Page 36 – DataToBiz

Kavika Roy
August 09, 2021
1 Comment

10 Steps for Turning Enterprise ML into Success

Artificial intelligence and machine learning (ML) are fast becoming a part of our lives, professional or domestic. Virtual assistants, chatbots, data-driven models for better decision-making, data analytics, and much more result from implementing AI and enterprise ML in the business. AI-powered tools streamline the processes and help enterprises improve quality, increase productivity, enhance customer satisfaction, and get more returns. SMEs can either build an internal team to integrate AI into their business systems or hire AI services offered by the leading consulting companies. Though AI and ML improve the performance of an enterprise, things can quickly go wrong if you don’t have a proper plan to integrate AI into your business. In this blog, we’ll read how to implement ML models in your organization successfully. We know about artificial intelligence and are aware that machine learning is a part of it. But what exactly does a machine learning algorithm do? A machine learning algorithm is software that uses historical and real-time data to help enterprises trace patterns, predict trends, detect fraud, analyze customer behavior, and provide personalized suggestions. The algorithm is written in a way that uses the feedback in the system to improve and deliver better results. Over time, enterprise ML algorithms can perfect themselves and provide accurate predictions. Of course, ML is much more than a simplified explanation. There are different types of ML based on the kind of algorithm used (or how the software approaches learning). Types of Machine Learning Data is a common factor for any machine learning. Reasons to Invest in Machine Learning With AI and ML making great headway in the market, it has become essential for several enterprises to invest in the technology. The following are some reasons you should invest in enterprise machine learning and how it can help achieve your business’s short-term and long-term goals. Inventory Maintenance Inventory management and maintenance is a labor-intensive and time-consuming process. It is even harder for large-scale enterprises with vast production. Machine learning simplifies the process by automating inventory maintenance to minimize the need for human intervention. Reduce Work Pressure When repetitive tasks are automated, employees do not have to spend most of their time doing the same thing repeatedly. Therefore, employees have more time to devote to their projects and less stress completing them on time. Also, with virtual assistants and chatbots enabling self-servicing within the Enterprise, employees can be empowered to become more productive without feeling the pressure. Market Analysis Machine learning algorithms can process data in real-time and detect the latest trends in the market. Suggestions about changing the product’s price, reaching out to a new target audience, managing demand with supply, etc., are possible. Data Sorting and Analytics AI and ML models are an inherent part of data analytics. From collecting data to cleaning and sorting it and data labeling, machine learning can make things easier and complete the task in less time. The data science teams can use enterprise ML models to analyze data faster than before. Decision Making AI and ML software provide accurate insights and predictions that help make the right decisions for the Enterprise. The reports produced are easy to read and can be presented in any format (graphical, tabular, textual, etc.) so that you can understand the insights and know where things stand. Data and System Security Data forms a vital part of every business and has to be protected from external forces. The machine learning algorithm can help enterprises enhance the overall security system in the business. The latest antivirus and spamware software is built using AI and machine learning to identify and prevent cybercrime before affecting the business. Fraud Detection and Prevention When discussing cybercrime, we should also mention fraudulent transactions commonly seen in the eCommerce, insurance, and banking industries. The machine learning algorithm can detect such transactions and alert employees. Many insurance companies and banking institutions have invested in ML-based fraud detection tools. Retailers and eCommerce business owners also integrate AI solutions with their business systems to prevent being duped by fake transactions. How to Ensure Enterprise Machine Learning Success Let us look at the steps for a successful enterprise ML implementation and getting the expected results for your business. 1. Understanding AI and ML and Becoming Familiar with Them The first step to implementing anything would be to know what it is. Unless you and your employees understand how artificial intelligence and machine learning can help you improve, adopting new technology will not help much. Several ML consulting companies assist right from the start and continue to offer support even afterward. They help in training your employees to work on the ML models and increase their work efficiency. Read the use cases shared by the consulting companies and download the whitepapers and understand them. Join online crash courses or training programs to gain a comprehensive idea about AI and ML. 2. Knowing Why You Need ML- Identify the Problems ML Will Solve in the Enterprise Why do you want to invest in Enterprise AI? Which issues do you want to tackle by integrating AI software into the business systems? Saying AI and enterprise ML will simplify the workflow is not enough. You must know where and how to use machine learning algorithms. Start by making a list of problems and gaps in your business system that can be solved using ML tools. Which problems can be solved using NLP, ML, DL, computer vision, etc., and what kind of AI tools will you need to integrate into the business? 3. Prioritizing What You Want from ML and Acknowledging the Talent Gap Investing in ML is a costly affair, whether you own a startup or a large-scale enterprise. You have to prioritize the areas where ML will first be implemented to scale it throughout the organization later. It would help if you also considered your existing talent pool. Can your employees adapt to the changing systems? How many will have to be trained in the first batch? How many new employees should you hire? Even if you

