The majority of business models make significant use of real-time analytics, which are burdened with the responsibility of delivering individualised consumer experiences to companies that demand everything "right now." In spite of this movement, there are still certain companies in operation today that rely on historical databases rather than real-time data. In this fast-shifting data-centric environment, such businesses can find it challenging to arrive at a choice. Continuous intelligence (CI) is all about achieving frictionless cycle time in order to draw continuous and better business value from all data, which might be the strategy that such companies use.
How is it different from Big Data to use Continuous Intelligence?
The processing of big data is known as "data wrangling," which entails collecting information from various sources, both internal and external, and storing it on a single platform so that it may be utilised for analytics as well as other reasons. To make the data usable, however, requires a significant amount of work and resources to go through the data wrangling process. The process is improved by incorporating a module of data wrangling into the workflow, which necessitates the presence of a workforce that is knowledgeable about data in order to function properly. This ultimately causes the process to go more slowly, and organisations wind up needing to devote time just to make value out of the data that they have received.
CI is an advancement in big data in that it does not require users to add an additional step to the process in order to exploit its data processing capabilities. This makes it an attractive alternative to big data. CI is a process of seamless data engineering which automatically fetches data from numerous sources as well as allows enterprises to make use of them whenever they are required to do so.
Which type of intelligence should you pursue more—business intelligence or continuous intelligence?
Your company will be able to benefit from continuous, insightful data derived from any and all sources thanks to continuous intelligence, which is a solution that is seamlessly driven by AI. Your company can better match intelligent data with the ongoing intention to discover new insights with the support of data patterns that are uncovered through continuous intelligence. CI can help reduce the impact of human bias and is supported by AI, and ML, as well as the selection of appropriate data for training.
Tools for business intelligence (BI) do not make use of machine learning or artificial intelligence, in contrast to Continuous Intelligence. Business intelligence places a significant emphasis on skills and anticipates (data literate) individuals to guide the BI tool during all phases of the process, beginning with the collection and integration of data and continuing on through interpretation. Additionally, in contrast to CI, BI was not conceived as a means to expedite the process of gaining access to information or data.
Continuous Intelligence is a solution that can be relied on to provide organisations with proactive help when those businesses want to routinely extract insights from the relevant databases.
How can your business benefit from the use of CI?
Over half of all significant new business systems will employ continuous intelligence by 2022, says Gartner, and this will make better use of real-time context data to guide choices. There are multiple ways in which continuous intelligence might benefit your company. The availability of data in real-time is a difficulty for most businesses, thus streamlining your data in order to gain continuous insights is essential. Companies that amass large amounts of data frequently lack a mechanism for turning that data into useful insights. In this way, the data may be streamlined and brought to the appropriate location so that continuous models in AI can be used, or continuous intelligence can be derived, from the data.
CI reduces the need for any sort of human intervention in a wide range of IT processes, allowing your team to work faster and more effectively. The IT staff can be saved from the constant barrage of alerts they receive from various monitoring tools. Even if a notification isn't immediately ignored, it may take weeks or months to resolve. With a large amount of data, an automation system driven by Machine Learning can recognise patterns, reduce alert fatigue, shorten resolution times, and improve the quality of the workflow as a whole. As more data is analysed, it will be able to foresee potential problems and plan accordingly. Finding the monitoring technologies that aren't being used to their full potential can help remove roadblocks to information flow and put continuous intelligence to greater use.
Improve your cyber defences by using CI in your anti-fraud and anti-hacking strategies. There are many ways in which an expert could fail to spot a cybersecurity danger. A CI system powered by AI and ML can provide a bold or dynamic response to the danger and take action on it based on many data points without interfering with business as usual. When necessary, it can also notify the human analyst in charge of the function, saving that person a great deal of time and effort.