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BI in the age of AI Accelerated Data Democratization, Embedded Analytics,and Business Process Transformation

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href="javascript:;" class="left_cntrl_top"><img src="/images/arrow1.png" alt="left" border="0" id="arr1"></a></div> <div id="slideInner"><div class="content" style="display: block; margin: 0px auto; width: 100%;" id="content_1"> <div class="box1" id="huge"> <div class="senior"><a href="https://sap.cioapplications.com/cioviewpoint/how-cloud-systems-are-impacting-business-environments-nid-7203.html?utm_source=google&utm_campaign=cioapplications_topslider" target="_top"><img src="https://www.cioapplications.com/newstransfer/upload/i25mf1.jpg" alt="How Cloud Systems are Impacting Business Environments" title="How Cloud Systems are Impacting Business Environments" border="0"></a></div> <div class="senior1"><h3><a href="https://sap.cioapplications.com/cioviewpoint/how-cloud-systems-are-impacting-business-environments-nid-7203.html?utm_source=google&utm_campaign=cioapplications_topslider" target="_top" class="Georgia16" style="text-decoration:none;"> <span style="">How Cloud Systems are 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Foster, Vice President, Information Technology & CIO, University of South Carolina</span> </h3></div> </div> <div class="box1" id="huge"> <div class="senior"><a href="https://sap.cioapplications.com/cioviewpoint/sap-streamlines-core-business-processes-nid-320.html?utm_source=google&utm_campaign=cioapplications_topslider" target="_top"><img src="https://www.cioapplications.com/newstransfer/upload/r97f6DHL-450x308.gif" alt="SAP Streamlines Core Business Processes" title="SAP Streamlines Core Business Processes" border="0"></a></div> <div class="senior1"><h3><a href="https://sap.cioapplications.com/cioviewpoint/sap-streamlines-core-business-processes-nid-320.html?utm_source=google&utm_campaign=cioapplications_topslider" target="_top" class="Georgia16" style="text-decoration:none;"> <span style="">SAP Streamlines Core Business Processes</span> <br> </a> <span class="Verdanabold" style="color:#000;font-size: 12px;font-weight: normal;">Ricardo A. 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Johnson, SVP and CIO, GulfMark and Neeraj Sahu,VP, GyanSys Inc</span> </h3></div> </div> </div><div class="content" style="margin: 0px auto; width: 100%; display: none;" id="content_2"> <div class="box1" id="huge"> <div class="senior"><a href="https://sap.cioapplications.com/cioviewpoint/sap-s-struggle-to-operate-in-a-frontier-environment-nid-369.html?utm_source=google&utm_campaign=cioapplications_topslider" target="_top"><img src="https://www.cioapplications.com/newstransfer/upload/hvdjc25.gif" alt="SAP's Struggle to Operate in a Frontier Environment" title="SAP's Struggle to Operate in a Frontier Environment" border="0"></a></div> <div class="senior1"><h3><a href="https://sap.cioapplications.com/cioviewpoint/sap-s-struggle-to-operate-in-a-frontier-environment-nid-369.html?utm_source=google&utm_campaign=cioapplications_topslider" target="_top" class="Georgia16" style="text-decoration:none;"> <span style="">SAP's Struggle to Operate in a Frontier Environment</span> <br> </a> <span class="Verdanabold" style="color:#000;font-size: 12px;font-weight: normal;">Colin Boyd, VP-IT & CIO, Johnson Controls</span> </h3></div> </div> <div class="box1" id="huge"> <div class="senior"><a href="https://sap.cioapplications.com/cioviewpoint/effective-strategy-while-implementing-sap-or-erp-systems-nid-323.html?utm_source=google&utm_campaign=cioapplications_topslider" target="_top"><img src="https://www.cioapplications.com/newstransfer/upload/blp3i23_450.gif" alt="Effective Strategy While Implementing SAP or ERP Systems" title="Effective Strategy While Implementing SAP or ERP Systems" border="0"></a></div> <div class="senior1"><h3><a href="https://sap.cioapplications.com/cioviewpoint/effective-strategy-while-implementing-sap-or-erp-systems-nid-323.html?utm_source=google&utm_campaign=cioapplications_topslider" target="_top" class="Georgia16" style="text-decoration:none;"> <span style="">Effective