Raw data continues to be the foundation for effective business intelligence (BI). However, the ways we collect, interpret, and use data are constantly changing. The popularity of BI dashboards has exploded in recent years, as they offer a concise and visually appealing way to make sense of large data sets.
As BI dashboards become more popular businesses are looking for new and innovative ways to make the most of this data visualization tool. What can we expect from the future of BI dashboards, and how can we stay ahead of the curve? Here are some predictions:
More complex and sophisticated designs
Greater integration with other software programs
More user-friendly features
Increased use of artificial intelligence and machine learning
Greater focus on real-time data
To stay ahead of the curve in the ever-changing world of BI, businesses need to be prepared to embrace change and adopt new technologies. In this article, we are going to look closer at each of the above predictions to give you a better understanding of what the future of BI dashboards holds.
Why modern enterprises need BI dashboards
Data is the lifeblood of any business, and the modern enterprise generates vast amounts of it. The challenge for businesses is not in collecting this data, but in making sense of it all and using it to make better decisions.
This is where BI comes in. Business intelligence is all about turning data into insights that can be used to improve decision-making. And BI dashboards are one of the most popular and effective ways to do this.
BI dashboards provide a concise, visually appealing way to summarize large data sets and give users a quick overview of the key information they need. This makes them an essential tool for any business that needs to make sense of complex data.
What can we expect from the future of BI dashboards?
The future of BI dashboards is looking promising. Here are some of the specific predictions for the future of BI dashboards:
1. More complex and sophisticated designs
Today’s companies are looking for ways to go beyond simple data visualization and make their dashboards more interactive and informative. This is leading towards more complex and sophisticated designs.
2. Greater integration with other software programs
Another trend shaping the future of BI dashboards is the ability to better integrate with other software programs. Many businesses are now using BI dashboards as part of a larger software ecosystem, integrating them with other programs such as CRM, ERP, and accounting software.
This trend is being driven by the need for businesses to have a more holistic view of their data. By integrating BI dashboards with other software programs, businesses can better understand how all the different parts of their business are performing. This, in turn, leads to better decision-making.
3. More user-friendly features
One of the biggest trends in the world of BI dashboards is the move toward making them more user-friendly. This trend is being driven by the need for businesses to make their dashboards more accessible to a wider range of users, especially those who do not have a technical background.
Some of the user-friendly features that are being added to BI dashboards include:
Intuitive design: making the dashboard easy to understand and use
Customization options: allowing users to tailor the dashboard to their specific needs
When each user can use a dashboard for their own specific needs, it leads to better decision-making across the organization. This leads to an organization making decisions based on more accurate and up-to-date data.
4. Increased use of artificial intelligence and machine learning
One of the most exciting trends in the world of BI dashboards is the increased use of artificial intelligence (AI) and machine learning. These technologies are being used to help businesses make sense of their data and make better decisions.
With so much data being generated every day, it’s becoming increasingly difficult for businesses to make sense of it all. Artificial intelligence and machine learning technologies can be used to sift through large data sets and identify patterns and trends.
As artificial intelligence and machine learning become more sophisticated, we can expect to see these technologies being used more and more to help businesses make sense of their data.
5. Greater focus on real-time data
Not only is data moving constantly, but it’s also being generated at an ever-increasing rate. This is leading to a focus on real-time data.
Real-time data is data that is updated constantly in near-real time. This means that businesses can use BI dashboards to get up-to-the-minute information on their data. And when combined with other features such as artificial intelligence and machine learning, businesses can use this data to make better decisions in real-time.
For example, a business might use a real-time BI dashboard to monitor website traffic data. This information could be used to identify spikes in traffic and make changes to the website accordingly.
Or a business that relies on customer feedback might use a real-time BI dashboard to track sentiment analysis. This would allow them to quickly identify any negative sentiment and take steps to address it.
With the increasing availability of real-time data, BI dashboards are becoming a valuable tool for tracking and responding to changes in the business environment in near-real time.
The bottom line
The world of BI dashboards is changing rapidly, and businesses need to stay ahead of the curve to make the most of this valuable tool. As you continue to utilize data visualization in your business, keep the future of BI dashboards in mind, and take steps to ensure that your BI dashboard is keeping up with the latest trends.
The best way to stay ahead of the curve is to partner with a BI dashboard vendor that is at the forefront of innovation. Look for a vendor that offers features like artificial intelligence, machine learning, and real-time data. And make sure that they offer a platform that is easy to use and customize.
Check out some related resources:
Guidance for delivering and measuring BI, analytics and data value
Domo Named a Leader in Nucleus Research’s 2022 Analytics Technology Value Matrix
Domo Apps – Interactive Profit & Loss
Try Domo for yourself. Completely free.
Domo transforms the way these companies manage business.