AI-powered Business Intelligence. A hype or reality?
We live in a captivating time when Artificial Intelligence (AI) is transforming the best way we do things. This includes data pipeline design and analytics. Today I’d wish to discuss how AI powers automated big data evaluation and reporting. I’m sure you’re accustomed to Business Intelligence (BI) if you happen to are reading this post. Throughout my almost 15-year profession in analytics, there was a persistent discussion in regards to the impact of artificial intelligence on BI. It’s quite difficult to say what’s greater: AI’s BI merge and its great potential, or all the thrill around it. This narrative reflects my personal views and beliefs regarding the evolving role of AI in analytics and Business Intelligence.
Corporations aim to make higher decisions based on the massive data volumes they collect every minute. BI as a discipline goals to analyse that data to generate insights that might need a certain monetary value. This in return grants a competitive advantage. Nonetheless, BI effects on this are somewhat limited. That’s where AI comes into play bringing all the advantages of AI-powered enhanced process automation. So how does it work exactly?
AI-powered Business Intelligence. A hype or reality?
Is it just one other ephemeral spark or is it going to alter the best way we do analytics?
AI/BI merge and its advantages
Little doubt, BI is a crucial piece of any data platform design nevertheless it has intrinsic flaws that restrict the worth it might provide to a business.
The evaluation is an intrinsic BI task and BI’s primary focus was on data visualization for a few years. The issue with it’s that BI itself can’t predict data results and might’t create suggestions.
Predictive AI features
Take, for instance, Sisense capabilities to predict trends [1]. It’s a really basic linear regression exercise incorporated into a strong BI tool. It’s a managed feature so analysts don’t have to worry in regards to the regression model itself. BI tools does all of it and its AI engine has the next models under the hood: