Narrowing the AI-BI Gap with Exploratory Analysis

The worlds of AI and BI occupy distinct places in the analytics continuum, which is most often understood with concepts like descriptive analytics, predictive analytics, and prescriptive analytics. Users can leverage descriptive analytics and BI tools to explore what happened in the past, while predictive analytics makes use of ML models trained on real-world data to generate an educated guess about what will happen next. However, the lines separating these two camps are getting more blurry by the month. For years, Gartner has talked about how BI tool vendors are adding more ML and AI capabilities to their wares. In its latest Magic Quadrant for Analytics and BI Platforms, the firm talked about how the next generation of "augmented analytic" products will bring ML and AI to bear on things like data prep, query generation, and insight generation.