Modern Business Intelligence is the new era of BI and data analytics. It has a new BI workflow. But what is different? What makes it “modern”? Let’s start by reviewing the previous BI models. First generation BI was governed and server-based. It was mostly about reporting and had only basic analytics with limited dashboards. IT had to do all the reporting and the process was usually long and tedious. Then came the second generation, which was desktop-dependent. Its claim to fame was self-service BI and dashboards that anyone could use. At first, it seemed great, until clear problems appeared, such as data silos, security issues, and the compromise of IT requirements.
Modern BI is the next generation, combining the best of both previous generations. Having learned from mistakes, the industry realized that both self-service and governance were important. What makes Modern BI “modern” is the ability to solve the requirements of business users, who demand more self-service, automated data discovery and KPI monitoring—beyond the basic needs of dashboards and reports. And at the same time, solve the requirements of IT and BI teams, who need governance to maintain a single version of the truth, secured data access, and powerful analytics.
To take full advantage of Modern BI’s benefits, enterprises need to implement a modern BI workflow. Consequently, both IT and business shine in their execution according to their capabilities and roles. Success happens when all parties collaborate and share their knowledge in a secure environment. The modern BI workflow is made up of four components.