Data that has been collected, collated, and cleansed is ripe for analysis and insight generation. Advances in Machine Learning and AI are helping deliver on the promises of augmented analytics to produce actionable insights. Pairing Machine Learning techniques with prepared data enables organizations to achieve more accurate predictions and measurable analysis on all kinds of business functions.
A growing number of BI and Analytics tools vendors are responding to the need for augmented BI by opening their platforms through APIs and making stored data more easily accessible. This is a critical first step that gives IT the ability to build connections from Machine Learning products to raw, cleaned, and prepared data.