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What is business intelligence? Transforming data into business insights

CIO

Business intelligence definition Business intelligence (BI) is a set of strategies and technologies enterprises use to analyze business information and transform it into actionable insights that inform strategic and tactical business decisions.

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Salesforce Data Cloud updates aim to ease data analysis, AI app development

CIO

Salesforce is updating its Data Cloud with vector database and Einstein Copilot Search capabilities in an effort to help enterprises use unstructured data for analysis. The Einstein Trust Layer is based on a large language model (LLM) built into the platform to ensure data security and privacy.

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5 Ways Layered Navigation Improves Business Intelligence Strategies

Smart Data Collective

Big data technology has had a number of important benefits for businesses in all industries. One of the biggest advantages is that big data helps companies utilize business intelligence. It is one of the biggest reasons that the market for big data is projected to be worth $273 billion by 2026.

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What is the Future of Business Intelligence in the Coming Year?

Smart Data Collective

As the use of intelligence technologies is staggering, knowing the latest trends in business intelligence is a must. The market for business intelligence services is expected to reach $33.5 top 5 key platforms that control the future of business intelligence impacts BI may have on your business in the future.

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Get Ready For These Six 2020 Business Intelligence Trends

Smart Data Collective

More and more often, businesses are using data to drive their decisions — which makes cutting-edge analytics and business intelligence strategies one of the best advantages a company can have. These new avenues of data discovery will give business intelligence analysts more data sources than ever before.

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Human and AI Partnerships Are Integral to the Future of Customer Experience

CIO

We will see new types of data — including unstructured data, such as audio, video, and images — being leveraged to give organizations a competitive advantage, get more value, and develop new use cases to set the stage for a new customer-driven era. This is because only 50% of them had their issue or concern resolved.

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Financial services firms turn to automated, data-driven processes for new products and services

CIO

Transitioning to automated, data-driven processes is the best way for these companies to not only cope with change but also take advantage of it. Streaming data analysis powered by ML can enhance fraud detection at the point of sale as well as enable instant adjustment of credit terms to improve customer satisfaction.

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