New applications of artificial intelligence (AI) are emerging every day to improve day-to-day business. In the field of data analytics, solutions are already emerging that improve the way data is interpreted, analysed and reported.Data analytics is a necessity in more and more companies, and especially in IT companies. Hence their interest in discovering AI advances in this field.
One of the new innovations that uses AI to turn data analysis on its head is found in Rows AI. This tool transforms the way datasheets are used and provides valuable insights after analysing the data.
From this solution we can discover the benefits that AI brings to data analysis.
How is AI revolutionising data analysis?
Below, you can find out the main advantages that this technology offers to data analysis:
1.- Speed of analysis
It allows users to work faster by having a virtual data analyst at their disposal, streamlining the analysis process and providing instant insights.
These AI-powered tools not only optimise the time spent on analytical tasks, but also improve decision making by providing accurate and timely information.
2.- Increased accessibility
Users can analyse data without knowing any coding or advanced spreadsheet skills.
This accessibility democratises data analysis, allowing professionals at various levels to make meaningful interpretations and informed decisions without the barrier of technical complexity.
3.- Increased accuracy of predictions
The machine learning algorithms embedded in these AI-based tools can predict future trends and make accurate forecasts.
This capability is particularly valuable in financial planning, sales forecasting and inventory management, where accurate predictions can significantly affect business performance.
4.- Time savings on repetitive tasks
AI-powered spreadsheets offer time-saving features such as automated formulas and macros, reducing time spent on repetitive tasks.
This allows professionals to allocate their time and resources more efficiently, focusing on higher-value activities that contribute to organisational success.
5.- Reducing human error
Human errors, such as typos or misinterpretation of data, can lead to costly mistakes and inaccurate analysis. AI-powered spreadsheets minimise the risk of such errors by automating data entry and ensuring consistency throughout the spreadsheet.
In addition, AI algorithms can detect anomalies and inconsistencies in data, allowing users to quickly identify and rectify any discrepancies.
6.- Improved data presentation
Data visualisation plays a crucial role in presenting complex information in a clear and understandable way and, in this context, AI plays an important role in advancing data visualisation techniques, enabling the creation of interactive and dynamic visual representations of data.
These improved visualisations will enable professionals to explore and analyse data more effectively and facilitate better decision making.
Do you want to take advantage of AI to improve your business? At PGR Marketing & Tecnología we have experts who will help you achieve it.
