The Future of Business Intelligence: Traditional vs. Modern BI Dashboards??

Dashboards are like the control centers of a business, giving you a clear view of your data to make better decisions??. Traditional dashboards have done a good job showing us what happened in the past, but they have their limitations. Modern dashboards , however, bring a whole new level of power and usability.?

In this article, we'll explore the differences between traditional and modern dashboards, uncover the drawbacks of the old-school approach, and highlight an exciting new solution for businesses.??

Whether you're experienced or just starting out, you'll see how the right dashboard can transform your data analysis and decision-making process ?? .?

What are Traditional BI Dashboards??

Traditional business intelligence (BI) refers to using computers, codes, or other digital means for people to analyze data. ???Data is collected manually from different sources like databases & spreadsheets and stored in the data warehouse.?

After storing, many problems still need to be fixed. Your data must be cleaned before it can be transformed into a more useful format. The cleaned and transformed data is loaded into a multi-dimensional cube to keep it organized for analysis.??

Managers and analysts access this data through pre-defined reports and dashboards, which are usually static and offer limited interaction or customization.?

Limitations of Traditional BI Dashboards?

Traditional BI dashboards?? have a few limitations that can affect your business to a great extent.?

Complexity: Traditional BI systems are complex. They need a team of IT professionals to manage and maintain them. This makes it difficult for regular business users to operate without technical help.?

Time Consuming: Setting up traditional BI systems takes a long time. It can take months or even years to implement these systems fully. This setup delays the point at which businesses can start reaping the benefits of data analysis??.?

Limited Flexibility: Traditional BI systems are not very flexible. Once they are set up, it's hard to change them to meet new or changing business needs. This means businesses can't quickly adapt their data analysis tools to new situations or requirements.?

Scalability Issues: As businesses grow and the amount of data increases, traditional dashboards often can't keep up. They struggle to handle large volumes of data efficiently, which can slow down performance and make data analysis difficult.?

Because of these issues, many businesses are moving towards more modern BI solutions that are faster, more flexible, and easier to use.?

What are Modern BI Dashboards??

Modern BI dashboards show a significant advancement in data visualization?? and analysis tools. Modern BI dashboards offer interactive, real-time visualizations for easy data analysis.??

Users can customize their dashboards?? and access data from anywhere, using intuitive interfaces. These cloud-based platforms integrate with various data sources and allow team members to collaborate.?

They provide advanced analytics tools , such as predictive analytics and machine learning , for deeper insights. Overall, modern BI dashboards empower users to make data-driven decisions?? efficiently by providing powerful, flexible, and accessible tools for analysis.?

Advantages of Modern BI Dashboards?

Here are some of the most significant advantages of modern BI dashboards compared to traditional ones.?

Easy-to-Use: Modern BI tools are designed to be user-friendly, requiring minimal technical expertise or IT support. They're usually self-service, meaning anyone in the company can learn to use them. This accessibility allows more people to access and analyze data, empowering them to make informed decisions based on information.?

AI?? and ML Integration: Modern BI systems use AI and ML to increase efficiency and uncover hidden insights. They automate data preparation tasks and make them easier for us, locate anomalous patterns, and make future forecasts of clarity on the correct action to take. With AI and ML combined , businesses get improved data reports and precious insights without manual labor.?

Flexible: Modern BI systems can handle different types of data from various sources. It doesn't matter if the data comes from spreadsheets, databases, or social media. These systems can gather, organize, and analyze it all. Plus, they can grow and change as the company's needs evolve.?

Real-time Insights: These BI systems can analyze data in real time. That means companies can see what's happening right now and make decisions based on the latest information. It helps them react faster to changes in the market or customer behavior.?

How to Choose Between Traditional and Modern BI Dashboards???

When deciding between traditional and modern BI systems, it's important to consider some specific business requirements, such as:?

• Understand the key objectives and challenges your business faces and identify the types of insights you require from your BI system to address them effectively.?

• Consider the amount and complexity of your data. Traditional systems may struggle with large or varied datasets, while modern ones handle them well.?

• Think about your budget and your team's skills. Traditional systems can be expensive and need technical expertise, while modern ones are usually cheaper and easier to use, requiring less IT support.?

• Consider your business's future growth and scalability requirements. Make sure the BI system you choose can adapt to your future needs and changing data demands, providing flexibility and scalability as your business evolves.?

Considering these factors helps you pick the right BI system for your business, ensuring it fits your needs, budget, and growth.?

Why Lumenore is the Best Choice for Modern BI Dashboards??

Modern BI dashboards?? offer users tools that are strong, consumer-friendly, and timesaving to rely on. Lumenore is an excellent choice for businesses looking to benefit from the new BI.??

Lumenore's ETL process is completely automatic. Its proprietary KPI creation process, done by AI, eliminates human effort to create KPIs and layout designs immediately upon receiving data.??

As a result, companies don't need separate resources to make these tasks happen. ???Data visualization can use Lumenore to draw a clear picture for people of all expertise levels in the user interface secondary to help them select and analyze data, thus nurturing a data-driven ethos.?

Its natural language query feature allows users to ask questions in language, breaking down technical barriers and enhancing root cause analysis. Additionally, Lumenore’s augmented analytics engine provides insights on outliers, trends, and more without the need for programming, making predictive modeling efficient and effective.?

With these features, Lumenore offers a powerful BI solution that meets the needs of modern businesses, ensuring even non-technical users can create and understand complex data visualizations??. This makes Lumenore the ideal choice for businesses aiming to thrive in a data-driven world.?

Discover how Lumenore's modern dashboards can transform your business by visiting our Dashboard Page . To learn more about our mission and team, check out our About Us Page .?