Kavika Roy
August 05, 2021
1 Comment

How to Use AI to Move IoT to Next Level

Enterprises around the world are widely adopting artificial intelligence. The Internet of Things (IoT) is not far behind either. In fact, with IoT making it easy to collect and share data across a network of devices, it has become a must-have for many industries. However, you need advanced tools and technology to process and analyze the data collected by IoT. That’s why large enterprises have been investing in artificial intelligence to streamline and automate business processes. As a result, Gartner has predicted that around 65% of SMEs and large-scale enterprises will be using IoT by 2024. Combing AI and IoT will take things to the next level by helping businesses use data in a way that’s never been done before. The combination of AI and IoT is a hit because IoT helps digitalize the physical world, while AI solutions make it easy to process and analyze a huge volume of data in less time. What is the Difference Between AI and IoT? Artificial intelligence is a mix of rules and intelligence. Rules are the part where programs are written. Intelligence is the use of machine learning and deep learning to understand data and make sense of it. Internet of Things is a network of several devices that are interconnected and constantly send information to each other. This makes the devices smart and allows you to control them from remote locations. Voice assistants and smart devices at home (smart locks, smart lights, etc.) are examples of IoT in domestic life. The main AI and IoT difference is that the Internet of Things is essentially hardware and network-based. Sensors, data collectors, computers, etc., are connected through a wireless network and send data to a central cloud server. Artificial intelligence usually works with data. Be it data gathering, cleaning, structuring, formatting, analyzing, or visualizing, AI is used to understand data collected by IoT. Internet of Things is less expensive compared to AI but has a higher success rate. The only way IoT can fail would be when the devices and components in the network are damaged or don’t work. However, AI has more chances of failure due to the wrong AI tool, incorrect data processing, or even inaccurate data. As long as you hire reputed AI strategy consulting companies to assist you, you can be assured that your investment will deliver the expected results. Reasons for the Surge in Demand for AI and IoT A survey by SADA Systems in 2018 showed that AI and IoT were the leading technologies that the enterprises adopted. The trend is probable to continue for the foreseeable future. So what resulted in this increase in demand for AI and IoT? AI as a service is helping streamline business processes and adopt the data-driven model to make better decisions in less time. From automating recurring tasks to providing virtual assistants for employees, AI increases productivity, quality and reduces costs. Internet of Things has made it feasible to develop new products and find new ways of distribution. Since devices and cloud computing technology are already available, IoT is very much a reality that’s delivering great results to industries. It is helping solve real-world problems ranging from traffic issues in cities to data sharing in remotely located factories. AI and IoT are providing enterprises with a definite edge over competitors and helping them become industry leaders. Adopting AI has become necessary to survive in this competitive world. Several offshore companies offer customized artificial intelligence solutions to assist SMEs in unlocking the power of data and increase returns. Using AI to Move IoT to the Next Level Let’s see the role of AI in IoT and how artificial intelligence can move the Internet of Things to the next level. Risk is a part of every business. Be it the safety of the workers, maintenance of heavy machinery, unexpected market conditions, or fraudulent transactions, IoT and AI help businesses understand and predict different risky scenarios in the enterprise. This makes them aware of what all could go wrong and how they can prevent it. Data is collected from sensors in the factory, devices worn by workers, transportation vehicles, computers, etc. This data is analyzed using AI to alert the management in time and prevent an accident from happening. Automation has changed the way work is done in enterprises. Instead of putting excess pressure on employees to complete the recurring tasks, the process is automated using artificial intelligence. As a result, employees have more time on their hands to take up complex tasks and be productive without getting stressed out. AI and IoT together assist employees in identifying tasks that can be automated and fine-tuned to increase efficiency. In addition, understanding patterns and processing data in real-time facilitates management to make faster decisions. Artificial intelligence can make IoT scalable in an enterprise of any size. A range of the device can be used as a part of the IoT network. Whether it is a mobile phone or a high-end computer, it serves the purpose when powered by AI. In fact, many organizations use low-end sensors for data collection to manage costs. AI reduces the large volume of data to a manageable level and allows you to add as many devices as necessary to the IoT network. AI and ML solutions use data from IoT to identify patterns and trends in customer behavior. This helps you in developing new products/ services that are useful for customers. It also helps in making changes to the existing products/ services to attract more sales. We can say that using AI, especially NLP (Natural Language Processing), to understand customer behavior will help manufacturers streamline their R&D. Rolls Royce, the British luxury automobile manufacturer, has been using IoT and AI to develop new aero engines. Broken and damaged machinery causes a lot of loss for manufacturers. The only way to prevent unexpected machine breakdowns is by implementing preventive maintenance. But how does the management keep track of so many machines and their maintenance? That’s where IoT has been

