Optimizing decisions: Modern Data Stack and artificial intelligence in action

8
min
Created in:
Aug 9, 2024
Updated:
8/9/2024

Artificial Intelligence (AI) and the Modern Data Stack (MDS) are technologies that are becoming increasingly essential to optimize decisions in companies. 

Both complement each other: the Modern Data Stack is a methodology that transforms data management, making it flexible, practical and accessible. 

Artificial Intelligence, on the other hand, transforms data into insights, enabling better forecasting, process automation and much more. 

In this article, we'll explore how these components, when combined, can leverage organizations to make the best decisions. 

Keep reading to learn how to implement these technologies and transform your company. 

What is the Modern Data Stack?

The Modern Data Stack is Indicium's methodology for creating a data platform that enables greater governance, agility and efficiency in data storage, processing and analysis.  

Nowadays, every company generates a large volume of data. That's why investing in a robust infrastructure that is prepared to manage this information is very important. 

With Modern Data Stack, you can combine tools that perform different functions, creating a data platform and data products tailored to your company. 

The benefits? 

Lower costs, greater scalability and autonomy, as well as analytical maturity, which results in competitive advantages in the market. 

With an excellent data platform, your company can start investing in other business intelligence (BI) technologies to further boost its growth, such as artificial intelligence. 

Artificial intelligence to optimize decisions

Artificial intelligence is transforming companies through assertive trend forecasting, process automation and generation of actionable insights.  

Keep reading to learn more about its benefits. 

Predictive analysis

This consists of using machine learning (ML) algorithms to predict future trends and behavior based on the company's historical data. 

Predictive analysis enables more informed decision-making based on accurate data, helping to improve efficiency, reduce risks and harness new opportunities.

Process automation

AI can automate repetitive and time-consuming tasks, increasing the accuracy of results and reducing human effort in processes.

It also saves time and reduces costs by making tasks more practical and faster. 

Automated processes also guarantee consistency in production and improve quality maintenance.

In addition, AI algorithms are able to monitor data in real time and detect anomalous patterns, which can indicate problems such as fraud or operational failures.

Personalized experiences

By analyzing large volumes of data, AI can personalize customer interactions in real time, improving service efficiency. 

It is also possible to improve shopping experience by analyzing buyer behaviors, customizing offers, suggestions and more, which increases brand loyalty.

Indicium's generative AI and MDS solutions

As you’ve seen, artificial intelligence and the Modern Data Stack are technologies that are becoming increasingly essential to optimize decisions in companies.

Get to know their functions and advantages below, and see how they can optimize your company's day-to-day operations. 

Analytics Helper

This is the perfect solution for companies that want to obtain business insights faster, improving decision-making and operational efficiency. 

The Analytics Helper is an AI connected to the company's data platform and its communication systems (such as Slack, Teams and Zoom). It allows people to ask questions via chat and receive information based on data analysis

Also, the system learns from interactions over time, improving its responses and accuracy. 

Enterprise Knowledge Navigator 

Enterprise Knowledge Navigator is a solution made for companies that want to make it easier for employees to access corporate information, such as procedures and policies. 

Connected to the company's IT infrastructure, this tool allows you to ask questions in natural language and receive answers based on the company's existing documentation and databases, reducing search time. 

Project Manager Assistant 

The Project Manager Assistant tool is essential for those who want to optimize their company's project management

This AI is connected to management systems, allowing project managers to get real-time updates and guidance for improvements and escalation. 

With this tool, the company can reduce delays and increase the efficiency of project execution.  

Learning Assistant 

The Learning Assistant improves access and interaction with corporate training materials, facilitating learning and the practical application of acquired knowledge.

This assistant is connected to the company's training platform and allows employees to consult it to find and interact with content. 

This way, it stimulates employees to consume information and reduces the time spent searching for training. 

MDS with AI: improved efficiency

Applying the Modern Data Stack and integrating artificial intelligence can transform decision-making in companies. 

This combination increases efficiency and unlocks valuable insights, enabling constant innovation through data-driven strategies

Organizations that adopt these technologies become data-driven, and are well positioned to lead their market and stay ahead with innovations. 

And Indicium can help your company adopt these technologies. 

Contact our experts now and start your Data-Driven Journey.

Tags:
Generative AI
Modern Data Stack
Indicium

Alana Casacio

Marketing Intern

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