Friday, 26 July 2019

Intelligent Reporting - How Big Data and AI Are Changing the Way We Create and Analyze Reports

Artificial intelligence is becoming the number one platform for decision-making processes. According to a report published by Deloitte, the main connection between making a decision on all business levels, and utilizing AI, lies in a partnership – humans having the final say on defining questions, issues, and answers while AI analyzing large volumes of data to provide a constructive basis.

There are a number of cases that prove how AI and humans work together: a startup in Denmark has developed an AI platform that helps in identifying signs of a heart attack during phone calls to emergency services. The finance industry can use AI to anticipate changes in the stock market and manage investments. Logistics use AI to guide robots on the assembly, packaging and shipping lines. Management uses AI to process data and handle administrative tasks, according to the University of Ohio.

These are just a number of cases where AI has shaped and redefined many of the industries and enabled smart analysis, accurate reporting, and reduced the time to make an effective (business) decision. Today, big data is creating challenges in reporting processes that businesses across the world are trying to tackle and find cost-effective, yet powerful solutions to generate ...


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