BARC Data, BI, Analytics Trend Monitor 2024

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Key Findings

1. AI and machine learning adoption:
   Industries are increasingly embracing AI and machine learning for advanced analytics and predictive insights.
2. Shift to self-service analytics:
   Organizations empower users with self-service tools, reducing dependence on IT departments.
3. Focus on data governance:
   Heightened emphasis on robust data governance addresses data breaches and privacy concerns, ensuring compliance with regulations like GDPR and CCPA.
4. Rise of cloud-based BI:
   There's a growing preference for cloud-based business intelligence solutions due to scalability, flexibility, and cost-effectiveness.

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