Wednesday, May 25, 2022
Techiexpert.com
No Result
View All Result
  • Login
  • Register
Exclusive Videos
  • Tech news
  • Startup news
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
  • Social Media
  • Tech news
  • Startup news
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
  • Social Media
No Result
View All Result
TechiExpert
No Result
View All Result

What does a successful AI and analytics program look like?

Srikanth by Srikanth
November 15, 2020
in Data Analytics
Reading Time: 3 mins read
What does a successful AI and Analytics Program look like?
10
SHARES
137
VIEWS
Share on FacebookShare on Twitter

In today’s digital age almost every company would be eager to take the advantage of data and key question here is ‘analytics’ and successful implementation of AI. Anyone who works in the analytics business knows that progression to artificial intelligence from analytics is a natural one.

Data analytics normally follow a sequence, from descriptive to prescriptive.  Businesses apply BI technique to do descriptive analytics this helps to conjure all their data together to get a swift examination of the overall organizational function. There are several diagnostic analysis available, these include data mining, data discovery, drill down and correlations. On the other hand, predictive analysis is more valuable because data is used to train for machine learning.

Analytics foundation needs to be built to use AI effectively

There is a tendency among the organizations to skip the traditional analytics and move directly into AI. According to Professor Tom Davenport, an expert in analytics mentioned that those businesses who do not use analytics showing interest in AI. Some of them even want analytics to make decisions.

This is however important to understand that without the insight brought by analytics it will not be possible to assess the actual outcome of any artificial intelligence system. Analytics helps keep AI clear, responsible and at times help to increase the efficiency of AI systems.

There is a need to capture the appropriate data to enable AI technology to be reliable. Artificial intelligence may have the ability to purify the quality of data but it cannot cover the gaps in the data.

Data privacy system needs to be improved as well because AI systems can unintentionally abuse client’s private data in a way that may endanger their privacy and ruin businesses goodwill. The upstream and downstream framework of an analytics can also be affected by AI.

The business organization needs to build a culture driven by data where workers can use information from analytics tools. Effective use of analytics and AI will generate transparency in the organization and everyone should be able to take advantage of it.

Benefits of AI analytics

At times the business organization has to bear the burden of unnecessary operational cost due to unproductive information control. Here AI analytics can assist to calculate potential cost savings and obtain a report to maintain congruence with the main ROI metrics for better decision making.

Data analytics could be used for cleaning, modeling and transforming data set with an aim to extract powerful information.

How big companies are benefited from efficient use of AI and analytics

The American Express company employs big data to understand and forecast clients’ behavior. They execute around 100 variables and chronological proceedings to switch from intelligence-based recollection analysis.

National accounting and audit firm BDO also apply data analytics to diagnose risk. At earlier times it would take hours of labor and huge resource just to find out any disparity. There is no doubt that big data has accelerated the entire process.

Capital One applies AI to furnish the success of their client’s recommendations. They use data analytics efficiently to identify best times to convey various offers to the potential clients to increase the conversion rates.

 

Share4Tweet3Share1Pin1

Related Posts

Review on google data analytics certificate program
Data Analytics

Review on Google Data Analytics Professional Certificate

How to Successfully do a Data Quality Assessment?
Data Analytics

How to Successfully do a Data Quality Assessment

How can Analytics impact everyday life
Data Analytics

How can Analytics impact everyday life?

How Analytics infusion helps in data-driven operations
Data Analytics

How Analytics infusion helps in data driven operations

Data Privacy
Data Analytics

How to initiate data privacy reforms for the safety of an individual?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Most Read

  • What is windows modules installer ? How to Enable/Disable

    What is windows modules installer ? How to Enable/Disable

    1000 shares
    Share 400 Tweet 250
  • Link Building for SEO: A Brief Beginners’ Guide

    22 shares
    Share 8 Tweet 5
  • How to make a chatbot using HTML

    155 shares
    Share 61 Tweet 38
  • Visionary Entrepreneur and Investor Leonid Radvinsky Champions Open Source Tech

    190 shares
    Share 76 Tweet 47
  • How to Track Someone’s iPhone by Phone Number?

    67 shares
    Share 27 Tweet 17
  • Are You Disturbed with a Mouse pointer? 5 Tips to hide mouse pointer in chrome

    99 shares
    Share 39 Tweet 25

Recent Stories

How is cloud computing impacting the financial sector?

How is cloud computing impacting the financial sector? 1
Share4Tweet3Share1Pin1

Interview : Video Analytics using Artificial intelligence – Enalytix

Interview : Video Analytics using Artificial intelligence – Enalytix
Share4Tweet3Share1Pin1

Twitter Elon Musk’s low price quote expectations

Twitter Elon Musk’s low price quote expectations
Share4Tweet2Share1Pin1

How do you keep your privacy while Gaming online?

How Online Gaming Tech is Bringing People Together

Live streaming has provided a popular way for people to interact with fellow gaming enthusiasts from around the world.

Share4Tweet3Share1Pin1
  • Terms of use
  • Privacy Policy
  • About Us
  • Contact us
  • Write For Us
  • Cookie Policy

© 2022 All Rights Reserved

No Result
View All Result
  • Tech news
  • Startup news
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
  • Social Media

© 2022 All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Cookie Law Notice
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT