It empowers business users to analyze and map actions accurately to a granular level like a Pin code. Location intelligence delivers in-depth analysis of GIS-based data. As an aftermath of Covid, businesses are dependent on location-based insights to customize their product offerings across different geographies. Streamlining location analytics in the era of remote workingĪnother area where AI-ML will have a critical role to play is location analytics. They can automate data workflows covering data extraction, transformation, and data loading. By switching to an AI-ML-driven approach for analytics, businesses can process humongous amounts of data for analytics with velocity and accuracy.
For instance, without a proper system, a big chunk of data in larger organizations is left unstructured and eventually becomes unmanageable. It also helps businesses in prioritizing the data to be analyzed. They can expect precise insights and forecasts in much lesser time and costs. For businesses, this means faster turnarounds on their BI initiatives. They further automate reporting and delivery of insights to users on multiple platforms. From identifying the right processing data to spotting data anomalies AI and ML help to create highly accurate data models and shorten the BI and analytics cycle for enterprises. Let us look at how these technologies transform business intelligence initiatives for modern-day enterprises and what 2021 has in store.Īdding velocity and accuracy to BI initiativesĪI and ML make the whole analytics process faster and more qualitative. As these businesses continue to transform their way of working to become data-driven, they demand newer, more innovating ways of leveraging machine learning (ML) and artificial intelligence (AI) for their BI and analytics initiatives.
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From streamlining work from home to ensuring seamless customer experience offline and online, business adapted BI and analytics across multiple operations like never before.
While 2020 was a year of unprecedented challenges, it also opened up new avenues for leveraging technology in many ways.