How Is Gen-3 BI In Cloud Platform Transforming Businesses?
Business decision-making skills and methods are important for any enterprise to improve its financial statistics. In the past, businesses used to study and extract insightful decisions from their archives. But now, Business Intelligence contributing its part in the success of enterprises by saving lots of analytical time.
To achieve better business outcomes, many organizations are desperately looking forward to integrating their current workflows with Business Intelligence. According to the survey of IDC, 52% of IT and 50% of financial firms have already implemented BI tools in their premises to achieve new revenue streams.
How Does Gen-3 of Business Intelligence Drive New Age of Decision-Making Ability?
The Gen-3 BI is specialized for cloud & AI-driven analytics and delivers the decisions/insights whenever demanded. As it is more dependent on cloud technologies, it enables employees to work on it from remote locations and access the company data stored in the authorized account from any device, time, and place. Gen-3 BI represents data insights in a sophisticated graphical representation so that anyone can interpret it easily and make better decisions.
Gen-3 Unlocks New Business Opportunities:
Organizations using the latest BI tool could achieve better efficiencies, mitigate miscalculation risks and derive actionable insights from the real-time data.
Let’s consider these examples of the positive impact of BI on businesses.
Learning Pool:
Learning Pool, a knowledgebase company that generates billions of data in a few minutes or hours, has recently implemented a Gen-3 BI tool with IT infrastructure to integrate the power of their cloud AI analytics platform with LRS (Learning Record Store) and learning locker.
They are also going to roll out a new version of their learning pool suite called “Insights”, which contains the same ability as Gen-3 BI to derive real-time data insights through the most intuitively designed dashboards. Its visualizations help users learn about the past, present, and possible future performance of their learning behaviours.
Open Banking:
The UK based fintech company adopted this latest generation BI tool for its OpenRep project to help its clients to provide better support to SMEs. Further, they implemented advanced AI-driven analytics and automation to make its whole analytics system proactive, which provides real-time insights and monitoring process automation. With this approach, they can achieve notification regarding upcoming business risks on an early basis in a cost-effective way.
Final Words:
By seeing businesses intelligence’s current progression, we can assume that its future will be exceptionally exciting and advanced. BI solutions contain multiple versions that organizations can use to reap benefits in the near future. For example, it helps to achieve personalized infographics, AI-enabled analytics, low-code customization, and other agile options. In simple words, we can say that BI contains endless future possibilities. Organizations having progressive thinking are taking Business Intelligence as their key to future success.
Are you thinking the same and looking for the best BI solutions providing a company in India? If yes, then CloudStakes Technology Pvt Ltd. would be the best option for you. Book your business intelligence consultation with our BI experts today to know more about our BI offerings.
