After the era of self-service analytics, it's now the era of augmented analytics.
The rise of self-service analytics was driven by the idea of giving business users the capabilities to work with data without requiring the skills of a trained data scientist or data analyst.
It was about giving them tools such as dashboards and other data visualizations that enabled them to look at pre-aggregated data and make data-driven decisions on their own, in the moment, without first having to consult with data experts.
Now, however, analytics is moving beyond self-service.
Fueled by augmented intelligence capabilities and machine learning, vendors are developing tools that enable business users to do more than simply look at pre-aggregated data to inform their decisions. They're developing capabilities that enable users without expertise in data science to do some of the tasks that previously required the skills of a data scientist.
Augmented analytics capabilities are now enabling organization to develop data-driven cultures and give business users the tools to prepare their own data, develop their own data models, query their own data, build and run their own reports, and even get automated insights that lead to action.
"We're coming out of the self-service era," said Doug Henschen, principal analyst at Constellation Research, on Aug. 11 during a webinar hosted by analytics vendor Tellius. "Now, the trends are around augmented capabilities, which are bringing the ability of the computer to the fore. This is what's shaping the market today."
We're coming out of the self-service era. Now, the trends are around augmented capabilities, which are bringing the ability of the computer to the fore. This is what's shaping the market today. Doug HenschenPrincipal analyst, Constellation Research
And according to Henschen, four emerging augmented intelligence capabilities in particular -- augmented data preparation, guided analysis, natural language processing and smart predictions -- are moving analytics beyond self-service and into its new era.
"Not all of these are used by everybody," Henschen said. "Some are still aimed at the traditional analysts and power users, while some are aimed at broadening the tent and getting to more business users."
Augmented data preparation tools are capable of automating the tedious, time-consuming process of wrangling the right data for a given project, and then extracting, transforming and loading that data to make it actionable and drive decisions.
Using machine learning algorithms, they're capable of both lightening the workload for data scientists and enabling business analysts to manipulate data on their own.
"Augmented data prep is [mostly] for traditional users -- analysts and power users -- who like to get hands-on and are data-savvy and comfortable," Henschen said. "The idea is improving their productivity, helping them take on more of the data prep and data engineering tasks that would otherwise be done by IT departments."
Key features of augmented data preparation tools include automated data profiling, formatting and cleansing recommendations, data-join recommendations and data governance measures, Henschen added.
Among the analytics vendors offering augmented data preparation tools are Tableau with Tableau Prep Builder and Microsoft with Power BI's Dataflows. Meanwhile, data management vendors including Trifacta and Alteryx are automating the data preparation process.
Guided and intent-driven analysis is augmented by analytics capabilities aimed at providing a data workflow for users who aren't particularly data-savvy.
Guided analysis tools automatically direct users as they navigate the steps of data analysis, providing a roadmap for them to follow as they explore their data with the goal of arriving at a data-driven decision.
"They're very helpful," Henschen said. "They help more ordinary business users, but also improve the productivity of more traditional users to help them do things more quickly."
Intent-driven analysis tools, meanwhile, go a step further and use machine learning to understand the habits of individual users, users within certain departments and even users across entire organizations to make recommendations.
"These are powerful features that help broaden the tent of data and analytics to more users that may not be familiar with all the nuances of exploration," Henschen said.
Tellius, which has a tool called Guided Insights, is one vendor offering guided analysis and ThoughtSpot is among those offering automated recommendations as users work with their data.
Natural language processing (NLP) eliminates the need to know code.
By simply typing words into a search bar or even speaking into a device, users can search and query their data and receive automatically-generated responses from their analytics tools.
The tools are able to automatically translate the natural language -- most often English but also other prominent European and Asian languages, depending on the vendor -- into SQL to run the requested search or query and then translate responses back into natural language.
"It's definitely a tent-broadener, bringing more people into data and analytics," Henschen said. "They're certainly comfortable having a Google-like experience."
NLP also includes natural language generation -- using AI and machine learning to produce narratives about data, whether data stories or short explanations of the data.
"A lot of business users aren't sure what they're looking at when they see a dashboard; they're not sure what to make of a data visualization, so natural language generation develops a paragraph describing what's important in the dashboard or report," Henschen said. "It's drawing on the metadata behind the scenes and giving a textual description."
Most analytics vendors now offer some NLP capabilities. For example, Qlik acquired NLP capabilities with its 2019 acquisition of Crunch Data, while Yellowfin is among the vendors providing NLG capabilities.
Predictive analytics involves using the past to predict the future. Based on historical patterns, what can be expected next?
Predictive analytics, however, is complex, and has historically required data scientists to build and train models.
But now, using augmented analytics capabilities including automated machine learning, business users can use their BI platforms to look forward rather than just back at what's already happened, and do so without having to write code.
More advanced users, meanwhile, can also make use of smart predictive features and enable others within their organizations by embedding those predictions within dashboards so they're consumable by anyone who works with data as part of their workflow.
"It brings a broader base of users to predictive capabilities and predictive insights," Henschen said.
And that, ultimately, is the focus of augmented analytics. Using AI and machine learning, augmented analytics tools are designed to broaden the reach of analytics beyond trained data analysts and data scientists to give business users the power to make data-driven decisions.
See the rest here:
Augmented analytics capabilities mark the new era of BI - TechTarget
- Global Data Science Platform Market Report 2020 Industry Trends, Share and Size, Complete Data Analysis across the Region and Globe, Opportunities and... [Last Updated On: November 11th, 2020] [Originally Added On: November 11th, 2020]
- Data Science and Machine-Learning Platforms Market Size, Drivers, Potential Growth Opportunities, Competitive Landscape, Trends And Forecast To 2027 -... [Last Updated On: November 11th, 2020] [Originally Added On: November 11th, 2020]
- Industrial Access Control Market 2020-28 use of data science in agriculture to maximize yields and efficiency with top key players - TechnoWeekly [Last Updated On: November 11th, 2020] [Originally Added On: November 11th, 2020]
- IPG Unveils New-And-Improved Copy For Data: It's Not Your Father's 'Targeting' 11/11/2020 - MediaPost Communications [Last Updated On: November 11th, 2020] [Originally Added On: November 11th, 2020]
- Risks and benefits of an AI revolution in medicine - Harvard Gazette [Last Updated On: November 11th, 2020] [Originally Added On: November 11th, 2020]
- UTSA to break ground on $90 million School of Data Science and National Security Collaboration Center - Construction Review [Last Updated On: November 11th, 2020] [Originally Added On: November 11th, 2020]
- Addressing the skills shortage in data science and analytics - IT-Online [Last Updated On: November 11th, 2020] [Originally Added On: November 11th, 2020]
- Data Science Platform Market Research Growth by Manufacturers, Regions, Type and Application, Forecast Analysis to 2026 - Eurowire [Last Updated On: November 11th, 2020] [Originally Added On: November 11th, 2020]
- 2020 AI and Data Science in Retail Industry Ongoing Market Situation with Manufacturing Opportunities: Amazon Web Services, Baidu Inc., BloomReach... [Last Updated On: November 11th, 2020] [Originally Added On: November 11th, 2020]
- Endowed Chair of Data Science job with Baylor University | 299439 - The Chronicle of Higher Education [Last Updated On: November 11th, 2020] [Originally Added On: November 11th, 2020]
- Data scientists gather 'chaos into something organized' - University of Miami [Last Updated On: November 11th, 2020] [Originally Added On: November 11th, 2020]
- AI Update: Provisions in the National Defense Authorization Act Signal the Importance of AI to American Competitiveness - Lexology [Last Updated On: January 12th, 2021] [Originally Added On: January 12th, 2021]