Strategy While Implementing SAP or ERP Systems</span> <br> </a> <span class="Verdanabold" style="color:#000;font-size: 12px;font-weight: normal;">Daniel M Horton, CIO, Michael Baker International</span> </h3></div> </div> <div class="box1" id="huge"> <div class="senior"><a href="https://sap.cioapplications.com/cioviewpoint/the-sap-initiative-to-design-and-develop-standardized-globalized-and-integrated-processes-nid-324.html?utm_source=google&utm_campaign=cioapplications_topslider" target="_top"><img src="https://www.cioapplications.com/newstransfer/upload/jmtw916.gif" alt="The SAP Initiative to Design and Develop Standardized, Globalized, and Integrated Processes" title="The SAP Initiative to Design and Develop Standardized, Globalized, and Integrated Processes" border="0"></a></div> <div class="senior1"><h3><a href="https://sap.cioapplications.com/cioviewpoint/the-sap-initiative-to-design-and-develop-standardized-globalized-and-integrated-processes-nid-324.html?utm_source=google&utm_campaign=cioapplications_topslider" target="_top" class="Georgia16" style="text-decoration:none;"> <span style="">The SAP Initiative to Design and Develop Standardized, Globalized,...</span> <br> </a> <span class="Verdanabold" style="color:#000;font-size: 12px;font-weight: normal;">Dr. Frank A. Morelli DPS, SVP Global Business Processes, Operations & CIO, Movado Group Inc.</span> </h3></div> </div> <div class="box1" id="huge"> <div class="senior"><a href="https://sap.cioapplications.com/cioviewpoint/expectations-of-the-it-organization-in-an-sap-driven-business-nid-319.html?utm_source=google&utm_campaign=cioapplications_topslider" target="_top"><img src="https://www.cioapplications.com/newstransfer/upload/4jhltcongagra450x308.gif" alt="Expectations of the IT Organization in an SAP Driven Business" title="Expectations of the IT Organization in an SAP Driven Business" border="0"></a></div> <div class="senior1"><h3><a href="https://sap.cioapplications.com/cioviewpoint/expectations-of-the-it-organization-in-an-sap-driven-business-nid-319.html?utm_source=google&utm_campaign=cioapplications_topslider" target="_top" class="Georgia16" style="text-decoration:none;"> <span style="">Expectations of the IT Organization in an SAP Driven Business</span> <br> </a> <span class="Verdanabold" style="color:#000;font-size: 12px;font-weight: normal;">Gerrit Schutte, SVP & CIO, ConAgra Foods</span> </h3></div> </div> </div> </div> <div id="arrow"><a href="javascript:;" class="right_cntrl_top"><img src="/images/arrow.png" alt="right" border="0" id="arr2"></a></div></div> <script type="text/javascript">$(document).ready(function () {var flag_val = document.getElementById("flag_val").value;/* alert(flag_val); 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line-height: 31px; font-weight:600; margin:3px 0;">BI in the age of AI Accelerated Data Democratization, Embedded Analytics,and Business Process Transformation</h1> <p> Guha Athreya Bhagavan, Director, Data Science, Grainger</font></p> <!-- social counters start--> <div id="innovation"><table width="592" border="0" style="border-bottom:0px; border-left:0px; border-right:0px; border-top:0px;"><tbody><tr><td valign="top" align="left" style="border-bottom:0px; border-left:0px; border-right:0px; border-top:0px;display: inline-flex;"> <div id="conference" style="width: 66px;"> <a href="https://twitter.com/share?text=BI in the age of AI Accelerated Data...#cioapplications via @CIOApplications&url=https://sap.cioapplications.com/cxoinsights/bi-in-the-age-of-ai-accelerated-data-democratization-embedded-analyticsand-business-process-transformation-nid-5439.html" class="twitter-share-button">Tweet</a> <script>!