualization

“Enables the exploration of data via an array of visualization options that go beyond those of basic pie, bar and line charts to include heat and tree maps, geographic maps, scatter plots and other special-purpose visuals. These tools enable users to analyze and manipulate the data by interacting directly with a visual representation of it to display as percentages, bins and groups.”

To find out more about how JAMIS Prime can help you deliver results and enable powerful dashboards and analytics through its native application and integration with Microsoft Power BI, sign up for our on-demand webinar HERE.  Or sign up for a personal demo of the application today –> HERE.