Emerging Technologies in Business Intelligence & Artificial Intelligence

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.

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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.

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Growing technology with unaddressed questions and scenarios

Technology is growing and changing at such a fast pace, that today’s development and concepts get old by tomorrow!. Code’s or machine’s ability to learn and response without being programmed has become utmost popular and is leading most of the daily process, where least human involvement is required now.

Focusing on the trend of data being generated from ample of processes on day to day basis in organization has lead Machine learning to emphasize more on the development part where programs can be developed to deal with new strains of data from the various processes.

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The pace at which the data is being generated from a small process or a bigger process is in equal demand for auto capture of the data from one end and should be analyzed by the system at front end with all possible scales and speculations for quicker decisions by the management.  Following this now the trend of the development of algorithms has made shift from writing “supervised algorithms” to unsupervised algorithm, where the supervised part of the algorithm gives better insights into the new data from past data and unsupervised part concludes from the old datasets.

Process Software should be backed by the statistical analysis and predictive analytics to make artificial intelligence and to automate the decisions making ability in process(es).

Though even if organizations and regulatory bodies make standard guidelines for electronic technologies where the ample of codes are being run to capture, store, clean, analyze, and present the result in fractions to the user, will again keep on changing and evolving with growing technology. This process would leave behind the QUESTIONS and SCENARIOS unaddressed!. Manual and Automated testing of the application would not be sufficient to make application stand with data set variation.

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Artificial Intelligence – challenging human minds with rational agents!

It has become challenging for humans to beat computer systems and logics formulated behind them. Developed by humans for the excellence of processes in day to day life and for the care of population.

There are four ways of approaching Artificial Intelligence:

  1. Thinking humanly – cognitive science
  2. Thinking rationally – logic
  3. Acting humanly – turing tesing
  4. Acting rationally – rational agent

Thinking or acting deals with thinking processes or behavior, while humanly or rationally means humanly or to do the right things.

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The AI approach has been taken to such a level where robots and software are communicating with human in their language. In fact the AI’s approach is to act rationally and to build rational agents, and these agents are nothing but the robots and software.

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Gestation of Artificial Intelligence (AI) was from 1943-1955, where the AI developed in a cogitative process. First work on AI was started by Warren McCulloch and Walter Pitts in 1943, where the duo developed and worked on artificial neuron model where the neurons where either on or off to function.

“How AI has become an Industry” and entire processes has been given a cobwebbed connection to increase the production and output by many folds. None of the major processes in industries are free from software applications and machines that are guided by codes.

Challenges to be handled in future:

Though this ever growing technology is helping each and every one of us and at the same time it is keeping humans away from the nature and that’s where the natural processes are evolving and leading to a world of so many unexpected disorders, health issues.

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