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How Is AI Lowering The Barrier To Entry For BI And Analytics?

Posted by Harriet Schneider on Feb 19, 2019 8:00:00 AM

According to Gartner, more than 3,000 CIOs ranked Business Intelligence (BI) and Analytics as the top differentiating technology for their organizations. If BI and Analytics is such a game-changer, then why is the average adoption rate in organizations only 32%? Despite the efforts of Cloud BI vendors making it easier for users to acquire, explore, and analyze data sources without IT dependency, lack of data literacy and analytic skills still hinder widespread adoption for data-driven decision making.  But the industry is undergoing a fundamental transformation. The mainstream arrival of Artificial Intelligence (AI) brings with it the potential to finally meet the demand for actionable, enterprise-wide, fact-based decision making.

Business Intelligence

Historically, business users have been presented with dashboards that describe the current state of a KPI, i.e. Net Profitability, Customer Retention, and more. What happens next is a treasure hunt in identifying the drivers of the KPI’s behavior. This takes time and specialized expertise, often involving advanced machine learning algorithms that only skilled data scientists understand.

 

And, as always, contact ICCG to help provide you with insight and information. Schedule a complimentary consultation to review your questions about AI, Digital Transformation, BI Implementations.

Topics: Artificial Intelligence, Business Intelligence, Cloud BI, Data Visualization, Networked BI, Machine Learning

About ICCG

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Embracing thought leadership as a pathway for growth, represents the true spirit of progressive change that will make a difference in technology-driven industries. As a consulting company, ICCG customers look to us as their value-added resource. They expect us to be proactive about solving their immediate challenges and we don’t take that responsibility lightly. It is this that drives us to share our best practices, knowledge-base, years of experience, and tried and true methodologies. These have been the hallmarks of our corporate brand.

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