AI-powered analytics is particularly at home in the fields of artificial intelligence, big data and smart data as well as eCommerce and digital commerce. The term describes the use of artificial intelligence (AI) to automatically analyse large amounts of data and gain valuable insights from it. Companies use AI-powered analytics to make better decisions, identify trends at an early stage or optimise business processes.
Instead of analysing each data set individually, the AI can process data from different sources in real time, recognise patterns and make predictions. This saves time and increases accuracy. A typical example: In an online shop, AI-powered analytics observes the purchasing behaviour of customers. The AI recognises which products are often bought together and suggests suitable items. This allows sales to be increased without employees having to constantly carry out analyses.
AI-powered analytics opens up new ways for companies to utilise their data better and increase customer satisfaction. For decision-makers, this means faster reactions to market changes and well-founded strategies - based on data that was often previously unused.