Researchers suggest that the global market of business intelligence and analytics will expand to reach $22.8 billion by 2020.
The demand for business users to access critical business data in real-time is increasing exponentially. BI is essential for any business to gain insights from old records, predict future shortcomings, and aid in avoiding challenges. Data visualization and analytics tools assist in achieving long-term goals for any organization. The self-service business intelligence market is fueled by the increasing demand for extensive data in the companies and also manages their operations diligently.
Self-Service Business Intelligence
Self-service business intelligence is a type of BI that promotes professionals to generate business reports without the assistance of the IT department. This advanced analytics tool allows business users to access company data easily, along with investigating and manipulating it to identify business opportunities. Your company does not require to be technically efficient to get hands-on self-service BI. The tool is specially built to frame the status of metrics and reveal the relationship between parameters and data points. The self-service analytics tool provides opportunities for improvement in the existing techniques and works on refining business strategies.
Hence, self-service business intelligence and analytics solution is a smart data preparation tool that authorizes business users to access multi-structured data and increases the chances of data discovery in a business ecosystem. Selecting a self-service BI solution requires a diverse approach than that of the traditional BI tool.
Importance of High Self-Service Factor for Business Intelligence Solutions
The factors mentioned above should be considered before opting for a self- service analytics solution. Hence, a high self-service factor helps in making the required data available to the business user in real-time. Self-service BI is the right solution for your company when it is designed and deployed by experts.