The New age Analytics
Better storage of information has enabled us to change our lives and created new businesses and forced some companies to evolve with new business models. For many companies, survival depends on building a data-centric model.
According to the Gartner Report ' Top Technology Trends in Data and Analytics that will change your business.' released this year, Augmented Analytics is at the top of the list.
What is Augmented Analytics?
Augmented analytics enables Machine Learning (ML), and Artificial Intelligence(AI) assisted data preparation, insight generation, and explanation. It augments how business people and analysts explore and analyze data and analytics and business intelligence platforms.
How does it work?
It augments the expert and citizen data scientists by automating many aspects of data science and model development, management, and deployment.
Gartner believes augmented analytics will be the dominant user experience and driver of analytics, data science, and ML platforms over the next three or five years.
There are three key areas where augmented analytics creates impact:
- ML/AI created data and analytics: Automates data preparation, insights discovery, and sharing.
- Actionable insights: Augmented Analytics will transform the way we currently interact with analytics; the interaction will be in natural language.
- Analytics for everyone: With the democratization of advanced analytics, in a fraction of time with less data science and ML skill and without prior knowledge of data science anyone can understand, explore and experiment with data unlike before.
What are you doing with data and analytics in your business?