Flashy vs Usable: Discerning Trends in Analytics that are Business Ready
Today’s
business owners need artificial
intelligence (AI), embedded analytics, and natural language processing
to analyze trends and be prepared for the future. Call Sumo provides all three.
AI has surpassed big data
AI, which
consists of deep learning and machine learning, is now more relevant than big
data. However, we don’t recommend that businesses seek to replace manual
analytical tasks performed by humans with AI. A more suitable acronym for AI is
assistive intelligence. In this scenario, the skills of a human
analyst are complemented by machine learning algorithms and advanced
analytics capabilities embedded into a program. These smart capabilities help
organizations prepare and integrate data as well as detect correlations and
patterns.
Business
professionals often confuse Natural Language Generation (NLG) and Natural
Language Processing (NLP). It’s true that both provide natural interactions
within an analytics platform. However, NLG is more useful in finding insights
while NLP asks the questions.
Most people
recognize NLP in programs such as Siri and Alexa. Vendors are currently adding
similar functionality to their products to take advantage of the popularity of
this trend. They also hope to reach business users who typically find this
platform less intimidating. While not yet mainstream, NLP grows more popular by
the year.
It has only
been in recent years that people have incorporated NLG into their analytical
tools. It produces such things as text-based summaries of events automatically.
The goal is to make NLG technology more available to mainstream consumers.
Analytics vendors have recently formed partnerships with NLG vendors to benefit
from their expertise and add a new dimension to the visualization of data.
While this partnership is still new, it is quickly gaining awareness among
business leaders.
Actionable insights made possible
with embedded analytics
Analytics
become truly valuable when they can assist business professionals in making
decisions for a better outcome. Embedding analytics into systems and
applications that decision-makers already use makes it possible for them to act
right away.
Business
users who previously couldn’t be reached through traditional means are able to
quickly decipher the analytics available on Call Sumo’s platform. Your
organization can even offer similar capabilities to its partners, suppliers,
and customers to increase monetization opportunities and competitiveness.
A new era in
business leadership is here. It involves using data analysis as the primary
foundation for every business decision. The earlier your organization adopts
analytics, the more of an edge you have on your competition. Those with
technical abilities who are willing to embrace change should find themselves
ahead of the game. Call Sumo would love to help you reach that point.
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