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The CEO Views > Blog > Technology > Artificial Intelligence > Redefining Data Analytics by Artificial Intelligence
Artificial Intelligence

Redefining Data Analytics by Artificial Intelligence

The CEO Views
Last updated: 2024/03/07 at 2:48 AM
The CEO Views
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turned on macbook pro 693859 scaled e1592418402952

Intelligent analytics offers a classic approach to discovering the hidden intelligence behind real-time and historical data. A multitude of analytical techniques and algorithms will parse mind-boggling quantities of real-time generated data to uncover the hidden gems sometimes overlooked or undetected by conventional statistical methods.The approach for combining data analysis by artificial intelligence goes even further.

It erects the foundation of algorithmic methods, eliminating any bias that an individual analyst can introduce. The sheer quantity of data, however, adds to the integrity and accuracy of the findings, rather than giving the analyst an unnecessary air of confusion.

Unravel the Wealth of Information

An artificial intelligence (AI) and analytics platform encapsulate the means of deriving untapped value from the abundance of knowledge that data are continually producing. While advanced analytics helps businesses discover insights into existing business processes and even draw predictions from historical data silos, AI acts as a force multiplier on this data crunching by committing machine learning capabilities to these data models.

Machine learning applications were leveraged into big data platform through the latest artificial intelligence algorithms and analytical tools. In this way, they turn data into smart pieces of information, self-service data analytics dashboards, automation-ready technologies to optimize sales and operating efficiency.

How is Analytics Using AI?

Let’s know how re-defining of data analysis by artificial intelligence is done.AI can also turn data into an intelligent piece of information.

  • Data Analytics Uncovers New Perspectives: AI excels in discovering hidden trends and observations from vast datasets that are often invisible by human eyes; this is achieved at an unparalleled pace and size. For example, which operations cycle had the fastest turn-around in a specific quarter; AI-powered tools exist to answer questions about your business operations.
  • Deploy Analytics to Predict Results of the Data: AI-powered algorithms analyze data from multiple sources that offer predictions of the next strategic move for an enterprise. It can also dive deeply into data to share information about your customers and let you know about their interests, and which marketing platforms will be the best to target them.
  • Unification of the Data across Platforms: Artificial Intelligence unifies data collected from various sources and platforms, driving data-driven innovation across fields of data science, business analytics, and computer engineering.

The CEO Views June 17, 2020
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