Leaders Should Understand the Significance and Application of Decision Intelligence

By 2023, 33% of significant organizations will be using Decision Intelligence, which Gartner has identified as one of the Top Strategic Technology Trends for 2022. All sizes of enterprises can now make data-driven decisions thanks to this technology, which also gives every company user access to cutting-edge AI-powered insights (even those without technical expertise). Decision Intelligence should be understood by business and analytics leaders, along with its significance and potential applications.

By converting business questions into natural language, using the right algorithms (statistical, classification, and regression) in the most efficient way (in-memory or pushing down queries to where the data is stored), and providing users with results in a format that is understandable and helpful for taking action, best-in-class decision intelligence platforms significantly reduce the complexity of decision-making (using natural language generated narratives and embedding).

Data exploration and ad hoc analysis are crucial for decision-making. Natural Language Query (NLQ) democratizes exploration and analysis by enabling any user, regardless of data capabilities, to freely explore and analyze terabytes of unaggregated company data in plain English in a way that is as simple and intuitive as a Google search. NLQ provides an immediate explanation of what is happening in conjunction with automatic results presentation.

Automated Insights speeds complex data analysis with AI-Driven Automation to reveal the why behind the what and provide direction on how to enhance outcomes (such as which segments/relationships to leverage). To do this, it is necessary to automate root cause analysis, examine important drivers, compare cohorts, and locate significant data segments that go beyond first-order facts and factors.

Location: United States

Comments

Post a Comment

Popular posts from this blog

Cloud Analytics: Transforming Business Intelligence with the Power of the Cloud

Image
The advent of cloud computing has revolutionized the way businesses operate, and cloud analytics is one of the many areas that have benefited from this transformation. Cloud analytics refers to the use of cloud-based tools and platforms to perform data analysis, business intelligence, and reporting. Cloud analytics has numerous advantages over traditional on-premises analytics. One of the most significant advantages is scalability. With Cloud Analytics , businesses can easily scale their computing resources up or down to meet their changing needs. This means that businesses no longer have to invest in expensive hardware or software to handle sudden spikes in demand for data processing. Another advantage of cloud analytics is cost-effectiveness. Cloud-based analytics solutions are usually subscription-based, which means that businesses only pay for the computing resources they use. This is in contrast to traditional on-premises analytics, where businesses have to invest in expensive
Read more

Revolutionizing Consumer Goods: Unpacking the Power of CPG Analytics

Image
In the fast-paced and highly competitive world of Consumer Packaged Goods (CPG), companies are constantly seeking ways to gain a competitive edge. One such game-changing tool that has emerged in recent years is CPG Analytics. In this blog, we'll delve into what CPG Analytics is and how it is reshaping the CPG industry. Understanding CPG Analytics CPG Analytics, short for Consumer Packaged Goods Analytics, refers to the process of collecting, analyzing, and deriving actionable insights from data related to consumer goods. This data can include sales figures, customer demographics, supply chain information, market trends, and more. CPG Analytics leverages data-driven approaches to help CPG companies optimize their operations, enhance customer experiences, and make informed business decisions. The Impact of CPG Analytics   Improved Decision-Making: CPG Analytics provides companies with the tools to make data-driven decisions. By analyzing historical sales data, market trends,
Read more

Empowering Data-Driven Decisions with Tellius: Your Ultimate Analytics Platform

Image
In today's data-driven world, businesses of all sizes are constantly seeking ways to gain valuable insights from the massive amount of data they generate and collect. An analytics platform has become an indispensable tool in achieving this goal, providing organizations with the ability to transform data into actionable insights. Tellius is one such analytics platform that stands out in the crowd, offering a comprehensive solution to meet the analytics needs of modern enterprises. Understanding the Need for an Analytics Platform Before delving into the features and capabilities of Tellius, let's explore why having an analytics platform is crucial for businesses in today's landscape. The exponential growth of data has made it nearly impossible to make informed decisions without the support of advanced analytics tools. Traditional methods of data analysis, such as spreadsheets and basic charts, are no longer sufficient to handle the complex, multidimensional data that business
Read more