FAQs about the platform
What is Business Intelligence (BI)?
Business Intelligence (BI) refers to the technologies, tools, and practices used to analyze and present business data. Traditional BI primarily focuses on descriptive analytics, providing reports, dashboards, and insights based on historical data to help businesses understand past performance.
What is the difference between traditional BI and AI-powered BI?
Traditional BI uses static tools to analyze historical data and generate reports, often requiring human input for decision-making. AI-powered BI, on the other hand, incorporates Artificial Intelligence and Machine Learning to automatically analyze large datasets in real-time, make predictions, and offer actionable insights, enhancing decision-making with minimal human intervention.
How does AI enhance Business Intelligence?
AI enhances BI by enabling:
- Real-time Data Analysis: AI systems can process large volumes of data instantly, allowing businesses to act quickly.
- Predictive Analytics: AI uses past data to predict future trends, such as customer behavior or market conditions.
- Automation: AI automates routine tasks like data cleansing, reporting, and anomaly detection, freeing up human analysts for strategic tasks.
- Natural Language Processing (NLP): AI-powered BI tools can answer complex queries in natural language, making insights more accessible to non-technical users.
