Automation is the biggest growth driver for any industry. Much work in being done in automation of various aspects of business: work flows, project management, marketing etc etc.. Business Analytics is lagging quite behind in this though. Much of business analytics today involves manual data munging, analysis by an expert, modeling through the use of statistical tools and a final decision making by a manger. Bulk of this process can be automated. Imagine a system that looks at data, converts data into usable format, identifies trends, presents those trends in human readable reports and generates actionable items that can be read by other systems. That is where analytics should head to.

This vision will involve coming together of several fields of science. There will automated statistical models identifying trends. There will be business expertise converted into machine readable rules. There will be natural language generation and interpretation. There will be smart dash-boarding. And of course there will be Databases, APIs and UIs 🙂 All of this together will be what I call artificial intelligence in business analytics. Parts of it is already happening when an e-commerce company decides to give a customer discount on a particular product on the fly or when an algorithm decides to do a particular trade in financial markets. In fact eventually it can lead to complete automated decision making in all aspects of business! The only control remaining with humans being the plug to the machine.

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