Isha
July 26, 2021
6 Comments

A Definitive Guide to Power BI for Beginners

You want to gain competitive advantage from your data analytics but don’t know where to start. Or have you started using Power BI but don’t really know how to optimize its usage in your organization? If yes, then this post is exactly what you’ve been searching for. In this article, I’ll reveal everything you need to know about Power BI. You’ll also get some tips to boost your productivity using Microsoft’s cloud solution. Power BI is one of the newest tools offered by Microsoft, offering several interesting features such as dashboards, reports, analysis etc… With this tool, it’s now possible to manage large amounts of data easily thanks to the ability to visualize them in attractive ways. You can create your very own dashboard or even build a custom report. But before you jump into building those awesome visualizations, there are a few things you should know first. Let’s go through each one of these aspects carefully. What is BI or Business Intelligence? Before digging into what is Power BI and the benefits of using it as a tool, it is important to understand the basics of BI. Business Intelligence or BI is a process that analyses and converts raw data into coherent and actionable information for use in analysis of business operations. Firms that have incorporated BI for making decisions have experienced better performance and productivity. Teams are observed to be delivering up to a ten-fold increase in ROI. If stats are to be believed, the absence of BI in a firm has shown a high percentage of raw data, as much as 99 percent, left unutilized. To sum it up, business intelligence uses tools to take raw data, and then converts it into smart plans, aiding in right decision-making. BI helps organizations and businesses adapt an object-oriented approach by defining KPIs and setting benchmarks to have an aligned direction for achieving goals. Moreover, BI makes it possible to organize and manage the otherwise unmanageable data into controllable streams, while putting it into respective uses. What is Power BI? Analytics is a major concern today considering we live in a data-driven age. It deals with discovering, interpreting, and processing data to reach a conclusion. Albeit data and business analysts have multiple tools to choose from, they always go for something that is convenient to use and provides easy access. Power BI tool from Microsoft is a collection of software services, apps, and connectors that work together to utilize all sources of raw data into coherent, easy-to-process, visually compelling, and interactive insights. Curated by the tech-giant Microsoft, Power BI allows the user the access to resources they need to aggregate, visualize, analyse, and share data. Connecting to a wide range of data resources from a basic Excel sheet to databases, and both cloud-based and on-premise apps, This business intelligence tool gives the user the convenience of sharing intelligible insights of what’s happening in their business. Often used as an umbrella term, Power BI can also refer to either a Windows Desktop application called Power BI Desktop, or mobile Power BI apps on a Windows OS device, as well as for iOS and Android devices. Who can use Power BI? Often it is observed that business intelligence products tend to fall in the user-friendly zone for profiles like business analysts and data scientists. But thanks to its user-friendly and easy-to-process nature, Power BI can be used by a wide range of people in an organization. In fact, one of the major reasons for Power BI to be so widely popular is the point that users irrespective of their technical expertise level or background find it convenient for use. Because of its versatility and useful features, professionals consider Power BI in healthcare industry as a must-have tool. Organizations who do not have an in-house Power BI service, usually outsource it to another firm that has rich experience in data science and related tools. Such is its effect on users and growth of organizations, that there has been a spike in demand for Power BI developers and services in almost all the industries. Businesses wherein creation of data models and reports for analysis is mandatory, may or may not have the skills to operate all the BI tools. In such cases data science consulting firms such as Datatobiz turn out to be extremely supportive, as Power BI is an essential tool for data scientists and analysts to work on. Cumulatively, Power BI works with data in whatever way it is asked to do, so you can use it in any way. A couple of industries that use Power BI regularly are airline, hospitality, healthcare, and retail. Departments irrespective of the industry the firm belongs to, that use this BI tool include finance, marketing, human resources, and IT. Why are organizations or individuals using Power BI? Power BI facilitates intelligent decision-making, eventually reducing the likelihood of failure and mitigating inherent risks. The data that BI processes are available for viewing and interacting 24*7 from anywhere, as long as you have mobile access. The mobility that it provides is considered a star feature against other BI tools where access to viewing is restricted to a particular location only. This convenient feature allows the users to pull, process, and share real-time data anywhere anytime, making Power BI services rise in demand. Data security is a major concern for any organization irrespective of the industry. Power BI lets the user track and control data usage, granting access only to those who are supposed to have it, without having to bother tech support or IT security elements. Power BI also offers the flexibility to save data on cloud storage, thus preventing exposure of sensitive data by blocking risky user activities in real-time. That apart, Power BI is scalable, so it can fit under any organization and is capable of handling changes in size, be it a rapid business expansion or an unexpected downsizing. The beauty of Power BI is its ease of use, even by people who

Isha
July 26, 2021
1 Comment

5 Computer Vision Strategies To Implement For Your Business

As humans, we can easily see, process, and act on something that could be considered a visual input. But how can that be replicated in machines? That is precisely what computer vision aims to do. While there may be limitations for a machine to act like humans, they are quite close when it comes to analyzing and acting as programmed to do. To cut it short, Computer Vision can be described as a process when a computer using artificial intelligence is able to identify and process visuals (like photos and videos), extract insights from them to create an appropriate output that makes the process of decision making simpler. According to this market analysis report conducted in 2020, the global computer vision market size was at a value of USD 10.6 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 7.6% from 2020 to 2027. Before going into the computer vision techniques that you can implement for your business, let us understand the basics. Understanding Computer Vision Computer Vision is enabled with the capability to read, identify, classify and verify objects. The recent developments were facilitated by ML or Machine Learning technology, especially the process that requires iterative learning, and significant updates in computing power, data storage, and high-quality yet inexpensive input devices. Before we look at how firms are making use of this technology through in-house computer vision services or by outsourcing it to an expert computer vision consulting firm, we need to understand what goes into making this technology so different. Computer Vision Process 1. Capturing an image When a digital device like a camera or CCTV captures an image, it is basically creating a digital file consisting of zeros and ones in the computer’s language. 2. Processing the image Algorithms are used to determine basic geometric elements to create images out of the acquired binary data. 3. Analyzing and taking action The final component that makes the process of computer vision application successful is the analysis of the data. The system then acts according to the way it is programmed and notifies the administrator or manager. Computer Vision Basics What is computer vision used for? Is computer vision and machine learning the same? A part of computer vision applies machine learning, and they are both spin-offs from AI. However, computer vision involves tasks like image identification and classification, object detection and tracking which is way different from what ML does. Who is making use of Computer Vision? A number of industries have been using Computer Vision to enhance customer experience, reduce costs and increase security. Some of the major players are retail, manufacturing, surveillance, and weather forecast. Top Computer Vision Techniques Used by Businesses As humans, we tend to start using our vision as soon as we are born. The way we process visuals and process them to understand and act is highly difficult to replicate in machines. And while the field of computer vision has been successful in overcoming challenges so far, there is still a lot that needs to be worked on and optimized. Recent developments in neural networks are deep learning initiatives that have greatly advanced the way these visual recognition systems perform. And while it’s easy to learn about the basics of computer vision, implementing it in the right way irrespective of the industry a business belongs to, is difficult. In such a situation computer vision consulting services seem like the best go-to option to implement this technology. And the top features of the technology that these firms make use of in their decision-making strategies are as follows- Image classification The fact that a computer system can identify, analyze, and act almost like a human sounds great. But for that to happen, the visuals that the input device captures must be classified into a particular category to take action. There are a good number of challenges associated with image classification in computer vision like viewpoint variation, scale variation, intra-class variation, image deformation, image occlusions, illumination conditions, and background clutter. To overcome these challenges, computer vision researchers have derived a data-driven approach to solve this. Instead of trying to specify what one type of image category looks like directly in code, they provide the computer with examples of each image class. Learning algorithms are then developed for the computer to learn about the visual appearance of each class so they can go with the classification easily. Object Detection The task to define objects within images involves placing bounding boxes and labels for individual objects. This differs from image recognition and classification in a way that detection would put objects in a particular box after the image classification has been done. Say for example, if there are multiple cars in an image, all cars need to be detected and put in a bounding box. For classification though, there are just two ways to do it- object bounding or non-object bounding. Object detection is important as it helps the system to understand the image or video and prepare for analysis. The major difference between image recognition and object detection is that the latter has the ability to locate objects within an image or other input visual. This can be applied in a number of ways by businesses or retail stores that implement professional computer vision services for crowd managing, self-driven cars, anomaly detection, face detection, and video surveillance. Object Tracking Object tracking involves estimating the state of the target object present in the scene from the information collected. The process involves two levels. First known as Single Object Tracking where the appearance of the target is tracked. And second, MOT or Multiple Object Tracking where a detection step is necessary to identify the targets that can leave or enter the scene. A major challenge in tracking multiple targets originates from the various interactions between objects that can sometimes also have a similar appearance. In recent years, due to the exponential rise in the research of deep learning methods, there has

