Miten tekoäly voi auttaa parantamaan monimutkaisten tietojen visualisointia?

In the age of digital transformation, Artificial Intelligence and Machine Learning solutions that enhance effectiveness and productivity are becoming table stakes for businesses to obtain a competitive edge. Organizations of all sizes, from global enterprises to boutique firms, continue to increase their AI-driven data analytics spending as capabilities accelerate. So where does data visualization come into this transformation?

Key Takeaways About AI in Data Visualization:

• AI transforms static reporting into intelligent discovery: Traditional dashboards and data visualization are limited to showing users what happened, but usually aren’t effective at explaining why. AI visualization tools can automatically identify anomalies, uncover patterns across massive datasets, and even recommend follow-up analysis for deeper insights than ever before.

• Enable faster, more confident decision-making: AI reduces the time required to find answers, interpret results, and identify opportunities (or risks). This accelerates analysis and saves time on manual tasks so your team has more time for strategy and decision-making — providing a major competitive advantage in agility and responsiveness.

• Build an AI-powered ecosystem with insightsoftware: Users increasingly expect more streamlined and consolidated workflows that minimize context switching. Integrated ecosystems powered by AI (such as insightsoftware) facilitate this, spanning the entire insight lifecycle, from data governance and ETL to complex data visualization, scenario analysis, and executive reporting.

To get the most out of their IT investments, companies need strategies to disseminate analytical findings effectively. The data story has to be understood by not just stakeholders and analysts, but by every human touchpoint in your value chain.

Researchers from MIT found that 90% of the information transmitted to the brain is visual. Therefore, data visualization is crucial in understanding analytics that can be utilized to drive your business forward.

AI is highly effective at aiding companies in gathering and processing data. It also helps transform simple information visualization modalities (such as charts and graphs) into interactive elements by incorporating real-time information, such as geographical heat maps.

This article will explore how AI and ML improve organizational visual representation capabilities to help companies make savvier business decisions and run operations more efficiently.

How AI helps data visualization

Pie charts, histograms, and graphs are helpful, but more complex visualizations like heat maps and fever charts provide more context on business data. AI-powered tools are vital technologies that make more granular data visualization and narrative reporting possible.

Here’s a quick rundown of some of the ways AI can be deployed to aid or enhance data visualization:

• Data Transformation: AI can use algorithms to convert data from one modality to another (e.g. transform area sales figures into a geospatial visualization).

• Assessment: Rules-based systems can measure the relative quality of data sets with scoring or rankings.

• Anomaly Detection: Flag unusual spikes, drops, outliers, missing data, or unexpected performance changes before users manually inspect the dashboard.

• Automated Comparisons: AI can identify patterns and trends, noting similarities and differences in data from multiple time periods or business units.

• Querying: Analysts can set up automated enquiries to find information based on a number of specific needs.

• Reasoning: ML and AI tools can develop autonomous reasoning capabilities and come up with hypotheses (i.e. modeling and forecasting).

• Recommendations: AI in Business Intelligence tools can suggest data and/or visual encoding methods that may be insightful to users and decision-makers.

• Context-Aware Insights: Building on reasoning and recommendations, AI can be grounded in your specific business logic, security, and data models.

• Mining: AI and ML can reveal insights from data visualizations without impacting the overall presentation of the data set.

AI data visualization tools that perform these functions (like insightsoftware) can significantly elevate how your teams approach data storytelling.

Benefits of AI-powered data visualization tools

On a fundamental level, data visualization forms part of a business’s output, so presentation matters. In fact, managers in organizations with optimized data visualization tools are 28% more likely to find timely information. Furthermore, the same study found that 74% of companies can use data visualization tools to customize workflows to suit their team’s needs. Companies are also five times more likely to make important business decisions faster than their direct competitors when they use the right data visualization tools.

