Following our annual tradition, we present to you Panorama’s top Business Intelligence Trends and Predictions for 2017. Tomer Paz, our Product Manager and BI Expert, put together the top 10 predictions that businesses should be aware of. You can see them in this clear infographic that will guide you through each one of the major trends that will take place this year.
We generate around 7 and a half sextillion gigabytes of data worldwide every day. The amount of data we generate is growing exponentially. We know that 90% of the world’s data was created only in the last 2 years. And the Internet of Things is already a reality, and one that grows at unprecedented pace. Around 30 billion objects are expected to be connected to the IOT by 2020. Everything will be connected, from sensors in soil and oceans, to street lamps, to wearables, cars, and even dog collars. This means that the billions of sensors in devices will be generating tons of data. If this data is processed and analyzed correctly, the possibilities for finding insights are endless.
In today’s world, every business should be digital. But we don’t necessarily mean that you should be selling software. We mean that you should be taking full advantage of technological advances by exploiting the huge amounts of data generated every day. The digital era brought with it an enormous amount of data. This data has the potential to transform your business into an insight-driven organization. Every day we generate 2.5 quintillion bytes of data, can you see the potential insights? If you do, then you understand that every business’s goal should be to become insights-driven.