Kavika Roy
July 23, 2021
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11 Most Common Issues with Data Integration [Solved]

Data integration is a much familiar term you might hear these days. It is the basis to build a data-driven business process in your enterprise. Furthermore, data integration helps you adopt new technologies, create successful business models, and make better decisions. However, data integration is neither easy nor simple. It comes with various challenges that can result in the opposite of what you want for the enterprise. For data integration to be successful, you will need the right tools, strategies, and talent. These need to be aligned for the ultimate goal of taking your decision using a data-driven model/approach. You can take on the services of a data science consulting company to provide you with a comprehensive data integration plan. The aim is to overcome the data integration challenges using the expertise of the best industry professionals. What is Data Integration? We’ve already talked about data integration several times. But what exactly is data integration? The process of consolidating data from distinct sources is known as data integration. This is the simplest of definitions. Data integration is the first step necessary to work on data analytics, reporting, and forecasting. Data from all corners of the enterprise and across various online platforms is collected and stored in a central database. This is usually termed a data warehouse. You will need a warehouse that can hold a vast amount of information as you will keep adding more data every day. Also, you need to see that data from each source will be in a different format. You are essentially dealing with raw and unstructured data that needs to be brought together for further processing. A data integration example is collecting and processing data in the retail sector to manage inventory, supply chain, and customer satisfaction. The online and offline sales records are brought together to create a central database. This allows the management to decide how much inventory to hold, when to order more stock, and when to move the goods from the warehouse to the stores. It provides more control over business operations. Two Main Types of Data Integration Data integration is divided into the following- Enterprise Data Integration: EDI is the set of technological instructions that should be followed to manipulate data over more than two sets. It is the process of acquiring data from different business systems to help perform numerous business activities. Customer Data Integration: CDI is a part of the data integration solutions that deal with customer data. This data is used to identify leads, understand customer behavior, and provide personalized customer services. Need for Data Integration Data integration is necessary for a simple reason that SMEs need to know which decisions will work in their favor and which will backfire. Once a huge amount of data is collected, it is processed to derive meaningful insights. This process of converting raw data to useful and structured data is known as data mining. With such an extensive quantity of data available, issues during data integration in data mining like data latency, duplication, etc., can put roadblocks in your progress. But these can be overcome with proper understanding and planning. Before we look at the most common challenges of data integration and how they can be solved, let’s have a quick read about why data integration is needed for business organizations. The Most Common Data Integration Challenges 1. Data is Not Available Where it Should Be One of the most common business integration challenges is that data is not where it should be. When data is scattered throughout the enterprise, it gets hard to bring it all together in one place. The risk of missing a crucial part of data is always present. It could be hidden in secret files. An ex-employee could have saved data in a different location and left without informing the peers. Or it could be any other reason that results in the data being elsewhere. It is suggested to use a data integration platform to gather and compile data in one place to overcome the problem of not finding data where expected. Asking developers to work on it is time-consuming, which leads to the next issue. 2. Data Collection Latency and Delays In today’s world, data needs to be processed in real-time if you want to get accurate and meaningful insights. But if the developers manually complete the data integration steps, this is just not possible. It will lead to a delay in data collection. By the time developers collect data from last week, there will be this week’s left to deal with, and so on. Automated data integration tools solve this problem effectively. These tools have been developed to collect data in real-time without letting enterprises waste their valuable resources in the process. 3. Wrong and Multiple Formats Another of the common challenges of system integration is the multiple formats of data. The data saved by the finance department will be in a format that’s different from how and sales teams present their data. Comparing and combining unstructured data from different formats is neither effective nor useful. An easy solution to this is to use data transformation tools. These tools analyze the formats of data and change them to a unified format before adding data to the central database. Some data integration and business analytics tools already have this as a built-in feature. This reduces the number of errors you will need to manually check and solve when collecting data. 4. Lack of Quality Data We have an abundance of data. But how much of it is even worth processing? Is all of it useful for the business? What if you process wrong data and make decisions based on it? These are some challenges of integration that every organization faces when it starts data integration. Using low-quality data can result in long-term losses for an enterprise. How can this issue be solved? There’s something called data quality management that lets you validate data much before it is added to the warehouse. This

Kavika Roy
July 22, 2021
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How to Choose the Right Data Warehouse Storage?

