Business intelligence (BI) refers to the procedural and technical infrastructure that collects, stores and analyzes the data produced by a company’s activities. BI is a broad term that encompasses data mining, process analysis, performance benchmarking and descriptive analytics. However, BI alone is not enough. Enterprise Storage Forum brought this interesting information to our attention in their article, “Gaining a Competitive Edge Using BI and Data Management.“
BI and data management increasingly overlap to improve the data-driven decision-making of an enterprise. Because of the increased volume of data, if companies tried to shift through this data on their own, it would be an unmanageable task. However, artificial intelligence (AI) makes it possible because AI models can work much faster than humans, and they don’t require breaks.
While humans can do most of what AI can in BI, the main benefits of using AI are speed, consistency and accuracy.
At the end of the day, data needs to be findable, and that happens with a strong, standards-based taxonomy. Data Harmony is our patented, award winning, AI suite that leverages explainable AI for efficient, innovative and precise semantic discovery of your new and emerging concepts to help you find the information you need when you need it.
Melody K. Smith
Sponsored by Access Innovations, the intelligence and the technology behind world-class explainable AI solutions.
