In an era defined by data, the ability to derive actionable insights is crucial for businesses to stay ahead. Today, those analytics go beyond mere self-service—embracing automation and artificial intelligence to enable better decision-making. Businesses must embrace this new generation of trends and capabilities if they want to fully harness the future of analytics.
At Spotfire, we’re in the business of ensuring our customers can do just that.
8 industry trends to look out for
How exactly are analytics evolving to drive action? And how can your business benefit? Spotfire has compiled eight future-proof trends that will revolutionize the way businesses operate in 2024 and beyond. With this list, your business will be able to prepare for, leverage, and adapt to the constant and continual evolution data-driven analytics undergoes and provides your enterprise.
Here are the eight industry trends that will matter the most to businesses in the coming years:
- Intelligent, adaptable business: Complex global market conditions require more shifts and pivots. Your business needs to be agile enough to respond in real time, every time.
- More AI-driven automation in the workplace: With as many as one in every four remote workers supported by new forms of automation, more AI proof-of-concept projects are emerging.
- Growth on the edge: Real-time analysis of IoT events is being built into models at the edge—when and where decisions are needed for the fastest response to customer needs and desires.
- Trust, ethics, and more accountable AI: Trust in AI remains one of the reasons executive decision-makers don’t believe in AI recommendation systems.
- Closed-loop decision models: Learnings and collective knowledge are becoming a shared asset for continually improving and accelerating response times.
- Convergence of analytics technology continues: Formerly discrete market categories, machine learning, data management, and governance continue to intersect.
- Interactive discovery is now table stakes: Natural Language Query (NLQ) and similar capabilities are driving generative AI and business intelligence innovation, making “AI on BI” a reality.
- “Citizen-built,” no-code data science apps: Business technologist roles have transformed traditional IT roles and become increasingly critical for competitive enterprises.
Develop an action plan for the future
With these trends as your guide, you can better equip your business to adapt and respond to challenges, produce better outcomes, and chart a future-proof course forward. By discovering the future of analytics and developing a future-proof plan, your business will be able to reshape strategies, for 2024 and beyond.
Stay ahead of the curve and unlock the power of data-driven decision-making with Spotfire. Dive further into our complete list of industry trends and discover the action plan needed to take advantage of these changes in our 8 future-proof analytics e-book.