Organizations all over the world are changing and evolving at a lightning pace to take advantage of new technologies as they become available. One area that is particularly dynamic right now is Business Intelligence, or BI. You might be used to consuming BI data in the form of weekly or monthly metrics that IT or your data scientists deliver to you. However, modern BI and Analytics allows you to become much more than just a data consumer. That brings us to our first trend.
As enterprises turn to artificial intelligence (AI) to beef up business performance and drive competitive advantage, IBM is working to make analytics, data science and machine learning – the core of AI – more accessible and easy for any organization, large or small, via the cloud. It's no surprise that large organizations understand the value of AI. When dealing with and managing massive data volumes that swell with each day, capabilities like data science and machine learning, can provide business insights fast allowing strategies to be confirmed or adjusted. In fact, a new IBM Institute for Business Value study reported that 82 percent of enterprises are considering AI deployments. But as I talk with clients, I've found that data insights often follow the path of least resistance – when discovered, word spreads fast.
Secure electronic banking, ubiquitous mobile technology, and an overwhelming volume of financial information available in an instant has created a demanding global audience of banking consumers -- along with endless opportunities for financial institutions to reshape themselves into lean, customer-centric organizations. But only if they have the banking analytics they need to make truly data-driven decisions. It might seem like the self-service business intelligence (BI) tools that have entered the marketplace in the last decade could enable this. These tools do create beautiful dashboards that look compelling and give everyone from branch managers to banking executives a snapshot answer to "What is happening?" in their branches, regions, and global markets. Naturally, it is good to know what's happening.
Built on a proven BI platform, today's Cognos Analytics is powerfully enhanced with Artificial Intelligence and Natural Language dialogue capabilities that help you tell more compelling data stories, while being easier to use than ever. Cognos Analytics v11.1, driven by AI, opens analytics to business users with guided data preparation & advanced analytics, to rapidly uncover and deliver new insights, and to share their findings across the enterprise for better business decisions. With rich managed reporting and reliable analytics governance, Cognos Analytics changes the BI game with AI. We look forward to virtually meeting you.
IBM (NYSE:IBM) has launched a new Watson initiative, called "Project DataWorks." For growing revenues and profitability, modern businesses depend on extracting insights from data, which is an extremely complex job. Project DataWorks is a comprehensive solution aiming to eliminate the complexities. Project DataWorks is available on IBM's cloud platform Bluemix. I believe this new offering will help IBM significantly grow its business analytics revenue, which was 17.9 billion in 2015.