How is Artificial Intelligence Shaping the Future of Business Intelligence?
Artificial intelligence (AI) in businesses is inventing a new means of BI, changing how enterprises manage data. BI was more about looking at the data to make decisions, but with the help of AI, it’s real-time data analysis that allows for better and faster decisions. Many companies are adopting forms of artificial intelligence to enhance their activities. AI can efficiently work with and analyze voluminous data, both structured and unstructured. These systems can even solve problems using machine learning, one of the categories of AI that can acquire knowledge from the data.
According to a 2023 McKinsey survey, AI adoption corresponded with increased revenue growth, with 63% of companies using AI seeing their revenues enhance. According to Accenture, AI has the potential to double economic growth rates by 2035 and increase labor productivity by as much as 40% by radically altering the way that work is done. In this blog, you will learn how AI revolutionizes BI and how today’s companies may change.
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