Business Analytics in 2020: From BI to AI

Collectively, humans now generate 2.5 quintillion bytes of new data per day. The data we generate in a single year dwarfs every metric ever created between 2015 and the beginning of recorded history. In other words, the BI tools of the past can hardly be expected to keep up with today’s demands.

Not only is the overall amount of data increasing, the number of types of data are increasing, and the applications that store and generate data are increasing as well. Older BI tools can’t cope with larger volumes of data, and they also find it difficult to process data from new applications; it often takes a lot of manual adjustments to make an old BI tool fit a new app. As such, companies using BI tools may miss out on data-driven insights that are now available.

Author: Guest Author

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