Posted by USEReady’s AI-powered BI approach to traditional BI is empowering enterprises with predictive insights for a competitive edge
Mumbai: For decades now, Business intelligence (BI) has helped enterprises garner insights from their data and aid decision-making. However, BI essentially provides a rearview mirror to make sense of historical data. Enter Artificial Intelligence (AI) – with its ability to understand natural language, predict future outcomes and prescribe optimal actions, AI has the potential to revolutionise the BI landscape.
This convergence of AI and BI promises to usher in a new era where businesses can extract exponentially greater value from data to drive competitive advantage, believes Uday Hegde, Co-Founder and CEO of New York-headquartered USEReady. The firm offers AI-powered BI solutions to help enterprises fully harness the potential of their data.
“AI can enable decision-makers to essentially have a front windshield view and receive signs on the road about what’s to come and how to respond optimally – which BI does not provide,” explains Hegde.
USEReady sees this integrated AI and BI approach – which it calls Decision Intelligence – as the future. The company has continuously invested in proprietary platforms, products and IP to equip enterprises with state-of-the-art capabilities to migrate their legacy BI infrastructures to modern AI-enabled ones.
The Demand Driver
This rapidly growing demand for AI-powered BI is arising from businesses seeking more predictive insights, greater personalisation for customers and higher automation in processes.
“Leading organisations want AI to focus on tangible business outcomes – like increasing revenue or operational efficiency – not just deploy pre-built models. Clarity on the “why” of AI is crucial,” Hegde emphasizes.
He highlights that AI allows systems to detect patterns and signals – from data sources like voice, video, text and transactions – which humans cannot, and then use that intelligence to prescribe actions aligned with business goals.
Data: The Differentiator
The ability to harness AI effectively, however, is directly linked to an enterprise’s data maturity, clarifies the USEReady CEO.
“If data infrastructure and pipelines are not robust, insights from AI get hampered. Most firms capture less than 10% of available data today. First priority for them should be establishing a sound data foundation,” notes Uday.
This approach has resulted in USEReady seeing strong traction from regulated sectors like banking, financial services, and healthcare where data is critical but legacy systems abound.
The Pivotal Role of CDOs
As enterprises embrace Decision Intelligence, Chief Data Officers (CDOs) have become crucial change agents. However, they need to augment technical know-how with business acumen and become trusted advisors across the C-suite to drive AI adoption.
Hegde, explains that historically CIOs handled technology while CDOs must partner with the line of business to achieve functional outcomes. USEReady prepares CDOs for this transition through its proprietary MOM (short for Migration-Optimisation-Modernisation) framework centred on long-term data strategy.
The Road Ahead
As a pioneer in self-service BI and now Decision Intelligence, USEReady understands first-hand the challenges enterprises face. The company’s philosophical pillars around data privacy, trust and responsible AI guide its solutions.
“We want to ensure AI does not turn businesses less intelligent by becoming over-dependent on external models. That’s why we advocate investing in proprietary AI platforms tuned to internal data assets,” Uday explains regarding the roadmap.
The company is also gearing up for stronger global expansion beyond its North American stronghold, with India as a key focus market.
With strong capitalisation and a 500-member team spread across the globe, USEReady is poised to enable organisations across diverse industries to harness the true potential of data with trustworthy AI.
(Image source – USEReady)