- Healthcare Innovations: Predictions for 2021 Based on the Viewpoints of Analytics Thought Leaders and Industry Experts | Quantzig - Business Wire [Last Updated On: January 12th, 2021] [Originally Added On: January 12th, 2021]
- Poor data flows hampered governments Covid-19 response, says the Science and Technology Committee - ComputerWeekly.com [Last Updated On: January 12th, 2021] [Originally Added On: January 12th, 2021]
- Ilia Dub and Jasper Yip join Oliver Wyman's Asia partnership - Consultancy.asia [Last Updated On: January 12th, 2021] [Originally Added On: January 12th, 2021]
- Save 98% off the Complete Excel, VBA, and Data Science Certification Training Bundle - Neowin [Last Updated On: January 12th, 2021] [Originally Added On: January 12th, 2021]
- Data Science for Social Good Programme helps Ofsted and World Bank - India Education Diary [Last Updated On: January 12th, 2021] [Originally Added On: January 12th, 2021]
- Associate Professor of Fisheries Oceanography named a Cooperative Institute for the North Atlantic Region (CINAR) Fellow - UMass Dartmouth [Last Updated On: January 12th, 2021] [Originally Added On: January 12th, 2021]
- Rapid Insight To Host Free Webinar, Building on Data: From Raw Piles to Data Science - PR Web [Last Updated On: January 12th, 2021] [Originally Added On: January 12th, 2021]
- This Is the Best Place to Buy Groceries, New Data Finds | Eat This Not That - Eat This, Not That [Last Updated On: January 12th, 2021] [Originally Added On: January 12th, 2021]
- Which Technology Jobs Will Require AI and Machine Learning Skills? - Dice Insights [Last Updated On: January 12th, 2021] [Originally Added On: January 12th, 2021]
- Companies hiring data scientists in NYC and how much they pay - Business Insider [Last Updated On: January 12th, 2021] [Originally Added On: January 12th, 2021]
- Calling all rock stars: hire the right data scientist talent for your business - IDG Connect [Last Updated On: January 12th, 2021] [Originally Added On: January 12th, 2021]
- How Professors Can Use AI to Improve Their Teaching In Real Time - EdSurge [Last Updated On: January 12th, 2021] [Originally Added On: January 12th, 2021]
- BCG GAMMA, in Collaboration with Scikit-Learn, Launches FACET, Its New Open-Source Library for Human-Explainable Artificial Intelligence - PRNewswire [Last Updated On: January 12th, 2021] [Originally Added On: January 12th, 2021]
- Data Science Platform Market Insights, Industry Outlook, Growing Trends and Demands 2020 to 2025 The Courier - The Courier [Last Updated On: January 31st, 2021] [Originally Added On: January 31st, 2021]
- UBIX and ORS GROUP announce partnership to democratize advanced analytics and AI for small and midmarket organizations - PR Web [Last Updated On: January 31st, 2021] [Originally Added On: January 31st, 2021]
- Praxis Business School is launching its Post Graduate Program in Data Engineering in association with Knowledge Partners - Genpact and LatentView... [Last Updated On: January 31st, 2021] [Originally Added On: January 31st, 2021]
- What's So Trendy about Knowledge Management Solutions Market That Everyone Went Crazy over It? | Bloomfire, CSC (American Productivity & Quality... [Last Updated On: January 31st, 2021] [Originally Added On: January 31st, 2021]
- Want to work in data? Here are 6 skills you'll need Just now - Siliconrepublic.com [Last Updated On: January 31st, 2021] [Originally Added On: January 31st, 2021]
- Data, AI and babies - BusinessLine [Last Updated On: January 31st, 2021] [Originally Added On: January 31st, 2021]
- Here's how much Amazon pays its Boston-based employees - Business Insider [Last Updated On: January 31st, 2021] [Originally Added On: January 31st, 2021]
- Datavant and Kythera Increase the Value Of Healthcare Data Through Expanded Data Science Platform Partnership - GlobeNewswire [Last Updated On: January 31st, 2021] [Originally Added On: January 31st, 2021]
- O'Reilly Analysis Unveils Python's Growing Demand as Searches for Data Science, Cloud, and ITOps Topics Accelerate - Business Wire [Last Updated On: January 31st, 2021] [Originally Added On: January 31st, 2021]
