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Roadmap to Oracle Analytics
Free Business Templates. CFI has created a database of custom-made Microsoft business templates for financial analysts around the world to freely use. Download Excel (.XLSX), PowerPoint (.PPTX), and Word (.DOCX) documents for personal or professional use. Many of these files are taken from CFI’s financial modeling and valuation courses. Business intelligence with brains and brawn. Identify and share insights and performance metrics based on foresight, not hindsight. We've combined BI tools with analytics – backed by more than 40 years of expertise – to give you THE POWER TO KNOW ®. A smarter way to run your business.
Oracle's goal is to ensure that all organizations—regardless of size or type—can access all of their business data to gain even deeper insights and drive more-informed decisions. By breaking down data silos, Oracle is committed to meeting your analytics needs, no matter how advanced—or simple.
By integrating emerging technologies, including machine learning (ML) and artificial intelligence (AI), Oracle Analytics ensures that organizations do not have to compromise between governed, centralized, and self-service analytics. Instead, Oracle combines these three powerful forces into a single solution. Organizations can now quickly scale across all lines of business and realize the greatest potential from their data.
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Analytics permeates every aspect of our lives. No matter what the question is about—HR, finance, marketing, or supply chain—analytics provides the platform to drive contextual and informed decisions. Oracle Analytics combines ML and AI to your data to enrich LOB decision-making and predicative ability.
Moving to Oracle Analytics Cloud is more than just a deployment choice. It’s the next step that enables you to break down the barriers between people, places, data, and systems to fundamentally shift the way everyone interacts with data and technology.
As organizations plot their journey to Oracle Analytics Cloud, there are two aspects that remain central to all analytics goals: agility and expediency.
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Oracle Analytics platform enables you to simplify your analytics strategies with a modern, standard, and integrated platform. With advanced analytics, all key decision-makers are empowered to quickly find answers to predictive and statistical questions. While users across the organization can now craft a thoughtful, compelling, and visually stunning analytical story using data visualization extensions.
With mobile functionality, you can talk to your data using a search-driven approach to analytics that is optimized for voice. Ask questions and see your visualizations displayed. In-memory enhancements make it easier and faster to scale, especially with seamless integration.
The Real Business Intelligence Trends in 2022
Many companies are still adapting to changed requirements due to the COVID-19 pandemic. Although the situation now seems less acute and more long-term changes toward a ‘new normal’ are on the horizon, day-to-day business is far from settled. Some companies are dealing with last year’s decline in orders, while others are coping with the ongoing supply chain disruptions or are still in the midst of adapting their business model to the changed requirements or better equipping themselves for possible future crises.
A look at this year’s business intelligence trends reveals that companies are still working to position themselves well for the long term and are working on the foundation of their data usage. Instead, companies are addressing the root causes of their challenges (e.g., data quality) and also tackling the holistic establishment of a data-driven culture.
The BARC Data, BI and Analytics Trend Monitor 2022 illustrates which trends are currently regarded as important in addressing these challenges by a broad group of BI and analytics professionals. Their responses provide a comprehensive picture of regional, company and industry specific differences and offer insights into developments in the BI market and the future of BI.
Our long-term comparisons also show how trends have developed, making it possible to separate hype from stable trends. BARC’s Data, BI and Analytics Trend Monitor 2022 reflects on the business intelligence, analytics and data management trends currently driving the market from a user perspective.
Importance of Data, BI and Analytics Trends in 2022 (n=2,396)
The Most (and Least) Important Business Intelligence Trends in 2022
We asked 2,396 users, consultants and vendors for their views on the most important BI, analytics and data management trends, delivering an up-to-date perspective on regional, company and industry-specific differences and providing comprehensive insights on the BI, analytics and data management market.
Data quality/master data management, data-driven culture and data governance are the three topics that practitioners identified as the most important trends in their work.
At the other end of the spectrum, mobile BI, augmented analytics and IoT data and analytics were voted as the least important of the twenty trends covered in BARC’s survey.
Master data and data quality management in first position has retained this ranking over the last five years while the second most important trend, establishing a data-driven culture, has steadily increased in importance.
The significance of these two topics transcends individual regions and industry sectors. Establishing a data-driven culture is a trend that was newly introduced to the BARC Trend Monitor three years ago. Starting from fifth position in the first edition, it made its way up to third place in the last two years and is now ranked number two.
Data governance has also increased in importance. Having held down fourth position for several years, it rose to number three this year. Data discovery and visualization and self-service analytics (ranked four and five respectively) have been equally consistent trends, but both have now taken a back seat to data-driven culture.
Importance of Business Intelligence Trends (Timeline)
Our View on the Results
Master data and data quality management in first position has been ranked as the most important trend for five years in a row now. The stability of this trend shows the relevance of having good quality data to be significantly higher than other trend topics with a much broader presence in the media. It also reflects the fact that many organizations place high emphasis on their master data and data quality management because they have not reached their goals yet.
This is in line with findings of other BARC Surveys that repeatedly show that companies are constantly battling with insufficient data quality as a hurdle to making better use of data. Hence, master data and data quality management will remain very important and is also linked to the equally stable significance of data governance, which was ranked in fourth position for four consecutive years before climbing to third place this year.
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Establishing a data-driven culturehas increased in importance and is now ranked as the second most important trend. Since its introduction to the Trend Monitor in 2019, this trend has always ranked among the top five and is constantly gaining in prominence. This can be explained by the rising awareness that fostering a data-driven culture is vital to realizing the full data potential of a company.
Data discovery and data visualization and self-service BI have slipped down the rankings slightly this year. However, being ranked four and five in our list of 20 topics underlines their importance to organizations. All the top trends combine organizational and technological elements. They act as a solid foundation on which most companies are keen to put great emphasis.
The top five trends represent the foundation for organizations to manage their own data and make good use of it. Furthermore, they demonstrate that organizations are aware of the relevance of high quality data and its effective use. Organizations want to go beyond the collection of as much data as possible and actively use data to improve their decision making processes. This is also supported by data warehouse modernization, which holds on to sixth position this year.
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Some trends have slightly increased in importance since last year (e.g., data catalogs and alerting). However, most have stayed the same or just changed one rank.
There are some major shifts in the downward trends. Data preparation by business users dropped from rank seven to rank ten due to alerting and agile BI development climbing the rankings. Mobile BI also fell three places to rank eighteen. In this case, a continuous downward trend can be observed over the last four years.
In the next few weeks and months, we will post and update a series of articles looking at each trend in more detail. You will learn how different regions, industries, user types, company sizes and best-in-class companies rate the various trends and how their views have changed since last year. Sign up for our newsletter below and we’ll keep you informed about the latest articles.
The full study features analyst commentary and user ratings of 20 trends in the BI and analytics market