Cognitive Business Intelligence is the next big thing for analyzing data: Experts

While artificial intelligence is making waves globally, Cognitive Business Intelligence (BI) is the next stage of machine learning to design and analyze unstructured data, video, images and human language, say experts. According to them, we are generating data but is this data being analyzed to create insights which could help in running businesses more effectively is the real concern for businesses. "This potential can be leveraged using Business Intelligence. Using BI, we can understand what really the data means," said Nikhilesh Tiwari, Co-Founder, Helical Insight, the world's first open source Business Intelligence (BI) framework. At the moment, less than 0.5 percent of all data is ever analyzed and used globally.