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+'://platform.twitter.com/widgets.js';fjs.parentNode.insertBefore(js,fjs);}}(document, 'script', 'twitter-wjs');</script> </div> <div id="conference"> <div id="attend"> <script src="//platform.linkedin.com/in.js" type="text/javascript"> lang: en_US </script> <script type="IN/Share"></script> </div> </div> <div id="conference" style="line-height: 0px;"> <div id="fb-root"></div> <script>(function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.async=true; js.src = "//connect.facebook.net/en_US/sdk.js#xfbml=1&appId=488639531237057&version=v2.0"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk')); </script> <div id="conference"> <div id="attend"> <div class="fb-share-button" data-href="" data-type="button"></div> </div> </div> </div> <div id="conference" style="width: 100px;"> <div id="conference"> <div id="attend"> <div class="g-plusone" data-annotation="none"></div> </div> </div> <script type="text/javascript"> (function() { var po = document.createElement('script'); po.type = 'text/javascript'; po.async = true; po.src = 'https://apis.google.com/js/platform.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(po, s); })(); </script> </div> </td> </tr></tbody></table> </div> <!-- end --> <div id="borderlinestyle" style="margin-top: -31px !important;margin-bottom: 10px;"><img style="width: 100%;" src="https://www.cioapplications.com/images/line.png"></div></div> <div class="col-md-12" style="padding-left: 0px;padding-right: 0px;"><div class="section" id="desc_part"> <div class="section"><div class="col-lg-5 col-md-5 col-sm-5"><div class="text_style para-space"><div class="news-float"> <img src="https://www.cioapplications.com/company_logos/fffnq.Artboard 4.jpg" alt="content-image" style="margin-right:10px; margin-bottom: 10px;" class="news-img-col news-img-col2" /><p class="head-new" style="font-size: 14px;font-weight: bold; color: #000; border-top: 1px dotted rgb(221, 221, 221); border-bottom: 1px dotted rgb(221, 221, 221); clear:left; line-height: 20px;">Guha Athreya Bhagavan, Director, Data Science, Grainger</p> </div>In their current forms, Artificial Intelligence (AI) and Business Intelligence (BI) automate the mundane and aid decision-making respectively. Their confluence presents opportunities to do more. It offers two transformational opportunities: </p><p>1.Accelerated Data Democratization <br /> 2.Embedded Analytics and Business Processes Transformation <br /> <img src="https://www.cioapplications.com/graph_image/fjotmgrainer1.jpg"><br /> <b>Accelerated Data Democratization </b></p><p>The democratization of data makes it accessible and facilitates self-serve analysis by the user. While many organization shave already started this journey, there is an opportunity to accelerate. </p><p><b>• Why:</b> The most significant upside is a shift towards fact-based decision making. With all the hype around sophisticated machine learning, it’s easy to forget that even today, managers frequently argue over facts. Sometimes this creates a culture of compromise masked by collaboration. Once this problem is solved, driving the adoption of more sophisticated technologies becomes easier. </p><p><b>• How:</b> The key is to define ease of access from the user’s point of view. The user may know how to navigate a spreadsheet but may not like the task. They may not know SQL or pivot tables. More importantly, all of this may seem to distract in the context of their roles and priorities. There can also be strong preferences for specific formats ranging from printing every attachment to only audio-visual content. <br /> <img src="https://www.cioapplications.com/graph_image/2vox9grainer2.jpg"><br /> <b>• What:</b> The current state may be that too many bulky reports land up in everyone’s mailbox. The desired end state is often a single source of truth for rich data available on demand in an interactive and intuitive format. AI can help users query data through a voice or touch interfaces and present relevant information in audiovisual formats. This goes a long way in making data accessible to the non-technical user. </div></div><div class="col-lg-7 col-md-7 col-sm-7"><div class="text_style">Managers who frequently use data to make better decisions are likely to understand the value of sophisticated algorithms. </p><p><b>Opportunity 2: Embedded Analytics and Business Process Transformation</b> </p><p>Embedding predictive models in business processes and tools helps large user groups in decision-making. AI can help solve the harder prediction and classification problems involved. It can also help generate predictive insights at an industrial scale. </p><p><b>• Why:</b> Delivering