A data-driven organization is no longer just a vision but an emerging reality, with data literacy and democratization, advanced Data Analytics being propelled by AI Infused Data Analytics. It is not just limited to that, but organisations can benefit from faster implementations,
AI Infused Data analytics is becoming a Game changer when it comes to automated Data management. The complex tasks like Data Discovery, Data Transformation, Data Modelling, Managing unstructured data like text, images, pdfs, forms and more, are all set to change with Large Language models or Generative AI.
Imagine a future where you can pose a straightforward question to a data platform, like “Why did my sales jump, and what factors affected it?” and instantly receive comprehensive answers. Such a transformative change is not just a figment of our imagination. The fusion of AI infused Data analytics and Large Language Models (LLMs) like OpenAI’s GPT series is turning this into a reality.
We are at an inflection point in technology, and artificial intelligence is driving this transformation. Leading from the front is Generative AI. Many of us have experienced the magic of Chat GPT, leaving us both spellbound and amazed. Now, envision that magic applied to Data Analytics. Consider the immense value it could bring to businesses and the corporate realm. Data integrations, building a data lake, Managing Data silos & getting rid of repetitive tasks, gaining huge cost savings, and of course faster ROI. The best benefit of Generative AI is human like access to Data insights or Dashboarding or analytics.
Among the forefront of these advancements are Large Language Models (LLMs) like GPT-3, which exhibit an astounding ability to understand, generate, and interact with human language. How to begin with LLMS and Generative AI in your organisation and what Impact it will bring, Check the SCIKIQ Webinar on YouTube
The Synergy of AI and Analytics
In the era of big data, the sheer volume of information can be overwhelming. Traditional data analytics methods often struggle to keep up, especially when real-time decisions are required. AI-enhanced analytics tools have the ability to process vast datasets at unprecedented speeds, extracting meaningful insights and making predictions with incredible accuracy.
Large Language Models, in particular, bring a unique advantage to the table. Instead of just processing numbers, they can understand and generate human-like text. This allows businesses to interact with their data in natural language, making the analytical process more intuitive and accessible to those without a technical background.
Benefits of working with Large Large Language Models (LLMS)
Integrating a Data Management Platform (DMP) with Large Language Models (LLMs) like GPT-4 or other LLMS offers several compelling benefits. Below is a bit brief perspective on the integration of Complete Data Management Platforms (DMPs) like SCIKIQ with LLMs and the huge benefits this combination offers.
Centralized Data Management
The integration of a DMP with an LLM brings together the best of both worlds: the structured organization and analysis of data with the advanced natural language understanding capabilities of LLMs. A DMP serves as a centralized repository for diverse data sources, ensuring consistency and accessibility. When this structured data management is combined with the natural language processing (NLP) prowess of an LLM, it results in a powerful tool for interpreting and generating human-like text from structured data. Which means you can now ask pertinent questions to the Data itself and it will provide answers. Rather than looking at dashboards and analysing data yourself, the LLMS or chat will provide you the anomalies, the insights you have been looking forward to.
Improved Data Quality and Data Generation
DMPs are instrumental in improving the quality of data through cleansing and enrichment. This high-quality data then feeds into LLMs, which can generate insightful and accurate content. This is what we do at SCIKIQ, If there is a table is mismatched fields, missing titles, tags and so on, Integration with Generative AI will complete the missing data points as accurately as you need it to be. This ability of LLMs to create Data points/content is amplifies the quality of data provided by the DMP.
Compliance, Security, and Data Governance
While leveraging the combined power of Data management platforms and LLMs, it’s also crucial to address compliance with data privacy regulations like GDPR. LLMs can assist the Data Management platforms in ensuring that content and data processing adhere to these regulations.
Analysing Unstructured data
Despite the vast amounts of unstructured data generated in the corporate world, it remains under-utilised or minimally analyzed. Surveys indicate that up to 80-90% of the data within organizations is unstructured, encompassing formats like Documents, PDFs, emails, social media posts, customer reviews etc. LLMs can extract meaningful insights, trends, and patterns, which are often missed by traditional data analysis methods. SCIKIQ has tested this for various formats like
Understanding Context
The key to decision making is Understanding Data and the context of the Data points, so that Business professionals like CEO, Marketing and sales teams & operations take decision which customer at the centre of it. LLMS can help the context establish with ease helping people to understand the situations of consumer behaviour.
With Data Management Platforms (DMPs) and Large Language Models (LLMs) like GPT-4, it’s a game-changer in how we handle and interpret data. This powerful combination is reshaping the tech landscape, bringing together the best of structured and Unstructured data management with cutting-edge AI. It’s now all about getting deeper, Analysing all the organisational Data and not just a fraction of it, more meaningful insights from data, making smarter decisions, and offering experiences that really resonate with people.
Talk to SCIKIQ Team and see how it can change the Data management in your company.
