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1 Jul 2022| Digital Marketing Strategies & ORM
Artificial Intelligence
AI Advances in Transforming Business Intelligence
Data is at the forefront of every business these days. To be specific, Artificial intelligence (AI) is evolving into a key driver that shapes routine business processes, while Business intelligence (BI) is being used heavily in decision making.
Companies have started using sophisticated algorithms, thanks to cognitive computing and AI, to gain insights into customer behavior by using real-time insights to identify trends and make informed decisions that give them an edge over their competitors.
Thanks to technological advancement, gadgets, including smartphones, tablets, and the Internet of Things (IoT) are becoming the sources of big data. The data has given way to more actionable insights as opposed to the earlier static reports generated by Business Intelligence systems. In the process, BI has now evolved into more proactive than reactive in three crucial areas.
With businesses in the need to make mature decisions, the BI tools have become capable of delivering because of the excessive progression in analytics. So much so that companies are aiming for a prescriptive level of analytics in business digitization.
Related: All you need to know about Artificial Intelligence – Beginners Guide Part 1
Artificial Intelligence has become an intrinsic part of the technology that modern business landscapes cannot do without. Enterprises of various sizes are leveraging this technology to improve the efficiency of business processes and deliver a smarter, more specialized customer experience (CX). These are the ways AI is changing today’s business environment.
Your business data can be made into simple, precise, real-time narratives and reports with AI-powered Business intelligence systems. It is essential because:
No one can deny that AI-powered software has brought in a tremendous change in the business world. ONPASSIVE, the smart business solution features a host of AI-powered tools that could fast-track and boost many individuals and businesses. The future will only be more bright for sure with AI in the mix, and we suggest companies embrace AI-based BI tools to be competitive in the tech-powered business landscape.
Related: Kick Start Your Business with the Help of Artificial Intelligence
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Tags: Technology Artificial Intelligence