AI/ML

How AI is revolutionizing data analytics: Latest breakthroughs

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onixadmin

Artificial intelligence (AI) is propelling data analytics to new heights and enabling unprecedented opportunities to extract value from data.

One of the most exciting areas is natural language processing (NLP). Previously, analyzing unstructured text data was a challenge, but AI algorithms like Google’s BARD and Open AI’s GPT-4 demonstrate human-level language understanding, allowing us to process text data for sentiment analysis, topic extraction, summarization, and more. For instance, JP Morgan uses NLP for contextual analysis of earnings calls to generate trading signals, while The New York Times uses NLP to recommend related articles based on text semantics.

AI models can now analyze images and videos as well as humans, enabling geospatial analytics, facial recognition, and other techniques to be applied to new data sources. For example, analytics can be run on a computer vision system to analyze cell phone footage and detect anomalies and trends in manufacturing facilities.

AI excels at crunching numbers too. Advanced machine learning techniques like deep neural networks uncover hidden insights in structured data that evade traditional analytics. Neural network-based recommender systems have become ubiquitous at companies like Netflix and Amazon, predicting user preferences. Reinforcement learning allows analytics systems to adapt their models on the fly based on new data. Generative adversarial networks (GANs) also show promise in creating highly realistic synthetic datasets for model training and simulation.

However, it’s the combination of multiple AI technologies that is truly disruptive. AGI systems like Anthropic’s Claude integrate conversational NLP, reinforcement learning, planning, and common sense reasoning to deliver next-generation cognitive assistance for augmented analytics. These AI assistants proactively guide and collaborate with human analysts, enhancing the potential for transformative insights.

Google Cloud has been integrating AI and machine learning capabilities into its data analytics and cloud services, providing customers with powerful tools to unlock insights from their data. For example, Google’s BigQuery ML allows users to create and execute machine learning models in BigQuery without moving data elsewhere. Vision AI, Video AI, and Natural Language AI APIs enable applications to understand unstructured data like images, video, and text. Customers like Snap, Lending Club, and Betterment use these pre-trained AI models to extract insights from non-numerical data and drive user engagement. Google Cloud also offers AutoML tools like Vision AutoML, Video Intelligence AutoML, Natural Language AutoML, and Tables AutoML to automate the AI model building process, making it accessible to users with limited data science expertise.

By integrating AI throughout its cloud platform, Google Cloud delivers intelligent analytics and machine learning capabilities at scale. The pay-as-you-go pricing model democratizes access to these innovations, allowing organizations of any size to leverage the power of AI. The result is AI-driven analytics that reveal valuable insights from big data and unlock new opportunities.

Onix Data Analytics solution helps customers capture, manage, process, and visualize their data so they can use it to quickly generate valuable insights. Onix also helps customers unify their data into one cohesive dashboard so employees across the organization can use it effectively.

Here are some of the specific benefits that Onix Data Analytics solution can provide for customers:

Increased agility: Onix can help customers quickly adapt to changing market conditions by providing them with the insights they need to make informed decisions.
Freedom from legacy technologies: Onix can help customers move away from legacy technologies that are no longer fit for purpose.
Faster innovation: Onix can help customers innovate faster by providing them with the tools and data they need to develop new products and services.
Reduced cost of licensing and total cost of ownership (TCO): Onix can help customers reduce the cost of licensing and TCO by providing them with fully-managed data and analytics services.
Proven tools, methodologies, and expertise: Onix has a proven track record of helping customers succeed with data analytics.

Onix Data Analytics solution can help customers at every stage of the data journey, from data collection and preparation to analysis and visualization. Onix can help customers transform their businesses from legacy environments to data-driven organizations. If you are looking for a way to gain a competitive advantage, Onix can help you by providing you with the data analytics solutions you need to succeed.

The potential of AI and AGI is immense. Imagine a future AGI that can synthesize insights across data silos in natural language, identify gaps in reporting, and recommend new experiments to fill those gaps. With responsible development and human-AI collaboration, we can unlock unprecedented insights and create value from data like never before.

Reference:

Here is the reference link on how JPMC uses NLP and predictive analytics – “https://emerj.com/ai-sector-overviews/ai-at-jp-morgan/“.