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How Chatbots are redefining Data Analytics for Businesses - Beagle

Chatbots for data analytics hold untapped potential for accelerating business growth. These technologies will define the success of the future of businesses. https://beagleanalytics.ai/blog/chatbot-for-data-analytics/

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How Chatbots are redefining Data Analytics for Businesses - Beagle

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  1. How Chatbots are redefining Data Analytics for Businesses

  2. Without data, everything that anyone says is just an opinion, and that’s certainly not enough especially when it comes to taking critical business decisions. Importance of data doesn’t come as a surprise to businesses. Companies spend massive amounts of money and time to capture and gain data from different sources. But that’s not enough. Even with all that tremendous quantities of data, businesses worldwide struggle in harnessing available data to benefit from them. The two most important aspects of data are a) Timing and b) Analytics.

  3. If they are not able to retrieve relevant data in time, it’s a loss. If they are not able to comprehend and analyse data well, and well-in-time, it’s the biggest loss. Unfortunately, most of the time, all these data points are generated and analysed in isolation. That again sets for more of a liability than an asset. Data alone is meaningless. It needs to lead to actions, i.e., Actionable Data.

  4. Imagine you have a flight scheduled at 10 a.m. today. You are running a little late. You either take a cab or a metro. What kind of data will help you to make a decision? You can check Google Maps to check how much time it will take a cab. You can check traffic congestion on maps. You can check Metro maps to see how many stops it will make before making it to your destination. These are actionable data. But you need to collect all these pieces of information from different sources to make a decision fast. If you are not fast enough, you run the risk of missing your flight.

  5. Now imagine a 1000 times more critical decision to be taken, with scores of stakeholders and decision-makers in consideration, with even less time to decide and much more at stake. What happens when all those stakeholders and decision-makers do not get comprehensible, actionable data in time? It’s been happening for quite some time now. But the emergence of AI and Machine Learning technologies has turned a corner in data accessibility and analytics space. One of their best solutions is – Chatbots.

  6. Messaging Platforms Backend Systems

  7. Grow your BI User Adoption, Today! Decision Point Pvt. Ltd. 7th Floor, Veritas Tower, Sector 53 Gurgaon – 122003 Email: beagle@decisionpoint.in Phone: +17182134453

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