Business Intelligence has evolved significantly over the past two decades. Yet the breakthroughs of the2000s (BI 1.0) and 2010s (BI 2.0) are simply not up to the challenges of the 2020s. Data Warehouses, Reporting Tools, and Data Visualization Tools were supposed to improve decision making, but those solutions have not kept pace with today’s business realities, which require higher performance and greater ease of use.
Businesses remain challenged by having too many disparate data siloes and the necessity for technology professionals and analysts to be involved. Most Business Intelligence platforms are too complex for most front-line users and they require a lot of training. Decision makers, often time-starved and with limited technical expertise, are forced to make most business decisions without the aid of BI tools. Instead they often rely on rules of thumb and gut instinct.
With the recent emergence of Artificial Intelligence powered analytics solutions (BI 3.0), the limitations that have challenged BI platforms over the past two decades are finally giving way to a better, more data-driven future.
This white paper written by Prem Kiran, Founder and CEO at Hypersonix, will provide a non-technical, business perspective on how next generation, AI-powered Business Intelligence is fundamentally changing decision making forever.
Hypersonix is leveraging AI Automation to help retail businesses with real-time insights & recommendations on what happened, why it happened and what they can do about it.