Category: Business Intelligence Information

Data can be a company’s most valuable asset, providing the basis for predicting everything from future revenue to buying behavior and customer retention. Many companies have well-established business intelligence (BI) teams that review and analyze historical data for performance and management trends. But when companies want to move beyond traditional historical analysis to incorporate predictive analytics and artificial intelligence (AI), they face challenges in finding the talent and tools they need. Data scientists are hard to hire, and they are trained to focus more on research and model accuracy than on achieving specific business results. For businesses to make the […]

AI is strengthening its claws everywhere, leaving lasting notes on the world, from deep learning-enabled software to autonomous cars, smart robotics to IoT apps. In the Gartner Hype Cycle for Emerging Technologies, AI-enabled technologies have distinct ratings, indicating that AI is invincible in the technology world. We live in a time when everything is changing. Industries are undergoing changes. Small businesses are gradually gaining market share and developing a brand. In business, the term monopoly is slowly receding, and anyone with the appropriate strategy and new products can share revenue. Businesses, on the other hand, are attracted to AI business […]

When running a business, it’s important to know what works for you, what doesn’t work for you and what hasn’t worked out for you in the past as well as what you need to do further to improve in the future. A mere knowledge of the facts on the face value is not enough to empower people with the insights they need to make better business decisions. There are some questions that only a dedicated process can answer. This is where Business Intelligence (BI) comes in: it is a smart data analysis process that businesses adopt to boost their performance […]

Artificial Intelligence has emerged as one of the most disruptive technologies. From connecting us with the nearest drive and making our homes smarter to helping businesses automate and streamline their processes, Artificial Intelligence has penetrated deep into all aspects of life. In fact, just the other day, I was having a conversation with Gaurav about the Gartner IT Symposium and Xpo in Australia. He was reciting his experience and how a majority of the big shots of the industry are certain that Artificial Intelligence would have a major impact on Business Intelligence in the coming three-four years; substantial impact to […]

The business intelligence applications industry is growing each year with research reports from organisations like Forex Tribune projecting significant growth. There are several reasons for this growth, the proliferation of big data, the expansion of IoT and the need to better understand the collected information are all contributing factors in the growth of BI. However, despite the high value of its contributions, BI can still come with a few improvements. Improvements made thanks to Artificial Intelligence (AI). Hence, I will explain what BI is, how AI improves technology and what it means to organisations. Business Intelligence – What does it […]

AI and machine learning are transforming industries and improving how we use technology at an amazing pace, whether it’s accelerating drug discovery and therapeutics, allowing us to speak to our home appliances, or using facial recognition on our handheld devices. When it comes to business intelligence and data analytics, AI is also driving a new wave of innovation called augmented analytics that makes it easier for individuals of all technical skill levels to analyze volumes of data to accelerate more valuable business insights. Augmented analytics uses machine learning, artificial intelligence, and natural language processing (NLP) techniques – such as natural […]

Business intelligence (BI) is in a constantly evolving state where best practices are highly flexible. Right now, a hot topic is embedded BI and analytics. BI software has become almost a staple in any data-centric company regardless of size. Big or small, startup or well-rooted enterprise, the idea that data is power has finally begun to stick, and having quality tools to make this happen has become a business priority. With this new perspective, the days of simply buying a dashboard reporting software are coming to a close, and they’re being replaced with advanced, integrated reporting and analytics. In other […]

Digital Transformation (DX) is a hot topic right now. It’s the idea that organizations must take strategic, purposeful — even dramatic — actions to reshape how they use technology to bolster business performance. Most organizations, regardless of size, are on a DX mission. Organizations are increasingly doing business online to meet customers where they are. They’ve adopted Internet of Things (IoT) devices, software and applications to improve the quality of their products and meet the growing demands of customers. That is both the driver of DX — and the challenge. All those tools are producing a massive amount of data […]

elf-service business intelligence (BI) is flourishing. As businesses require more flexibility and increased efficiency, relying entirely on IT is no longer a probable solution. In order to manage large amounts of data at a minimal cost, self-service methods are necessary; however, this doesn’t come without risk. As a way to mitigate this risk, companies are increasingly leaning towards well-governed, self-service models that combine the necessary speed and flexibility of self-service models with the required accuracy and security that comes from governance. What is a governed model and what is a self-service model? It is first important to discuss both the […]

In the age of Big Data, you’ll hear a lot of terms tossed around. Three of the most commonly used are “business intelligence,” “data warehousing” and “data analytics.” You may wonder, however, what distinguishes these three concepts from each other so let’s take a look. Business Intelligence (BI) What differentiates business intelligence from the other two on the list is the idea of presentation. Business intelligence is primarily about how you take the insights you’ve developed from the use of analytics to produce action. BI tools include items like: Graphics and charts Written reports Spreadsheets Dashboards Presentations Insights shared at […]