Data-driven decision-making will create €2500Bn business value. High uncertainty and slower growth have already forced industrial businesses to make the most obvious changes to squeeze every asset for maximum value. The next asset they have to leverage is their data.
According to Gartner, using data for decision-making would create an astounding €2500 billion in business value. In that Business Intelligence context, the last big move is named Augmented Analytics. Indeed, Augmented analytics platforms are using Artificial Intelligence and Machine Learning, to automate tasks that previously required data expert skills. According to Gartner, Augmented Analytics is the next fundamental trend that will bring self-service analytics to business users.
Today, only 20% of the insights needed are produced. The main problem is that only data experts (IT, data analysts, data scientists) can produce the insights business users (engineers, technicians, managers, etc.) need. This creates a gigantic decision-making bottleneck with a current limit of 20% Insight Rate (IR).
Anasen is the only company that will provide an 80% IR. Founded in 2014, Anasen will enter the market with a unique innovation: an AI-powered platform smart enough to reason like a data expert and guide casual business users with contextual recommendations. As a result, any regular business user can produce their own insights, when they need it, leading to an unprecedented 80% Insight Rate.
By today, our innovation allows any business user, without advanced data skills or training, to produce insights from data himself, an unseen feature in the current competitive landscape.
Funded by the European Commission under grant agreement No 850221, the INVIOO project aims at industrializing this innovation.
The output of the project will be an enterprise-grade platform that will be commercialized by early 2021 allowing business users to build and share insights by themselves and therefore better leverage data for day-to-day decision making.
