Augmented analytics: The future of Business intelligence
In recent times Smart Data Discovery has gained attention for bringing business intelligence such as Artificial intelligence, natural language generation, and machine learning to automate the data to data-driven decision-making processes and making the process accessible to businesses.
The use of Customer Relationship Management allows cross-department communications to be carried forward smoothly by allowing data from one department to illuminate anyone from another department who might interact with the same customer.
Augmented analytics also supports and helps manage store performance reports for retail sectors by pointing out vital information in an easy-to-read summary. From sports to building management to utilities, sensors allow companies to collect data that was antecedently perceived as unattainable. Business intelligence and augmented analytics have become more available than ever before.
Analytics technologies and Business intelligence have unfolded significantly over the last 25 years. A higher number of people are using Business Intelligence and analytics than in the IT-centric days which did not possess the necessary expertise to extract and prepare data.
Automated data insights can be drawn by utilizing augmented analytics such as machine learning and natural language to automize data preparation and sharing. Augmented analytics provide better and accurate business predictions and quantitative analysis of products, service offerings, financials, production and pricing through the perpetual support of business intelligence.