No business, large or small, has unlimited funds and resources. In a world where data analytics is more important than ever to the business bottom line and competitive position, the typical business cannot afford to hire dozens of data scientists but it absolutely must have access to detailed, clear data analysis that will drive the bottom line and ensure success.
As business becomes more competitive, as markets get tighter, there is a need to leverage and optimize your resources to the greatest extent possible. Using the knowledge and skill of each individual on your team and allowing these skills to inform business decisions and business analysis is key. As businesses democratize data and look for ways to improve collaboration and ensure that information makes it to everyone who needs it, a new business role has emerged.
As the need for advanced analytics increases in organizations, enterprises large and small struggle to find and sustain the professional resources they need to meet their requirements for data, analysis and strategic direction.
Natural Language Processing (NLP) takes the shackles off business users and provides advanced search analytics that is as easy as using a search engine. When advanced analytics incorporates natural language processing, business users can formulate questions and receive answers in a way that mirrors human language and writing. They do not need code or specific formats. They can just enter a question and receive an answer.
When a business commits to data democratization and to improving data literacy, it must add advanced analytics tools that will support these initiatives. The education of business users is crucial if these projects are to be successful, but no business has the time or the money to schedule intensive training.
A business that does not optimize its resources is doomed to fail. In this rapidly changing business environment and market, every organization must make the best of precious human resources. No one has enough funding to hire additional resources to get the job done and, when there are extra funds, those funds are quickly earmarked for new products, marketing and other crucial activities.
What is Automated Machine Learning? Quite simply, it is the means by which your business can optimize resources, encourage collaboration and rapidly and dependably distribute data across the enterprise and use that data to predict, plan and achieve revenue goals.
A cutting-edge advanced analytics vendor takes an innovative approach to the data and analytics platform by focusing on Technology Leadership, Team Environment and a Customer and Partner Focus. A modern analytics platform should include predictive analytics for business users with cutting-edge business intelligence and data discovery tools.
The impact of natural language processing (NLP) on the productivity and decision quality within an organization cannot be overstated. As simplified search analytics expands into all corners of the enterprise, the business can expect business users to embrace advanced analytics and, in so doing, to become more of an asset to the organization.
Some people hear the term ‘assisted predictive modeling’ and their eyes cross. They immediately presume that we are talking about something complex and certainly NOT for them. Nothing could be further from the truth. This seemingly complex term actually describes a technique that is designed to be suitable for business users with average technical skills and, with these tools, the average user can enter the age of advanced analytics and make educated, confident business decisions about forecasts and predicted results.
