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AI Data & Analytics

What is AI analytics?

Furtherance Flora Solutions · 1 May 2023

AI analytics is the product of automating data analysis — a task that used to consume large analyst teams — with current artificial intelligence and machine learning. In addition to structured data, models can increasingly work with unstructured sources: natural language processing for text, speech transcription, and computer vision for image and video.

Business benefits

When systems can analyze data with less manual effort, labor cost for scarce data-science time goes down. Other gains include:

  • Risk management. Stronger models and clearer strategies.
  • Product work. Large-scale analysis that informs updates and new offers.
  • Supply chain. Data-backed answers to problems that used to stall in spreadsheets.
  • Customer engagement. A sharper view of what people want — acquire, keep, and grow loyalty.
  • Marketing. Campaigns aimed by what customers already buy.

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