Do you know that 2.5 quintillion bytes of data are generated each day? It has been found that less than 0.5% of this data is used and the rest of it is just there, scattered around in enterprises. Even with more and more enterprises adopting data-driven technology, not all of them can make most of the data they have. A primary reason for this is the lack of proper data storage arrangements. Huge volumes of data have to be stored, cleaned, processed and analyzed to derive insights that help SMEs make correct decisions. But where and how should you store such vast amounts of data? Ordinary storage systems are no longer effective. That’s where data warehousing has begun. It is hardly a new concept but is gaining more popularity as enterprises are moving towards streamlined business systems. Read further to learn how to choose a data warehouse storage that would be apt for your business requirements. What is Data Warehouse? Simply put, a data warehouse is a place to store historical and real-time data, which is processed and analyzed to help the sales, marketing, customer service teams, and other departments make better decisions. The data warehouse is not the same as an operational database. It is more expansive and is not updated as frequently as the operational database. A data warehouse provides a long-range view of data from the past and present, and hence the analytics run on this data delivers more insights. It can be either an in-house storage system or a cloud storage system. So how do we pick the right data warehouse for the business? We’ll evaluate all the necessary factors in this post. But before we see more about these factors, let us read a little more about data warehouses. Reasons to Choose Data Warehouse What makes a data warehouse a necessary service for today’s enterprises? How does data warehousing help streamline business operations? How is Data Warehouse Used Within an Organization? How to Choose a Data Warehouse (4 Steps) Investing in a data warehouse doesn’t directly guarantee results unless you choose the right data warehouse for your business requirements. Whether it is choosing between the types of data warehouses or the service providers, you will first need to understand the business requirements. Hiring offshore data warehousing services from data analytics companies will help you get a complete picture of how to plan, adapt, and implement data warehousing in your organization. 1. Business Systems The first step is to understand your business systems. If you have a specific data administrator, you will need to choose a data warehouse that is compatible and can be integrated with it. Read the use cases shared by other companies. Ask the consulting agencies to analyze your business system and suggest the best suitable data warehouse. 2. Technical Specifications Data warehouses are usually designed to suit the varying needs of different SMEs across industries. However, you still need to ensure that the data retrieval speed, data storage speed, and flexibility you require can be provided in a data warehouse. 3. Billing Structure and Resources This point is important when you opt for cloud data warehousing. Each cloud provider follows a different billing structure. The cost of investment in both the short and long terms must be considered. 4. Security Specifications While all data warehouses promise data security, the actual security levels and encryption methods depend on the individual service providers. Does what they offer to match your security requirements? Evaluation Criteria Once you are fully aware of your business systems and what you need from the data warehouse, it’s time to consider the different factors that help you choose the right data warehouse for your enterprise. 1. Cloud vs. On-Premises We have been talking cloud data warehouse for a while now. It has been more popular in recent times when compared to on-premises data warehousing. However, that doesn’t mean cloud services are suitable for every business. For example, if majority of your data is stored in on-premises systems that are not fully compatible with cloud platforms, you will find it easier to invest in an in-house data warehouse. Of course, you can still migrate the entire business system to the cloud and upgrade your IT infrastructure. Companies like Oracle, Microsoft, and IBM offer on-premises data warehousing services. Microsoft has both on-premises and cloud data warehouses. 2. Type of Data What type of data do you plan to store in the data warehouse? Will it be structured or unstructured? Based on the type of data, you can choose between a relational database and a non-relational database. A relational database is suitable for structured data arranged neatly in the rows and columns of a spreadsheet. A non-relational database is ideal for large semi-structured data. Semi-structured data consists of emails, social media posts, demographic and geographical data, audios, videos, etc. What if you have unstructured data? In that case, a data lake might be an effective choice as it has been designed for the same. A data lake is a relatively new concept that promises to offer much more than a data warehouse. An in-depth comparison between a data warehouse and a data lake will give you a better idea about which one is the best for your organization. 3. Cost and Time Factors It can be quite a task to compare the costs of data warehousing services offered by different companies. The calculations are unique to each service provider, and unless you make a detailed comparison of what they offer and what they don’t, it can be hard to decide just by looking at the numbers. Remember that the cost here should also include the cost of implementation. If you hire data analytics companies to assist, you will need to pay them as well. Generally speaking, the cost of data warehousing depends on the storage, size of the warehouse, the resources required to run and maintain it, and the number of queries you run. If more than one team will access the

Kavika Roy
July 21, 2021
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How to Convert Your Big Data Into Actionable Intelligence? (7 Easy Steps)

In today’s world, access to data is no longer a problem. There are such huge volumes of data generated in real-time that several businesses don’t know what to do with all of it. Unless big data is converted to actionable insights, there is nothing much an enterprise can do. And outdated data models no longer help in processing big data to derive insights. When a business fails to gain actionable analytics and implement the data-driven model to improve decision-making, it ends up losing to competitors in the market. Despite having access to real-time data, the business will continue to be stagnant and passive because it doesn’t have the necessary setup to convert big data into actionable intelligence. Many big data consulting companies offer offshore services to help SMEs and large-scale enterprises implement the data-driven model in their business by investing in advanced data analytics. Let’s read about big data, how it works, actionable intelligence and its benefits, and steps of converting big data into actionable intelligence. What is Big Data? Big data is a trending technology that helps to handle a large amount of data that is complex to categorize and process using traditional data management systems. The Five V’s define the nature of big data: Volume- Big data is huge and is constantly increasing in volume. It needs to be stored in data lakes or on the cloud. Velocity- Big data is collected in real-time and is generated at a rapid pace. IoT, data streams, smart meters, etc., are always collecting data. Variety- Big data is raw data and comes in structured, semi-structured, and unstructured formats. It can be images, text, audio, video, graphs, and much more. Veracity- Since big data comes from multiple sources, it needs to be cleaned and processed before it can make sense to the end-user. Variability- Markets are volatile, and data flows cannot be predicted. It is important to know how data is impacted by the changes and how that can, in turn, impact business decisions. How Big Data Works Big data analytics help you in deriving accurate insights. But for that to be possible, we need to know big data works. The Need for Big Data and Big Data Analytics Analyzing big data helps you to understand the market conditions, consumer behavior, the financial position of the enterprise, and several other vital factors that play a role in shaping the future of your brand. Due to the vast amount of data available, you cannot rely on manual data analytical procedures to gain insights. The following are some reasons why every organization needs to invest in big data: What is Actionable Intelligence? Actionable intelligence is an insight or prediction that can help you gain a competitive edge over competitors. It helps in making future decisions to improve the overall performance of the enterprise and keeping it ready to face the competition. Actionable intelligence is one step ahead of business intelligence. It doesn’t stop at providing data insights. It provides you with a comprehensive plan to get the best possible results from the insights. Benefits of Using Actionable Intelligence Actionable intelligence is derived using big data analysis. It is mostly used for competitor analysis to understand how you can do better than them. At the same time, you also have to know where to draw a line. Aggressive data gathering attempts to know more and more about your competitor can be termed illegal and come under corporate espionage (corporate spying). So, apart from the competitor analysis, what are the other benefits of using actionable intelligence? However, for you to successfully get actionable intelligence from big data, you will need to hire a trustworthy consulting company to help you establish the setup in your business. The success of your decision to use big data analytics will work when experts handle the job. Steps to Convert your Big Data into Actionable Intelligence Converting big data into actionable intelligence needs proper planning and approach. You need to work with the consulting company to first understand what you need for your business. Only then can you find the best way to make it possible. Step 1: Know What You Want in the Long Term Don’t let the traditional systems hold you back and limit the insights you can gain. Start fresh without excess baggage from the past and be ready to adopt new tools. However, it is also necessary to have a clear long-term plan for your business. Unless you know what you ultimately want for your enterprise, you cannot choose the necessary tools and software to reach the goal. Artificial intelligence-based tools are used to process big data. But that doesn’t mean any such software will do. In addition, it does not mean that you have to invest in a company-wide adoption for the system to undergo a complete change. All these come later when you know what your business should achieve in the next five years or so. Set a tangible target and start creating a pathway to reach this target. Focus on the most important goals instead of having too many targets. Step 2: Identify the Factors that will Result in the Required Outcome Since you know what you want to achieve, it’s time to identify the factors that will help you get the expected results. It is one of the trickiest parts of the process. Going wrong here would mean that your entire plan of action would be wrong. For instance, if you wish to increase your customer base by 10%, you need to know what factors can help you achieve this. Should you target a new market or work on existing ones? Should you reach out to a different target audience? If yes, what changes do you need to make to the marketing strategy to attract new audiences? Can all these be aligned and mapped together to become a part of a single process? Which step should come after which one? How can the factors be executed, and how many resources do you need to spend on it? If

Kavika Roy
July 16, 2021
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7 Ways Machine Learning Can Help You Handle Business Travel Risks

Traveling to meet clients and stakeholders is a part of the process for several organizations. A good percentage of day-to-day traveling are businessmen and women flying from one city/country to another for meetings and conferences. The industry has changed tremendously over the years. Air travel has become a preferred choice of most enterprises as it saves time compared to other modes of transportation. Allowing people to check-in from their mobile phones instead of waiting for long hours at the airport is one major development. However, the rise of the COVID pandemic in 2020 has disrupted all industries, and the travel sector is no exception. Flights have been canceled; the borders between countries were closed. Even the borders between the states were closed to prevent people from traveling and spreading the virus. While this led to substantial losses, it further pushed the industry to come up with new ways and promote safe travel for people. Technology has become an inherent part of this change. Be it self-serving machines, contactless transactions, or replacing customer care staff with virtual assistants to contain the spread of the virus, artificial intelligence and machine learning or ML can help you beat business travel risks on a large scale. Safety First When Traveling Employee safety has become one of the primary concerns for airports and airlines. The staff is at high risk of getting infected because of the nature of their work. This directly impacts productivity. At the same time, the health of the passengers traveling on the same flights is also a matter of concern. AI solutions are helping to manage these risks and facilitating safe travel while also ensuring that the staff is not exposed to the virus. Facial recognition systems, predictive maintenance, and contactless luggage screening are a few ways in which AI and ML are being used in the aviation industry. Masks, sanitizers, and face shields are an inherent part of the process to stay safe when traveling. But to arrange for safe travel, it is the technology that comes to the rescue. The Need for Technology – What is Machine Learning? Many airlines and airports are investing in ML to get back on track and increase their productivity without risking the lives of the people involved. But what exactly is machine learning? Is there a need to hire the services of a Machine Learning consulting company to adopt new technology? It is a subset of artificial intelligence. It is a method of data analysis that teaches computers to understand data and make a decision with minimum human interaction. This algorithm allows the system to learn from its mistakes and improve its efficiency to produce more accurate results. However, the vital point is that the airlines can be productive even in risky situations like the pandemic by using AI and ML services. Coming to the second question, it is not compulsory to hire offshore AI consulting companies to adopt the technology. However, revamping the business processes is not easy unless there is the right kind of support. This support comes from experienced consulting companies that offer personalized services to various organizations. Ways ML Can Help You Beat Business Travel Risks There are several ways in which machine learning can increase the productivity of airlines. We will first see how ML can reduce business travel risk and then read about how ML can be used in other areas of the travel industry. 1. Customization of the Trips Travel companies and airlines are now offering customized plans based on your travel history. Based on your previous flying experiences and preferences, a personalized travel program will be charted by the machine learning algorithm. There are already apps that use smart calendars to create a travel plan for the sales personnel. X.ai already allows similar functions. The apps have up-to-date information and can plan your entire travel program more effectively as they also consider the risk quotient, the delays in flights, the difference in time zones, and more. Machine learning can reschedule your itineraries based on your travel requirements and factors that affect your program. This is highly advantageous for business travel as it saves time and money for the enterprises who pay the expenses on behalf of the employees. It also helps streamline the trip to make it successful. 2. Self-Service Check-ins for Contactless Transactions Check-ins with as little contact as possible is a great way to prevent the virus from spreading, isn’t it? AI services let you check-in in advance, not just in the airports but also in hotel rooms. Some hotels in countries like Singapore are offering contactless check-ins. You can check-in via the app and also request any extra services you might need. You’ll be provided with a QR code that needs to be scanned at the hotel so that you can check into your room straight away using the kiosk. There is no need to talk to the reception staff or enter your details anywhere. There isn’t any need to sign your entry and risk touching items that could spread the virus. Singapore’s Changi Airport Terminal 4 is using automation, while the CitizenM hotel group is offering self-service check-ins for guests. 3. Humanoid Robots and Robotics to Replace Humans The Bangalore International Airport in India is planning to use humanoid robots in place of human employees. A local startup has been working on building the humanoid to assist passengers during travel. Sirena Technologies has also built the first Indian Humanoid Robot, Nino that enables a novel and modern approach to education. Similarly, airlines are starting to replace robot-driven aircraft tractors to take passengers to their flights. By reducing the involvement of employees, airlines can continue to fly planes and stay productive even in adverse conditions. There is an idea to use automated kiosks to check the temperature of the travelers along with their travel details, all in one place. This will eliminate the need for employees to handle the passports and other papers of the travelers. 4. Screening Luggage Using Artificial Intelligence Luggage

