Leverage AI for better business insights: Minimize costs and maximize results

Artificial intelligence (AI) transforms the operations of a company, providing unprecedented opportunities to discover actionable insights that drive efficiency and measurable results. Companies like GE Aerospace have used AI to analyze complex data sets, thereby improving decision-making and operational performance. By leveraging AI, organizations can analyze large amounts of data, identify patterns and make informed decisions faster and accurately. AI also enhances decision-making by enabling predictive analytics, automated data analytics, personalizes customer insights, detects fraud and optimizes operations. In business intelligence, AI automates data cleaning, detects anomalies and generates predictive insights that support strategic growth.
Business Intelligence’s Data Quality Challenge
Business intelligence begins with a core requirement: clean, high-quality data. Without it, even insights generated through AI tools can be completely misleading or completely missed. As the number of data and data sources grows, inconsistencies in formats, inaccuracies and non-standardized information will also increase. Data scientists spend a lot of time cleaning raw data, especially from large repositories such as data lakes, making data analysis expensive, error-prone and time-consuming.
For these reasons, AI’s primary role in business analytics is to improve and automate data preparation. The ability of AI tools to process structured and unstructured data from images to complex streaming data can speed up anomaly detection, improve data classification and standardize formats across data sources. By automating these early tasks, AI reduces the cost and time required for data preparation, allowing analysts to unlock focused on strategy and explanations, and the actual value of business intelligence lies in.
Personalized customer insights
According to the 2024 Personalization Report, 89% of respondents said: “Personalization is critical to business success in the next three years.” The power of AI technologies such as predictive analytics and machine learning-based advice enables companies such as Spotify and Ikea to tailor advice and experience to consumers’ past behaviors. However, consumers also have privacy issues. Another AI approach to personalization is to aggregate and anonymize group behavior data to identify trends and make suggestions for individuals. This queueing approach provides personalization without compromising privacy.
Some organizations use synthetic data generated by AI to help protect consumer privacy as another option. Synthetic data are real-world data that mimic the patterns found in the actual dataset without exposing personal details. This approach not only protects privacy, but also addresses biases that real-world training data may be too much representative of certain groups. Generating synthetic data can also help scale the data sets that a company wants to use for market analysis, such as analyzing future trends or testing products or pricing changes when it is too small.
Practical AI tools for better business insights
Regardless of the industry, AI can take business insights to the next level. Key technologies include:
- Natural Language Processing (NLP). One application of NLP allows companies to analyze customer feedback by processing text data to perform sentiment analysis. Analyzing human communications can help companies understand their customers’ mindsets, which they can use to guide product development and service improvements.
- Machine learning for predictive analytics. Machine learning models can predict sales trends, predict customer churn and identify potential data gaps, so as to make proactive decisions. For example, Backup X implemented an AI solution, which increased inventory accuracy by 95%, reduced processing time by 30%, and saved $5 million per year.
- Visualization of data generated by AI. Artificial intelligence platforms such as MANUS and AI can automatically analyze and create comprehensive data dashboards, reducing the time and effort required for manual dashboard creation. These tools provide instant insights into complex datasets, enabling faster and smarter business decisions.
As these technologies become more user-friendly and scalable, businesses of all sizes can apply them to gain strategic insights about their operations and markets.
Strategic implementation
Strategic AI implementation begins with a clear assessment of available data. It is crucial for an organization to define specific business objectives, identify relevant data points, and evaluate the quality and accessibility of their existing data sets. From there, align AI tool and platform choices with business goals.
For example, customer service chatbots are a common entry point. They use NLP to process regular queries and analyze customer feedback to reveal ongoing issues. Retailers can use image recognition to monitor product listings on the shelves or analyze how customers interact with the monitor. For sales or operations teams, predictive analytics tools help predict demand using historical data, allowing better inventory and resource planning.
Incorporating AI tools into data analytics and insights may be less than organizations think. Codeless platforms offer a fast, low-risk way to get started – ideal for teams without in-house data science and AI expertise. These platforms also allow teams to test and refine their AI approach before adopting more custom development. For companies, it is crucial to weigh their internal resources and adoption urgency when considering whether to build their own AI platform. Proprietary in-house tools provide more control, but third-party platforms can be deployed faster. In either case, a phased approach allows organizations to improve their internal AI skills and quantify their ROI before scaling.
Future trends of business intelligence AI
As AI tools mature, some emerging trends are expected to expand their business value. For example, synthetic data is growing rapidly due to its ability to create diverse, privacy-protected data sets for AI models, especially when access to real-world data is limited or sensitive. Another developing region is interpretable AI (XAI), which improves transparency by allowing the model to shed light on its decision making. Finally, advanced computing and analytics methods such as Quantum AI and Graph AI are beginning to influence business intelligence. These methods are still in the early stages and are expected to conduct more rigorous analysis of complex data relationships and provide users with the ability to extract insights through simpler queries. These trends reflect a shift to AI, which is more robust, easier, ethical, and consistent with growing business and regulatory expectations.
Human intelligence and artificial intelligence
The real power of AI in business intelligence is the collaboration between technology and human insight. By automating data cleaning and processing, AI enables data scientists and analysts to focus on strategic thinking and complex problem solving rather than mundane tasks. Human supervision is essential to provide context, ethical governance, and subtle explanations to validate the insights generated by AI and correct potential biases. The future of business intelligence combines AI’s computing power with human creativity and critical thinking. Successful organizations will enhance their business insights and decision-making by using AI to expand human potential rather than replace expertise.