Business Intelligence solutions analyse data to provide historical, current, and predictive views of business operations to facilitate better decision making.
CPS can help you combine your data with external information and analyse it to gain insights that weren't previously possible.
CPS' Internet of Things solution helps organisations leverage Microsoft’s portfolio of services and capabilities to transform their operations.
CPS' Machine Learning solution supports deployment and exploitation of Microsoft’s portfolio of tools and services.
CPS' advanced analytics solution provides organisations with expert help to analyse and get more meaningful insights from their data.
What Does Data & AI Mean To Your Organisation?
When you search Harvard Business Review for details of “Data and AI”, you will find articles including:
- Building a Culture That Embraces Data and AI
- AI Can Help Companies Tap New Sources of Data for Analytics
- Is Your Data Infrastructure Ready for AI? Amongst many others…
In these areas, CPS can help you plot your journey to realising Data and AI benefits.
Focusing on managing data from multiple / a variety of sources, the term Big Data is primarily relevant when the volume of data is too large for traditional data management practices to be effective.
Companies often collect enormous amounts of information, and eventually, the volume of data collected can be more than humans can analyse using traditional methods, e.g. Excel.
Big data is often broken down into “3-5-7 v’s of big data.”
- Volume: The amount of data collected
- Velocity: The rate at which data is received and acted on
- Variety: The various forms of data collected
This is about taking data and finding meaningful information and inferences. It covers a range of activities, each with its focus and goals. Examples could include selecting the ideal range of products for a retailer or the best vaccine candidates for a biotech company.
These can be categorised as descriptive, diagnostic, predictive, prescriptive, and cognitive analytics. Within this area, you can also consider reporting, business intelligence and data visualisation.
AI – Artificial Intelligence
Businesses realise the benefits of AI and are looking at it to analyse data for detailed insights, automate working methods, and make data-driven decisions.
Artificial intelligence (AI) and machine learning (ML) are exponentially upending decision making. They underpin increased automation and process optimisation with the potential to improve business results through improved and faster planning and decision making.