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AI analytics is the product of automating data analysis—a traditionally time-consuming and people-intensive task—using the power of today’s artificial intelligence and machine learning technologies. In addition to structured data sources, AI is increasingly able to analyze unstructured data, via the use of AI analytics tools such as natural language processing (NLP), speech analytics transcription and computer vision for image and video analytics.
The ability of AI systems to analyze data autonomously has multiple business benefits. Chief among them is reducing the labor cost of data scientists and other highly paid and limited-availability analytics professionals. Other benefits of using AI in analytics include: