7 Corporate & Business Intelligence Buzzwords to Know for 2022
Blog post from Sigma
The webinar on 2022 predictions for business intelligence (BI) highlights emerging trends and buzzwords that are set to influence business operations. It emphasizes the importance of understanding and leveraging these trends, which include predictive analytics, diagnostic analytics, self-service BI, collaborative BI, embedded analytics, cognitive computing, and X Analytics. Predictive analytics focuses on using existing data to forecast future outcomes, while diagnostic analytics delves deeper into understanding the reasons behind past events. Self-service BI democratizes data analysis beyond IT departments, enabling broader business user engagement. Collaborative BI combines technology with online collaboration tools to enhance decision-making and stakeholder involvement. Embedded analytics integrates BI solutions into everyday applications, streamlining workflows. Cognitive computing aims to replicate human information processing through advanced techniques like machine learning. X Analytics extends the analytical capabilities to various data formats, aiding in crisis management and opportunity recognition. Understanding these trends is essential for businesses to harness their potential and make informed decisions.