Impact of Automation and BI progressing exponentially across industries

By VARINDIA - 2019-05-09

Impact of Automation and BI progressing exponentially across industries

Dr. Rajeev Papneja, COO & EVP, ESDS Software Solution. 

 

“It doesn’t really matter anymore what anyone thinks because Automation & BI have already shown their impact and the impact is progressing exponentially across industries. There is no single industry that does not rely on data. Prices of flight tickets is a great example of predictive analysis using big data in travel industry. Health professionals have started to capture vitals of patients and using analytics to assist patients in living a better and longer life. Needless to mention the retail industry where we see numerous use cases in practice. Todays consumers use digital assets for a comfortable & faster shopping experience and all major online shops are using the data extensively to meet the needs of consumers and their evolving buying habits. With development in AI/ML technologies, we will see lot of solutions shifting to industry focused analytics. As far as automation is concerned, we have already seen a lot of progress in the area of RPA. Vendors are now working on automating tasks for the users of Analytic solutions. While there are tasks such as Data Preparation, Integration and model building that can be automated and vendors have already started working on them, there will always be tasks that cannot be fully automated such as interpreting the data or data visualizations. We are already seeing transport industry being disrupted by self-driving cars, caregiver robots in healthcare industry such as Robear to assist in recovery of patients, and use of drones in agriculture industry. With progress in AI/ML technology, we will also see cognitive functions being part of the automation process,”




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