How is artificial intelligence (AI) transforming data analytics and enhancing business intelligence?
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Artificial Intelligence (AI) is like a super-smart helper that can look at lots of information very quickly and tell us important things about it. Imagine you have a huge box of LEGO bricks, and you want to build something cool. But there are so many bricks that it’s hard to know where to start. AI is like a super-fast robot friend who can look at all the bricks in the box, find the best ones for your project, and even suggest what you could build.
In data analytics, AI helps businesses look at all the data they have, like sales numbers, customer information, and website visits, and find patterns and trends. For example, AI can tell a toy store which toys are selling the most and what time of year people buy certain toys. This helps the store know what to stock up on and when.
For business intelligence, AI can help companies make smart decisions. It can predict what might happen in the future, like which new toy might become popular. This means businesses can plan better and make choices that help them grow and succeed. AI turns a lot of confusing numbers into clear, helpful advice, just like a wise friend helping you with your LEGO project.