How AI is transforming Business Intelligence?

Question

Could someone tell me how AI is transforming the Business Intelligence domain?

Answer 1

AI or Artificial Intelligence is quickening the process of automation across industries around the globe. Business Intelligence is no different. They also are getting immense help from AI to enhance their processes to extract maximum efficiency and better precision in undertaking tasks. AI is transforming the BI in several ways like:

• This technology is helping in getting you real-time insights based on large data sources.
• AI is solving the shortage of employees with analytical skills. As stated in a McKinsey report, there are millions of these jobs lying vacant across the world.
• The rate at which Big Data is being produced is mind-blowing, and BI teams need the help of some technology to help them facilitate such a huge quantity of data. And their boon is AI. AI helps them to churn out these very large quantities of data in no-time to give you real-time updates.
• AI is boosting the prescriptive analytics model, to give you faster, more accurate, and more agile insights, to help you support the decision-making process.

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