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3 Enterprise Business Intelligence Trend
Business
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HIMANSHU SAREEN
CONTRIBUTOR
Digital Entrepreneur and Tech Enthusiast
JULY 29, 2015
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When it comes to changes in the business-intelligence (BI) technology market, old g
Oracle aren’t leading the charge as you might expect. Instead, younger companies
exciting business-intelligence software products that we’re seeing hit the market to
Related: The World of Big Data Is Now Open to Small Companies
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02/03/2016 3 Enterprise Business Intelligence Trends That Can Benefit Your Business
Whether it’s Salesforce’s state-of the-art Analytics Cloud system; or the mobile POS
Tableau, BI software that delivers immaculate data reporting at the speed of real tim
increasingly a thing of the past.
That means that newer, more adaptable BI tools (and the across-organization integr
increasingly large part of the way we communicate and do business.
In that spirit, I submit three BI trends that can benefit your business.
1. The rise of social intelligence
Businesses are becoming more and more customer-centric, and this is due in large
consumers behave. As a small business, you can’t be caught behind the curve in th
or small, can simply expect customers to buy products and services. Instead, curren
blog posts, sharing reviews through sites like Facebook and Twitter and commentin
networks.
In fact, social media platforms have given marketers an endless number of ways to
data trails that these networks create; and that's key to creating engagement. Howe
account and expect that simply because you’re on social media, your customers wi
advanced analytics technologies to help mine “big data” sources in order to learn m
different ways they prefer to communicate.
So, what exactly is social business intelligence? Essentially, it combines the tradition
score cards, etc.), to track overall performance and shine a light on key performanc
SBI then applies these results to analyze and deliver insights from social media. In o
tool that allows users to incorporate social networking, monitoring and analytics int
which can lead to better ROI. This type of technology can be a windfall tool for sma
businesses typically don’t have the budget to market outside of social media.
Still stuck on where to begin when it comes to implementing a social intelligence to
IBM’s Social Media Analytics Software as a service tool is particularly good at helpin
new sentiments that their constituencies are engaging with (see an overview here
smarter and more proactive you are when it comes to engaging with your custome
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02/03/2016 3 Enterprise Business Intelligence Trends That Can Benefit Your Business
rates.
Related: Decoding Big Data for Business Growth (Infographic)
2. The emergence of smart analytics
The end result of all BI software tools is to help end-users make more informed dec
numbers allow us to be, how effective are our insights, really? With everything in bu
software we use to leverage insights must move faster. Whether a company wants
better or help drive its strategic decision-making, smart analytics tools can use your
new insights.
Chandni Vyas recently wrote about how the use of predictive analytics helped Cox
and broadband provider in the United States) reduce customer turnover and increa
predictive analytics to identify business drivers for growth, then determine which cu
Cox wanted to figure out why customers would choose the company and which on
the company was able to put more campaigns into the field.
While the ability to forecast analytic trends is still a new frontier for many companie
means that this is a tool your business should look into. Consider this video clip
integrate into the way companies perceive data now.
The growth of increased threat intelligence
As a small business owner, you may not have outside threats, like malware and hac
announces a host of new cloud based security and analytics tools, you know that e
From what we’ve seen in the last few months, increased threat intelligence is a top
new threat analytics tools in the cloud back in April, and Microsoft followed up in M
Microsoft’s ATA platform in particular adds a fresh spin on threat analytics with a us
a top-down overview of where threats are coming from.
Why is better threat intelligence important to your small business? Simply because
leveraging technology that can make your business more reliable.
As with every other trend on this list, the ability to be more intuitive is important wh
vulnerable to attacks. What’s more, in an age where end-users typically use up to s
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02/03/2016 3 Enterprise Business Intelligence Trends That Can Benefit Your Business
access company resources, it’s no surprise that 76 percent of malicious attacks ste
By implementing advanced BI threat analytics tools into your business’ security sys
they happen, instead of remaining vulnerable to blind spots that can spell big troub
Related: Want Big Data to Help Your Marketing Team? Hire a Data Scientist.
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