Technology has left no industry or business without being considered or undergone Gap Analysis by their own team or from consultancies. Companies running on manual process still, are the one who are spending a lot on their operations whereas at other ends, companies utilizing technology as a solution are continuously growing with their revenue and operations with least efforts.
Need of BI and AI in current process;
Gone are those days, when regular meeting, analytics, and derivations, strategy formulations, meetings where used to take place followed up with investment of time in face to face meetings and report writing. Now technology and algorithms are robust enough that may take decisions by recalling and scanning through the old data, capability for delivering reports in real time environment is being given utmost importance now.
BI systems have the capability to influence decisions that would have strategic impact on enterprise.
Take away notes;
– BI can help organizations making sense out of their huge collected data
– AI can help giving insights to the strategy and business plans by learning from past
– AI can help making super decisions before the process ends, so in between decisions and insights of the process would really help organizations to save efforts, costs and time before committing for a big failure.
It is highly suggested for industries and organizations to undergo gap analysis, there is always a better way to optimize the operations for achieving revenues and quality with technology.