- Book Review: Hands-On Exploratory Data Analysis with Python - insideBIGDATA [Last Updated On: January 31st, 2021] [Originally Added On: January 31st, 2021]
- The 12 Best R Courses and Online Training to Consider for 2021 - Solutions Review [Last Updated On: January 31st, 2021] [Originally Added On: January 31st, 2021]
- Software AG's TrendMiner 2021.R1 Release Puts Data Science in the Hands of Operational Experts - Yahoo Finance [Last Updated On: January 31st, 2021] [Originally Added On: January 31st, 2021]
- The chief data scientist: Who they are and what they do - Siliconrepublic.com [Last Updated On: January 31st, 2021] [Originally Added On: January 31st, 2021]
- Berkeley's data science leader dedicated to advancing diversity in computing - UC Berkeley [Last Updated On: January 31st, 2021] [Originally Added On: January 31st, 2021]
- Awful Earnings Aside, the Dip in Alteryx Stock Is Worth Buying - InvestorPlace [Last Updated On: February 12th, 2021] [Originally Added On: February 12th, 2021]
- Why Artificial Intelligence May Not Offer The Business Value You Think - CMSWire [Last Updated On: February 12th, 2021] [Originally Added On: February 12th, 2021]
- Getting Prices Right in 2021 - Progressive Grocer [Last Updated On: February 12th, 2021] [Originally Added On: February 12th, 2021]
- Labelbox raises $40 million for its data labeling and annotation tools - VentureBeat [Last Updated On: February 12th, 2021] [Originally Added On: February 12th, 2021]
- How researchers are using data science to map wage theft - SmartCompany.com.au [Last Updated On: February 12th, 2021] [Originally Added On: February 12th, 2021]
- Ready to start coding? What you need to know about Python - TechRepublic [Last Updated On: February 12th, 2021] [Originally Added On: February 12th, 2021]
- Women changing the face of science in the Middle East and North Africa - The Jerusalem Post [Last Updated On: February 12th, 2021] [Originally Added On: February 12th, 2021]
- Mapping wage theft with data science - The Mandarin [Last Updated On: February 12th, 2021] [Originally Added On: February 12th, 2021]
- Data Science Platform Market 2021 Analysis Report with Highest CAGR and Major Players like || Dataiku, Bridgei2i Analytics, Feature Labs and More KSU... [Last Updated On: February 12th, 2021] [Originally Added On: February 12th, 2021]
- Data Science Impacting the Pharmaceutical Industry, 2020 Report: Focus on Clinical Trials - Data Science-driven Patient Selection & FDA... [Last Updated On: February 12th, 2021] [Originally Added On: February 12th, 2021]
- App Annie Sets New Bar for Mobile Analytics with Data Science Innovations - PRNewswire [Last Updated On: February 12th, 2021] [Originally Added On: February 12th, 2021]
- Data Science and Analytics Market 2021 to Showing Impressive Growth by 2028 | Industry Trends, Share, Size, Top Key Players Analysis and Forecast... [Last Updated On: February 12th, 2021] [Originally Added On: February 12th, 2021]
- How Can We Fix the Data Science Talent Shortage? Machine Learning Times - The Predictive Analytics Times [Last Updated On: February 14th, 2021] [Originally Added On: February 14th, 2021]
- Opinion: How to secure the best tech talent | Human Capital - Business Chief [Last Updated On: February 14th, 2021] [Originally Added On: February 14th, 2021]
- Following the COVID science: what the data say about the vaccine, social gatherings and travel - Chicago Sun-Times [Last Updated On: February 14th, 2021] [Originally Added On: February 14th, 2021]
- Automated Data Science and Machine Learning Platforms Market Technological Growth and Precise Outlook 2021- Microsoft, MathWorks, SAS, Databricks,... [Last Updated On: February 14th, 2021] [Originally Added On: February 14th, 2021]
- 9 investors discuss hurdles, opportunities and the impact of cloud vendors in enterprise data lakes - TechCrunch [Last Updated On: February 14th, 2021] [Originally Added On: February 14th, 2021]
- Rapid Insight to Present at Data Science Salon's Healthcare, Finance, and Technology Virtual Event - PR Web [Last Updated On: February 14th, 2021] [Originally Added On: February 14th, 2021]