Consider the following benefits of investing in a powerful data visualization tool to elevate your organization’s approach to analytics and decision-making:

Reduces manual reporting effort

The most obvious benefit of AI-powered data visualization is that your analysts spend less time creating charts and tables by hand. The most tedious and repetitive tasks are typically where AI systems excel, such as finding variances, summarizing data, and distributing reports to stakeholders. The result is that finance, operations, and analytics teams have more time to focus on higher-value activities instead of exporting data, reconciling spreadsheet versions, and more.

Boosts company collaboration

Visually displaying data often makes it easier for everyone to grasp information, especially complex data trends. Collaborative features built on top of this can further foster data literacy and boost adoption across your organization. With insightsoftware’s powerful data visualization tools, teams can quickly modify, change, and comment directly in dashboards without leaving their analysis flow.

Elevate data storytelling & accelerate decision-making

Effective solutions for data visualization enable users to meaningfully interact with data and use what they learn in order to make or support data-driven decisions. With approachable, intuitive tools that make self-service analytics easy and interesting, insightsoftware can take your organization beyond visualization, into action.

Future-proof your analytics & strategy

Simulating what-if scenarios with advanced data visualization tools can improve your company’s strategic decision-making abilities. Predictive modeling is a key area that AI and ML systems have revolutionized, giving modern organizations unparalleled prediction capabilities. This allows them to look at multiple potential outcomes of a decision and make more informed strategic choices based on that information. From there, teams can use the findings to identify bottlenecks or inconsistencies to improve their operations and reduce errors.

What to look for in an AI-powered data visualization platform

If you’re looking to upgrade your data visualization software to a more modern system, we recommend looking for these features and characteristics:

• Natural-language query support grounded in governed business data

• Awareness of business context, not simply generic chart generation

• Real-time data connectivity to your ERP, EPM, finance, and cloud systems

• Pre-built templates and reports for faster time to value

• Strong (and tested) data governance, security, permissions, and auditability

• Embedded analytics capabilities for internal apps or customer-facing tools

• Scenario modeling and forecasting for forward-looking analysis

• Anomaly/variance detection and explanation to show what changed and why

• Collaboration features like commenting, shared workflows, and approvals

• Flexible and customizable visualization and dashboard designs

• Integration with tools you already use (e.g. Power BI, Qlik, Excel, etc.)

• Wide connectivity to data sources to fit your existing tech stack

• Explainable outputs that transparently show where answers came from

• Enterprise-level scalability across users, data volumes, and regions as your business grows

Practical ways to incorporate AI into your data visualization

Real-time monitoring

AI algorithms are indispensable tools in the fight against fraud. Financial service teams using AI can train their system to detect irregular account activity and alert staff to potential fraud. Finance teams need governed systems so they can confidently and safely share sensitive financial data, knowing that the information they see is legitimate. Solutions from insightsoftware can analyze your account information and take appropriate action to keep track of your business transactions. Our Writeback Tables allow you to monitor activities such as interest rate changes, late payments, and estimated balances.

Generate granular business insights

You can also tailor your BI solution to look for deeper relationships across massive data sets by incorporating AI into the data discovery process. Analysts can then use the data to create specialized data visualization graphs and tables to help shareholders and employees better understand your business operations. In e-commerce, these granular data insights may help companies build upselling and cross-selling campaigns based on onsite user behaviors and purchase histories.

Refine search parameters within dashboards

Modern data visualization tools make it easier than ever for teams to set up detailed search parameters and queries easily. AI-powered platforms can also apply algorithms to sort and prioritize search queries to help teams find the answers they need faster and with a high degree of accuracy. As a result, business analytics teams can query and test more scenarios to create better business outcomes.

Bolster your data visualization with AI-enhanced tools from insightsoftware

Data visualization tells the story of your business, so you need to make sure that it’s compelling, accurate, secure, and easy to understand. Optimize your ERP and financial data with insightsoftware to scale your organization to new heights. Our solutions equip your business with all the visual storytelling tools needed to get your stakeholders on the same page.

If you want to learn more about our dynamic data visualization tools, get a demo today.

Unlock the true potential of your data. insightsoftware enhances the capabilities of data visualization and analytics to give you unparalleled insight, so you can know faster and act sooner.