Analytics is the need of the hour, and so is the ability to generate reports as and when needed, without any reliance on the technical teams. Speed of analytics is as important as analytics itself. In today’s competitive world, decision-makers cannot hold-off their decisions due to lag in analytical insights. The solution presents itself in the form of next-generation self-service BI tools and technologies that provide faster results, do not rely on advanced technical knowledge, and enable ad-hoc or real-time analytics by the end-users. Such tools are faster to implement, flexible, and agile.
According to The 2016 Benchmark Report on Self-Service Business Intelligence, published this month by Starfleet Research, 92% of companies cite time reduction (e.g., the time needed to access information, the time needed to analyze data, the time needed to make decisions, etc.) as a top reason to deploy self-service BI.