- Aunalytics Acquires Naveego to Expand Capabilities of its End-to-End Cloud-Native Data Platform to Enable True Digital Transformation for Customers -... [Last Updated On: February 22nd, 2021] [Originally Added On: February 22nd, 2021]
- Tech Careers: In-demand Courses to watch out for a Lucrative Future - Big Easy Magazine [Last Updated On: February 22nd, 2021] [Originally Added On: February 22nd, 2021]
- Willis Towers Watson enhances its human capital data science capabilities globally with the addition of the Jobable team - GlobeNewswire [Last Updated On: February 22nd, 2021] [Originally Added On: February 22nd, 2021]
- Global Data Science Platform Market 2021 Industry Insights, Drivers, Top Trends, Global Analysis And Forecast to 2027 KSU | The Sentinel Newspaper -... [Last Updated On: February 22nd, 2021] [Originally Added On: February 22nd, 2021]
- A Comprehensive Guide to Scikit-Learn - Built In [Last Updated On: February 22nd, 2021] [Originally Added On: February 22nd, 2021]
- Industry VoicesBuilding ethical algorithms to confront biases: Lessons from Aotearoa New Zealand - FierceHealthcare [Last Updated On: February 22nd, 2021] [Originally Added On: February 22nd, 2021]
- How Intel Employees Volunteered Their Data Science Expertise To Help Costa Rica Save Lives During the Pandemic - CSRwire.com [Last Updated On: February 22nd, 2021] [Originally Added On: February 22nd, 2021]
- Learn About Innovations in Data Science and Analytic Automation on an Upcoming Episode of the Advancements Series - Yahoo Finance [Last Updated On: February 22nd, 2021] [Originally Added On: February 22nd, 2021]
- Symposium aimed at leveraging the power of data science for promoting diversity - Penn State News [Last Updated On: February 22nd, 2021] [Originally Added On: February 22nd, 2021]
- Rochester to advance research in biological imaging through new grant - University of Rochester [Last Updated On: February 22nd, 2021] [Originally Added On: February 22nd, 2021]
- SoftBank Joins Initiative to Train Diverse Talent in Data Science and AI - Entrepreneur [Last Updated On: February 22nd, 2021] [Originally Added On: February 22nd, 2021]
- Participating in SoftBank/ Correlation One Initiative - Miami - City of Miami [Last Updated On: February 22nd, 2021] [Originally Added On: February 22nd, 2021]
- Increasing Access to Care with the Help of Big Data | Research Blog - Duke Today [Last Updated On: February 22nd, 2021] [Originally Added On: February 22nd, 2021]
- Heres how Data Science & Business Analytics expertise can put you on the career expressway - Times of India [Last Updated On: March 14th, 2021] [Originally Added On: March 14th, 2021]
- Yelp data shows almost half a million new businesses opened during the pandemic - CNBC [Last Updated On: March 14th, 2021] [Originally Added On: March 14th, 2021]
- Postdoctoral Position in Transient and Multi-messenger Astronomy Data Science in Greenbelt, MD for University of MD Baltimore County/CRESST II -... [Last Updated On: March 14th, 2021] [Originally Added On: March 14th, 2021]
- DefinedCrowd CEO Daniela Braga on the future of AI, training data, and women in tech - GeekWire [Last Updated On: March 14th, 2021] [Originally Added On: March 14th, 2021]
- Gartner: AI and data science to drive investment decisions rather than "gut feel" by mid-decade - TechRepublic [Last Updated On: March 14th, 2021] [Originally Added On: March 14th, 2021]
- Jupyter has revolutionized data science, and it started with a chance meeting between two students - TechRepublic [Last Updated On: March 14th, 2021] [Originally Added On: March 14th, 2021]
- Working at the intersection of data science and public policy | Penn Today - Penn Today [Last Updated On: March 14th, 2021] [Originally Added On: March 14th, 2021]
- The Future of AI: Careers in Machine Learning - Southern New Hampshire University [Last Updated On: April 4th, 2021] [Originally Added On: April 4th, 2021]
- SMU meets the opportunities of the data-driven world with cutting-edge research and data science programs - The Dallas Morning News [Last Updated On: April 4th, 2021] [Originally Added On: April 4th, 2021]
- Data, Science, and Journalism in the Age of COVID - Pulitzer Center on Crisis Reporting [Last Updated On: April 4th, 2021] [Originally Added On: April 4th, 2021]