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Augmented Analytics Explained

Now more than ever, data will play a huge role in business decision making. There is a lot of talk about how ‘AI’ and Machine Learning will influence how we live and work in the future. But how does this apply to data, analytics and business intelligence? And more importantly, how can you leverage the power of augmented analytics. Recently named a Visionary in the 2020 Gartner Magic Quadrant for Analytics and Business Intelligence Platforms, Yellowfin is at the forefront of Augmented Analytics.

The Rise of AI in Analytics

Dashboards are great for monitoring your business, but they aren’t able to provide you with actionable insights in real-time. AI analytics is on the rise, and it’s changing the way we consume information. Join us on 12th February to understand more about the current use and adoption of dashboards and AI analytics. You’ll also hear about Gateshead NHS Foundation Trust’s analytics journey, and how they are looking at automated data discovery to optimise their A&E services.

What is happening in augmented analytics?

Augmented analytics is when you take what was traditionally a very manual workflow and automate it. This gives you the ability to analyze data far more rapidly using machines and to package up changes for humans to interpret. Essentially you’re augmenting a human experience, so rather than spending all your time looking for a needle in the haystack, the machine finds the needle and gives it to you. By bringing the human and the machine together you can create something very special and deliver that to an end user.

Why every consultancy is now a product business

One of the really interesting trends that I’m seeing in the marketplace relates to consultancies. Historically, the primary business model for consultancies was to sell their expertise and services. Every customer would get a unique service offering that was defined specifically for them. Now analytical consultancies are shifting away from purely being body shops and starting to think about how to productize their business by offering pre-packaged solutions and managed services to their customers.

Is your BI software visionary?

It’s recently been announced that we've made the Gartner Magic Quadrant for the seventh time. What’s most exciting is that this year we're in the visionary quadrant. This means that Yellowfin is now recognized for being an innovator in the BI space. We bring products to market that other people follow and that have something different to offer customers of BI software.

Why data catalogs are on the rise

A really interesting development I’ve seen in the data and analytic space lately is the rise of the data catalog. You may know these by another name such as a semantic or metadata layer, but they’re all fundamentally the same. Data catalogs aren’t new, they’ve been around for a long time. While some vendors like Yellowfin and Cognos have always had them, others like Tableau and Qlik are now just getting to them.