With the long-promised use of Artificial Intelligence taking BI to the next level, Inside Data asked Andy Patrick from BI Consultancy and QlikView partner Ometis to deconstruct the buzzword and fill us in.
AI: Artificial Intelligence
automatic ways of reasoning and reaching to a conclusion by computers
BI: Business Intelligence
a skill of converting raw data to useful information for the business
NLG: Natural Language Generation
BI collects and organises data, and AI puts it to work predicting long term outcomes.
We live in the age of automation. From direct debits on our monthly bills to heating that comes on when it drops to a certain temperature (and even writing articles) we’re increasingly entrusting repetitive, regular jobs to smart systems that let us get on with the things we’re good at.
And now, the introduction of Artificial Intelligence into business processes is upon us. This will ultimately make businesses more streamlined, efficient and profitable. If you’re not at least evaluating what AI can do for your business right now, then you’re falling behind the competition.
Before we go any further, let’s de-mystify the tech speak. ‘AI’ is Artificial Intelligence and ‘NLG’ stands for Natural Language Generation. In short, it’s technology that will evaluate your data and return a written report back to you.
Now take a second to think about how long you took to prepare for your last meeting; where you had to explain, what was going on and present your findings from the data available to you. Wouldn’t it be great if you could automate that part of your business life too?
This is where Narratives for Qlik comes in. If you have already invested in Qlik Sense Enterprise, or are thinking about what data analytics systems will serve you right in the short, medium and long term, then you should certainly be looking at Narratives for Qlik. It can save you time, provide enhanced insights and present you and your end users with a written report in a language that is easy to understand.
NLG is just one of the use cases for Artificial Intelligence being introduced into a business. This is all to do with structuring well-formed sentences, taking into account grammatical structures and company terminology. This is done programmatically based upon the data that Narratives is presented with. As Narratives for Qlik seamlessly integrates with Qlik Sense Enterprise, it is logical that the written report it creates relates to a specific chart on a dashboard.
When users make their selections through the intuitive Qlik Sense Interface, the data in a given chart is reduced, focussing in on just a subset of data that relates to the particular selection made. As this happens, Narratives for Qlik recalibrates all the sentences based upon the new data set that is provided.
This takes things a lot further than any business analyst could manage in a reasonable time frame. What you’ll get out of the box is a written report, created in seconds on any permutation you can think of on your data. Now that’s got to be worth considering…