personalized value to customers requires decentralized decision making. This diffusion requires surfacing relevant insights seamlessly at each step of the process. </p><p><b>• How:</b> Executives often complain that AI-based solutions are hard to integrate with existing business processes. They are right. AI is most potent when you allow it to transform operations. The root cause is often a poorly defined problem statement. Sometimes, it may be necessary to redefine misclassified BI and AI efforts as Business Process Transformation programs. </p><p><b>• What:</b> Business process transformation involves looking at each step of the process to ask which actions can be executed better, faster or simply automated. Often this eliminates some steps or changes the sequence of execution. In some cases, the new process can look significantly different from the current version. <br /> <img src="https://www.cioapplications.com/graph_image/0snzfgrainer-3.jpg"; style=margin-right:10px; align="left"><b>Enablers - People, Products, the elusive 3rd </b></p><p>Past efforts to realize such opportunities have resulted in a healthy mix of successes to celebrate and opportunities to learn from failures. </p><p><b>People:</b>Data Scientists and Systems Designers bring complementary skills to the table. Scientists know how to design experiments, examine empirical evidence and generate insights from data. Systems designers and developers understand process and data flow, entity relationships and state transitions. More importantly, they also have different ways of thinking and soft skills. Scientists are known for their intellectual curiosity, logical reasoning and the kind of rigor that is evidenced by methods like recursion. These are entirely different from the systems and design thinking mindset of using empathy to understand user requirements and innovation to overcome technical challenges. </p><p>From recruiting to project staffing, it is critical to ensure a good mix of skills from these disciplines. Most important of all is the collaboration that helps people with these diverse backgrounds to work together effectively. The acronym C.I.R.C.L.E is a simple way to remember these ingredients of success. <br /> <img src="https://www.cioapplications.com/graph_image/3r3lxgrainer4.jpg"; style=margin-right:10px; align="left"><b>Products:</b> Both proprietary products and the open source ecosystem offer an ever-increasing array of options. </p><p>Mature users of technology can sidestep false dichotomies (e.g., build vs. buy) and strengthen foundations to then integrate a variety of micro-services. Put another way, when you have the right people, this problem solves itself. </p><p>The elusive 3rd P is Process. It’s hard to define a sequence of steps to follow when the goal is to transform other processes. We can, however, build a repository of guidelines and best practices. </p><p>As a first step towards researching this, eight best practices were shown to a group of about 100 CXOs, BI professionals,and Data Scientists. They were asked to identify the ones they thought were relevant. Here are the best practices and their perceived relevance.</div></div> </div> </div> </div></div> <style>#riz { float: left; margin-right: 30px; margin-top: 8px; }#riz h3 { display: inline-block; position: relative; padding: 0 14px; margin: 0; height: 27px; font-size: 11px; font-weight: normal; letter-spacing: 0.2px; line-height: 26px; text-transform: uppercase; background-color: #43A3D6; color:#fff; border-radius: 0px; margin: 2px 0 7px 8px;}</style> <section class="tag"> <div id="riz"> <img src="/images/tag_img_30_30.png" alt="tag" style="float:left;"/> <a href="https://www.cioapplications.com/audiovisual/"><h3 class="title">AudioVisual</h3></a> </div></section> </div> <script type="text/javascript">$(window).on('load', function() { var hig = $('#newsdescr').height(); console.log(hig); if(hig <=600) { $("#rightgoog").hide(); }if(hig <=1900) { $("#div-gpt-ad-1559118784287-0").hide(); } if(hig <=1600) { $(".xkyl").hide(); } if(hig <=1000) { $("#twit_embedded").hide(); }});</script> 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