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Business intelligence — which is the ability to make better decisions on real-time, visual data — will be the reason for the next renaissance.
The last renaissance was after the printing press revolutionized humanity by causing literacy to increase after its invention in the 1440s. But literacy didn’t actually skyrocket until the Industrial Revolution made literacy economically valuable. Instruction manuals for machines became important to read during the Industrial Revolution. Books were cheaper and more subjects were available.
Kamal Hathi, a general manager at Microsoft, said spreadsheets were the printing press of data literacy. But artificial intelligence will make data literacy skyrocket like the industrial revolution made literacy skyrocket. Artificial intelligence will remove the need to understand statistics and code because it will automatically find interesting trends and outliers for users.
Business intelligence and artificial intelligence will democratize data so it will be available to everyone, not just data scientists.
Cool Stuff We Learned about Power BI at Microsoft Ignite
Power BI now has the ability to turn on forecasting, see trends, and automatically see clusters with one click. Go to analysis tab and click add forecast and it automatically and immediately adds a forecast. No statistics or coding is required.
Now Power BI has the ability to show drive times and demographic data by merging existing information with Geospatial data by Esri.
Companies can also publish and share Power BI reports from local servers, instead of using it through the web. That’s good for organizations that don’t want or can’t put certain data in the cloud, but they can still get the Power BI functionality.
Quit the Spreadsheet
Are you managing your entire company from a spreadsheet? How are you going to grow with those document management tools? Does your SharePoint work the way you want it to?
If you properly implement SharePoint, it will transform your company’s productivity. Employees will be more efficient, you’ll have better access to your company’s data, and you’ll be able to better report on key metrics. HingePoint’s custom SharePoint solutions have helped many companies struggling with unorganized data and manual, multi-step processes. Those same customers have transitioned into a more organized, productive organization through automated workflows and easy-to-search information.
HingePoint covers the AEC Industry and is the author of The AEC Industry 4.0 Report and the Autodesk Industry Report 2017. HingePoint helps construction and real estate development companies take control of their company’s information. We combine systems, software, and data so all company information can be seen and accessed from one screen, like a smartphone or computer.
HingePoint provides Procore, SharePoint and Saleforce consulting for Commercial Real Estate and Construction companies. HingePoint also helps the AEC industry with development & integration of AutoDesk and Procore products with enterprise systems. We are a trusted partner with over 25 years experience of systems development and integration work in the AEC industry. Our clients range from top hotel brands and restaurant chains to AEC firms and real estate developers and Facilities Management. We provide BIM with ROI. Results Guaranteed…Literally Guaranteed.
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