Kavika Roy
July 13, 2021
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How Call Centers Are Being Modified Using Artificial Intelligence?

It has been more than two decades since call centers revolutionized the customer support system for various industries. While some static call scripts and one-size-fits-all strategies may remain unchanged in business outsourcing, technology has played a crucial role in drastically altering the way call centers function. Today, call centers have the unique ability to leverage all available data to drive each customer interaction. These data include various sources like the marketing campaign the customer has viewed multiple times, the type of transaction completed recently, or what a prospective customer looked for in their latest search. Of many technologies that call centers may have leveraged, artificial intelligence is one. Artificial Intelligence in call centers has allowed explosive growth owing to widely available cloud services and machine learning tools. AI in call centers There are two major types of AI in BPOs right now. The first can evaluate vast volumes of data and provide just-in-time insights for the agents to improve their performance on a call. This AI delivers the correct information during a call and ensures the agent or executive is on track with the right information when the caller asks for it. The second type of AI in business outsourcing is conversational AI. It analyses the speech of both the executive and the caller to identify emotions and, ultimately, intent. Conversational AI is mainly used to forecast the impact of a conversation based on vocal ticks, emotional state, and overall engagement level of both the caller and the agent. The sentiment analysis provides valuable real-time feedback on the emotional state of both the customer and agent and intervenes whenever required. Why is AI used in call centers? Ultimately, businesses want to create a personalized, positive experience for customers. And we are all well aware that when it comes to providing a good experience, the credits are always measured in sales, whereas a bad experience can have lasting effects. So how does AI change any of it? Here’s the answer. Automation: AI automatically captures data, routes calls to the suitable agent based on the input and mood from the analyzed data, and creates a profile for future reference that can be used in the call center and other business areas. Analysis: Call center AI provides in-depth analysis of individual calls making it easier for the managers and quality control executives to make decisions. Each call is measured and compared against performance benchmarks to provide a clear picture with an actionable insight of where the agent is performing and lacking. Support: AI is directly integrated with call center service workstations for agents providing immediate insight into the data being captured, the probable outcome of the call, and much more. The result is faster response times, a higher call resolution rate, and happier and motivated call center agents who are now empowered with tools to help them perform better. How is the call center scenario changing with AI? It is no news that call centers strive to provide a seamless and easy experience to customers since they constantly have to face the risk of losing out to a competitor. This report from a survey conducted by American Express found out that prospective or existing customers have bailed from a current purchase because of a poor service experience. To ensure that does not happen, call centers have turned to AI and machine learning solutions to help them take the following best action, turn leads into customers, increase retention rates, propensity product purchase, and much more. Business Process Outsourcing or BPO firms tend to work a lot around data. That is why data-driven call centers look forward to implementing AI solutions to improve customer experience. Here are a few practices for data-driven call centers with AI and big data to enhance selling via a good customer experience. 1. Intelligent call routing One of the significant advantages AI brings to call center finances is saving on human resources costs. Call routing through AI helps get the right customer to the right representative, taking into account the reason for the call and lifetime value and call complexity. A good number of call centers also opt to use skills-based call routing techniques to respond to a promotion. Say, for example, if one team is striving for promotion A and the other for B, AI can quickly identify and analyze the call and route it to the appropriate team. Layering in AI to skills-based call routing also ensures that the customer arrives at the right agent who can guide them in the best possible way. 2. Better analysis for caller feedback Traditional call monitoring cannot pull data from multiple sources in real-time. For example, the performance of call center executives or agents is currently monitored according to human observation. Calls are listened to and analyzed by a small number of ‘human’ managers who may or may not have their own biases that could impact evaluations. The analysis can be inaccurate, directly moving the scoring of agents. If you have ever called a customer support center of an e-commerce firm or any business, you’d be well aware of how they inform you before the issue that the call may get recorded for quality purposes. This indicates that agents receive feedback and support only after the ring, and there is probably no automation or real-time assistance implemented to guide the agent. What gets even more annoying for the customer is that they may have to speak to several agents or keep dialing digits without receiving any fruitful outcome — the result- poor feedback for the agent. AI improves this situation by performing those essential functions like monitoring, analysis, and support in real-time. Much of this function is performed by its branch, machine learning. ML services help in analyzing the mood and response of both the customer and agent on call. When used as feedback, the data enables the agents to respond more effectively, making them both happier, as compared to previous experience. 3. Personality profiling While the main objective of

