Business Intelligence Consulting can help any business move forward in the coming years, but knowing what to expect can be tricky, especially if you’re new to this consulting. Businesses need specific strategies and plan to keep up with their industry and their competitors. With these seven pieces of advice, you can rest assured that your business will stay ahead of the curve in any year of any decade.
Self-service BI
While self-service BI is expected to increase, more businesses will look to third-party providers such as Cognos and Oracle. As part of a larger business intelligence consulting strategy, these third-party vendors will serve different roles than they do today. Instead of providing pure application software, they’ll offer more services and expertise around how businesses best leverage their data. Businesses that work with third-party providers can expect more expert advice during each project phase, from planning to implementation.
Data Cognition
The future of business intelligence is changing. As data collection continues to grow, it becomes even more critical that we can collect, store and make sense of massive amounts of data. Having business intelligence capabilities can make all these processes far easier and more streamlined than ever before. I can help your business look forward by using new technologies and methodologies that will allow your organization to harness data for competitive advantage.
Natural Language Processing
NLP is a subfield of artificial intelligence (AI) and machine learning concerned with enabling computers to derive meaning from natural human language input. The term natural language processing was coined at IBM in 1964, by John George Kemeny and Thomas Eugene Kurtz. The field has many facets, including computational linguistics, speech recognition, spoken-language understanding, machine translation, text analysis, information retrieval, and sentiment analysis.
Also Read: 8 Data-Driven Benefits of Microsoft Power BI tool, which makes it A Blockbuster.
Collaborative and Integrative BI
As businesses become more agile and connected, they’re finding that they need tools that can integrate information from various sources and across various silos. Whereas companies used to try to find business intelligence solutions that would work best on their own, these days, they’re looking for solutions that facilitate collaboration and can effectively integrate data from other tools they already use.
Prescriptive Analytics
Rather than just measuring what happened, prescriptive analytics seeks to provide insights that can actively predict and help prevent future outcomes. Prescriptive analytics uses historical data to predict what will likely happen next—and it’s one of many tools used by professional services firms.
Conclusion
To build a successful business intelligence consulting practice and achieve high profitability, you must focus on clients and solutions rather than tools. Data analytics is an exciting field, but what makes business intelligence stand out from other disciplines is your ability to deliver practical, actionable insights about your client’s business through compelling visualizations and clean data management.
Contact us today if you’re looking for Business Intelligence Consulting Services or Business Intelligence Consultants.
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