10 Most Prominent Business Intelligence Buzzwords to Know in 2021

Technology is just not complete without analytics and Business Intelligence. Though there is a range of technologies that we get to see with every passing day, Analytics and BI are here to stay. And it is solely because of this that we have come up with a list of the 10 most prominent business intelligence buzzwords that will dominate in 2021. Read on to find more.

Embedded analytics – This is nothing but the integration of analytic content and capabilities within business process applications. It is by virtue of this that one can get hands-on all the relevant information. This further enables the users to work smarter and efficiently. High-value business problems are no longer a problem area with Embedded Analytics in place.

Cognitive computing – This is one of the most trending fields, without a doubt. Talking about this here, thus makes every possible sense. No doubt, we have to deal with tons of data Interpreting and processing such humungous structured and unstructured data is the potential of this computing. Simply put, this technique helps in transforming the data into valuable information.

Data accuracy – Data accuracy is yet another most prominent business intelligence buzzwords that one gets to hear – all because of the pandemic. The pandemic has left people to crave accurate data, be it in the form of the number of infections, vaccination status, mortality rate, etc. Organizations have realized that accurate data is the backbone of the business which is why they are relying on AI for this.

Decision intelligence – Needless to say, a business cannot flourish unless the management is in a position to make better decisions. Hence, organizations taking full advantage of data and analytics to draw meaningful insights that would further aid in taking better decisions come as no big surprise.

Predictive analytics – To be able to predict the future by making use of the past and present data can never go out of style. This has served to be a blessing for most of the organizations, hence makes into the list of the most prominent business intelligence buzzwords. This technique is considered to be one of the best ways in identifying the risks and opportunities for the business.

X Analytics – Though not a new term, but this surely stands for every reason to make it into the list of business intelligence buzzwords for the year 2021. This term, coined by Gartner, where X is the data variable for a range of different structured and unstructured content such as text analytics, video analytics, audio analytics, etc. is the ability to run any type of analytics on data – be it structured or unstructured. Considering how reliant organizations are on data, this concept has a pivotal role to play as far as recognizing, predicting, and planning are concerned.

Mobile analytics – Who would deny the increase in the usage of mobiles? Well, no one – and that's pretty obvious. Now that a lot of vendors are offering mobile solutions within their software, organizations are inclined towards mobile data The market size will continue to grow and that is solely why this factor cannot go unnoticed for calling it a buzzword.

Augmented data management – Securing high-quality data for real-time analytics has always been a challenge. This is where augmented data management comes handy. With this in place, companies can harness data through cross-department collaboration that ultimately means better business decisions.

Prescriptive analytics – This is where the users "prescribe" a number of different possible actions to undertake and guide them towards a solution. In addition to talking about what will happen, this analytics also highlights why it will happen so that the business can take all possible actions.

Collaborative BI – This is a combination of social media and other modern technologies, with online BI It serves as a powerful tool for the businesses as they get involved in faster and more informed decision-making.