Yashica Chopra
July 09, 2021
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10 Ways the Advanced BI Tools Help in Decision Making

Business intelligence is a data-driven process that transforms raw and unstructured data from across the enterprise into structured data to gather meaningful insights. It is the process of analyzing and presenting data to understand how the business is performing and what needs to be done to improve the business. Before we know how the Advanced BI tools help in Decision Making, here’s the brief of what they actually do: Various tools and software are used to collect, process, analyze, and present data to derive insights. These tools play a crucial role in the decision making process of SMEs. Instead of relying on instinct and outdated data, organizations use real-time insights to understand the current and future market conditions. This allows the management to have more control over their decisions. In this blog, we will learn how advanced BI tools can empower enterprises to make the right decisions for their business. Functionalities of Business Intelligence Business intelligence helps enterprises to collect and store data in a central database that can be accessed by all departments. This ensures that everyone gets the latest information and can collaborate with other departments to increase productivity and sales. The following are the functionalities of BI. Role of Business Intelligence in Enterprises Business intelligence is used in various organizations to- Big names in the global market like Netflix, Adobe, Amazon, Siemens, Cisco, Philips, etc., grabbed prominent places on the list of Transformation 20 for making the best business decisions of 2019. Though the companies have been working on bringing new changes over the years, the major results were seen in 2019. For example, Netflix became the leading online live-streaming platform and the top provider of original content on OTT. Amazon’s Web Services helped reduce the cost of building and maintaining the IT infrastructure for many startups. AWS became a profitable venture in no time. These developments have been possible because the brands changed their business processes to data-driven models and invested heavily in business intelligence. Advantages of Using Business Intelligence Tools Without using the right software and technology, enterprises cannot expect to get the desired results. Adopting and investing in BI tools can change the way businesses look at data. There are many benefits of using Decision Making Platforms in business- Types of BI Tools Business intelligence tools are of different types and serve various purposes in the enterprise. Digital Dashboards It is a real-time interactive dashboard that presents data in an easy-to-understand graphical format. Power BI, Tableau Desktop, Qilk Sense Desktop Personal Edition, etc., are some examples. Advanced Spreadsheets There are open-source and web-based spreadsheets with much more features than MS Excel offers. Reporting and Querying Tools These tools are used to report, sort, filter, and process data based on queries. Some of the Best Business Intelligence Tools for Effective Reporting are Power BI, Sisense FineReport, Oracle Business Intelligence, IBM Cognos Analytics, etc. OLAP Tools Online Analytical Processing tools make it easy to analyze data from multiple sources and present it in multiple ways to include various business perspectives. Data Visualization Software Helps create graphical reports for complex insights and makes it easy to understand and share the key details with other departments in the enterprise. A few popular data visualization tools are Tableau Public, DataWrangler, D3.js, Plotly, and many more. Mobile BI Software Using BI tools on mobile devices so that employees are always armed with the latest reports no matter where they are working. Example: Power BI Pro, Zoho Reports, Amazon QuickSight, etc. Data Warehousing Tools These tools help collect data from various sources to structure and store it in a single location known as the data warehouse. Data Mining Tools Identifying patterns and hidden trends in the large data sets using AI and ML algorithms. Decision Intelligence Using a framework of data analytics, reasoning, and machine learning techniques to make informed decisions. Unified Modeling Language Using a modeling language/ techniques to specify and develop software for the business. Cloud-based/ SaaS BI tools that can be accessed via the cloud and used on the cloud platforms without downloading the software to the on-premises services. Power BI Pro, Zoho Reports, Tableau Online, etc., are a few cloud-based BI tools. Business Process Management Using a set of processes to manage the performance of the business by carefully planning and aligning the goals. Example: MagicDraw, Adobe LifeCycle, Enterprise Architect, ProcessMaker, and many more. How Advanced BI Tools Help in Decision Making There are many ways in which BI tools play a role in helping enterprises make the right business decisions. Whether it is in the sales department, managing resources, hiring eligible candidates, or training the existing ones, BI tools help enterprises have a better and deeper understanding of the intricacies in the business. 1. Generate Reports with Valuable Insights Reports are an inherent part of every business. From inventory to accounts to sales, each department generates reports to present the current business situation in different formats. Business Intelligence Consulting helps enterprises produce detailed reports that share valuable information about the company’s revenue, sales, inventory, past performance, and more. 2. Data Visualization to Understand the Reports Data visualization tools can be used by employees with minimum or no training. The aim of these tools is to present data in a simple and easy manner that can be understood by most people. Employees can add and delete features on the dashboard using the drag-drop option. This lets them see how different factors impact the overall performance of the business, that too without much effort. 3. Increase Benchmarking Standards Setting up benchmarks is not an easy task. It requires large-scale research to study the processes and systems used by the industry leaders and then create an action plan to implement the same in the organization. But BI tools have simplified the process of benchmarking. 4. Unlocking the Power of Unstructured Data This helps in getting in-depth insights from data, which is not possible when enterprises work with only one type of data. Traditional tools are capable of working