Block title

-

AI in the BI process is evolving

- Advertisment -

Since 2018, Gartner said that augmented analytics was set to change data analysis and business intelligence processes. Kevin Halkerd, senior IT risk and security analyst, e4, says that while he feels that the change had already begun, augmentation will bring about the change that is required to affect positive change and outcomes of data analysis.

“We need to use augmentation rather than automation to not only lighten the load of the analyst, but to also enhance cognitive abilities and reduce the cognitive bias of the data analytics. This will ultimately help to address the extreme volumes of information we currently have available as big data continues to grow unwaveringly,” says Halkerd.

According to definitions, augmented analytics automates by finding and surfacing the most important insights or changes in the business to optimise decision making. It does this in a fraction of the time compared to manual approaches and makes these insights available to all business roles.

Augmentation by means of Machine Learning (ML) and Artificial Intelligence (AI) processes is vital in any data operation as techniques to automate data preparation, insight discovery and sharing: “Consider a security operations centre that processes billions of logs from hundreds of devices monthly or the large FMCG manufacturers running 24/7 manufacturing, to the distribution operations and SME eCommerce vendor – all that are too busy to expand their insight. These tools, together with augmentation analytics, will provide viable business outcomes and assist with knowledgeable decision making.”

It is growing more evident that augmented analytics is distinctively different to the tools used today. Halkerd says that augmented analytics integrates AI elements into the analytics and BI process to help users prepare their data, discover new insights, and easily share them with everyone in the organisation: “This will feel different because the user experience across the BI process will be vastly different due to the subtlety of augmented analytics’ and the integration of AI and natural language processing (NLP) elements.”

The process will become more streamlined and powerful thanks also to NLP, which in a post Covid-19 world will become more popular: “There are effective benefits to NLP. In a post Coronavirus world, simpler NLP solutions like OCR (optical character recognition), which is the core technology for automatic text recognition, will see a growth in popularity. Banks will start move towards true digitisation but will see further enhancement to allow measures like counter-fraud analytics to be applied.”

Augmented analytics will continue to develop and build on several AI and BI trends to a point where analytics and BI will become an immersive, always-on environment.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest articles

Space Weather Forecasting is in its Infancy

Science writer Mark Zastrow recently wrote: “As humanity becomes ever more dependent on technology, nations are investing more resources into space weather forecasting to...

South African stakeholders commit to responsible AI

Much like a microcosm of our socio-economic context, the Artificial Intelligence (AI) landscape in South Africa is uneven and burdened with regulatory challenges. If...

Bluetooth 5.2 SoC for small two-layer PCB designs

Nordic has introduced the nRF52805 System-on-Chip (SoC) which is the seventh addition to the nRF52 Series. It augments the already extensive collection of wireless...

Solid Data Management – Fundamental to Achieving PoPI Compliance

By Johan Scheepers, Country Head at Commvault South Africa Sections of the long-anticipated Protection of Personal Information (PoPI) Act 4 of 2013 came into effect...

Building a geosmart business

By Marinus van der Merwe, CEO, Fernridge  Geospatial technology can be used to create a multi-dimensional snapshot of the entire business, helping to support key...

New partnership makes endpoint defense more accessible

Networks Unlimited launches new MSSP partnership with SentinelOne to make endpoint defense suite offering more accessible Networks Unlimited Africa and its vendor partner SentinelOne have...
- Advertisement -

WiFi for COVID-19 patients at Baragwanath

Putting patients in touch with loved ones Reflex Solutions in collaboration with Mustek, Dark Fibre Africa (DFA) and ESET installed free secure WiFi at Chris...

RS PRO queue system for crowded environments

SMART-Q beacon tower features luminous and acoustic signalling to manage the flow of customers and staff in environments where queues can typically gather  RS has introduced...

SilverBridge, DocFusion partnership drives digitalisation in financial services

Microsoft Managed Partners SilverBridge and DocFusion have entered into a strategic alliance that sees the DocFusion document generation solution integrated into the SilverBridge digital...

SensePost teams up with Orange Cyberdefense

From 1 August 2020, SensePost has changed the name of its ethical hacking team and related services to Orange Cyberdefense. CEO Dominic White says...

The Solar Minimum Superstorm of 1903

Don’t let solar minimum fool you. The Sun can throw a major tantrum even during the quiet phase of the 11 year solar cycle....