Business intelligence consulting is the process of understanding your company’s AI and how it will transform your business. Artificial intelligence is an emerging field in which theoreticians, researchers, and programmers are working to create intelligent machines. The idea of artificial intelligence has been around for years, but only recently have computers become powerful enough to run the experiments and calculations necessary to make AI a reality.
However, even a basic definition of artificial intelligence can be challenging to pin down. The broadest definition would be any machine capable of doing something that, if done by a human being, would be considered “smart.”
Artificial intelligence is a concept as old as the term itself. The idea of a machine that could think and even learn to do so on its own has been with us since ancient times. But imagine how far we’ve come! Today, we’re able to create machines that can not only work alongside humans but also automate processes, streamline production, and boost efficiency. In fact, the entire manufacturing process wouldn’t be possible without artificial intelligence.
Use of Business Intelligence for Business Growth
If you haven’t heard, artificial intelligence will transform business in 2022. It’s already happening. But how? We’re here to tell you that it’s not through some high-tech robots or automated management systems!
The secret is in the numbers. Business Intelligence is all about figuring out what your numbers mean and how they can help you grow your business—and artificial intelligence is just a way of describing how sophisticated technology has become at crunching those numbers for you and helping you understand them better!
Our team at EES can help you get the most out of your business intelligence strategy. Whether you’re new to business intelligence or an old pro, we have the tools and expertise to take your data analysis and interpretation to the next level with advanced AI technologies.
Artificial intelligence (AI) is the kind of machine learning that enables computers to perform human-like tasks. It’s being used across nearly every industry to automate processes, mine and analyse data, and improve decision-making. In addition to improving existing functions, AI can be used to create new products and services.
Business leaders are exploring AI technologies because they can produce substantial savings in time and money by automating repetitive administrative tasks. And in a world where 1.7 megabytes of data are created every second, they need all the help they can get mining information for insights that drive profitable decisions.
While it’s important to note that AI can’t replace your business intelligence consulting and shouldn’t be used without human oversight, it certainly gives you an edge by providing a more thorough analysis of your organisation’s operations and performance.
Ways in which AI will Transform Business
Reduce Costs
Artificial intelligence does a fantastic job of cutting down on labour costs by automating processes that would otherwise require human attention. A great example of this is chatbots. They’re the brains behind customer service software these days.
Time Saver
They’re a huge time-saver for your company because they allow your customers to ask questions and be given answers without requiring anyone from your team to field those questions.
AI is Divided into Distinct Categories
Reactive Machines
These machines do not use previous experience or data to inform their actions but instead, make decisions based on what information is most immediately available. The IBM Deep Blue computer program that famously beat chess grandmaster Garry Kasparov is an example of a reactive machine.
Limited Memory
This category considers past experiences and data, but only for a limited period. Most self-driving cars are examples of machines with little memory, as they take in data from sensors and cameras as they travel along their route but don’t retain data from past trips to inform future ones.
Theory of Mind
These machines can reason about others’ emotions and mental states and use this knowledge to create meaningful social interactions with humans or other machines. Problem-solving robots like Cog or Kismet fall into this category, as they can read human facial expressions and body language and react accordingly.
Final Verdict
If you’re looking for a way to get ahead of the curve in business, there’s no better option than AI. We’ll help you take your organisation to the next level by leveraging the power of this emerging technology. The main application of AI will be in decision-making tasks, especially when there’s too much data for humans to process effectively. Artificial intelligence is a broad term that describes a wide range of capabilities and technologies. Some aspects of what we call AI have been around for decades, while others are still in the development stages.
