New Trend in Data Analytics: Augmented Analytics

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Augmented Analytics is a software, automating the steps of taking the data that you receive from your business and operations, and finding actionable insights to improve upon. A constant assistant through the use of artificial intelligence and intelligent learning programs, augmented analytics can help a business by saving them time and money hiring expensive data scientists. Su, (2017).

Benefits to augmented analytics are the constant work on finding actionable insights in the business that a data scientist, business analyst, or employee would tire of and possibly miss some important details. Another benefit is the fact that the software does eliminate the need for a data analyst by doing more than just supporting the analysis, it goes further and finds where the company can improve.

Augmented Analytics can take some time to work but they do take the boring part out of the work for employees. Labeling, organizing and defining the data so work can be done faster and more efficiently. The actionable insights generation of the augmented analytics can help any business improve on their operations so that they can become more profitable and efficient in the future.

I find this to be positive trend as it further simplifies the work for the employees and business overall. The concern would be training data analytic employees on how to use the new automation software, and how to use and apply the new information to the business. As with any technology there is of course a learning curve, once that is crossed then the benefits will speak for themselves.

An augmented analytics software I found, Tellius offers their users through their Genius AI Engine, machine learning, natural language processing, personalize recommendations and is set up to run at scale. Tellius, (2021) They connect the data from outside sources, prepare it for use in their leaning machine, and then explore, discover and predict how the data can work for your business.

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References

Su, (2017). Augmented Analytics Demystified. Retrieved from https://medium.com/analytics-for-humans/augmented-analytics-demystified-326e227ef68f

Tellius, (2021). Genius AI Engine. Retrieved from https://www.tellius.com/product/

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