For an organization to be successful in this new digital reality, it must be data-driven, but without processing and proper display, data is just data. Business intelligence involves using artificial intelligence (AI) and machine learning tools to extract intelligent insights from massive datasets, which can then be used to improve services and investments. Heavy.AI defines business intelligence well here.
The application of business intelligence tools and techniques can help decision makers develop a better understanding of collected information with the goal of developing better business processes.
Business intelligence supports understanding not only of the market, but of the business ‘self.’ By answering key questions of a given data asset, business intelligence gives decision makers an exact perspective of that asset’s place in the organization. Insights into how an asset’s been used in the past inform how it might be intelligently applied in the future.
Data needs to be findable, and that happens with a strong, standards-based taxonomy. Access Innovations is one of a very small number of companies able to help its clients generate ANSI/ISO/W3C-compliant taxonomies and associated rule bases for machine-assisted indexing.
Melody K. Smith
Sponsored by Access Innovations, changing search to found.