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Artificial Intelligence in Data Analytics

Artificial Intelligence in Data Analytics

<p>Artificial intelligence &lpar;AI&rpar; is a contemporary technology that has a lot of applications in the practical world&period; The technology is still in its development phase&comma; yet many tech companies have developed remarkable ways to put AI into use&period; Artificial Intelligence continues to produce its benefits for mankind&period; Technological devices that are integrated with software and systems with AI programming are common in the lifestyles of many&period; The primary agenda behind every developed AI system is to help its users benefit from automation and emulate the functioning of a human host&period;<&sol;p>&NewLine;<p>Pushing the technology in the dimensions of data analytics appears to be a remarkable idea&comma; and it excites data enthusiasts and professionals because the prospect of contemporary technology like artificial intelligence combined with big data analytics can prove to be significantly beneficial&period; There have been years and years of research and development carried out in data analytics and its assimilation with machine learning&period;<&sol;p>&NewLine;<p>We are moving towards the usage of statistical algorithms and machine learning techniques to drive results convenient for the business sector&period; In a business dimension&comma; data analytics is sought to drive streams of revenue&comma; cater to the top trends in the market&comma; increase operational efficiency&comma; and transform marketing practices in order to benefit from a competitive advantage&period;<&sol;p>&NewLine;<p>One of the companies actively working in this space is Anodot&period; It is a tech company which is engaged in marketing business analysis software that is integrated with machine learning systems to scrutinize anomalies or inconsistencies within large data volumes&period; It certainly helps an organization detect any kind of discrepancies and problems&comma; solves them&comma; and also identifies contributing factors within its dimensions&period;<&sol;p>&NewLine;<p>It is vital to grasp the benefits of the incorporation of machine learning with big data&period; The following account explains the primary benefits of combining the two&colon;<&sol;p>&NewLine;<p><strong>Optimized Data Structuring <&sol;strong><&sol;p>&NewLine;<p>Organizations working in data analytics always face the challenge of structuring large volumes of data&period; Data sources are fragmented and scattered&comma; and in conventional practices&comma; organizations simply manually cleanse and process data before running an analysis&period; Many studies indicate that the structuring of data takes up an extensive amount of time&period; An analyst is consumed by simply cleaning up chunks of data before the analysis&period; Information generated has absolutely no structure&period; Contracts&comma; credentials&comma; survey information&comma; and email texts&comma; etc&period; contain abundant information which can be used in further processes&period;<&sol;p>&NewLine;<p>AI would allow for swifter processing and structuring of data&comma; liberating an analyst from the mind-numbing task of funneling through volumes of data&period; This would not only save time but contribute towards the productivity of a data analytics employee&period;<&sol;p>&NewLine;<p><strong>Analyzing Data<&sol;strong><&sol;p>&NewLine;<p>Companies have goals that are needed to be achieved using data&comma; and Deep Learning is one way to extract patterns from data to help make such decisions&period; The critical aspect of every analysis is defining your objective&period; If a system that is capable of specifically conducting the kind of analysis you are looking for is created&comma; it would help in the transformation of the quality of analysis and keep your goals aligned&period; For this&comma; businesses do not need to employ a professional or outsource it to service providers&comma; but rather employ a system integrated with AI technology&period; Linking your data goals with smart software that specializes in focusing on the objective that you share can deliver meaningful and consistent insights for decision making&period;<&sol;p>&NewLine;<p>Another company specializing in the respective area of artificial intelligence’s applications into data analytics remains OpenText&period; Its product&comma; OpenText Magellan is an AI-powered tool used in business that provides system imporvements based on statistical data&period; It combines structured and unstructured data volumes and analyzes to deduce different patterns&period;<&sol;p>&NewLine;<p>The collaboration of artificial intelligence and data analytics may deliver a unique benefit that is not possible to achieve in the conventional model&period;<&sol;p>&NewLine;

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