While doing work for my firm and visualizing reports and charts.I thought "why don't I share some insightful impact of AI in our lives for decision making?"
Here's sharing some points-
Automating Tasks-
1. Data cleaning and report generation
2. Meeting summaries and documentation
3. Drafting documents
Enhancing Analysis-
1. Identifying patterns and anomalies in data
2. Predicting trends and potential risks
3. Data visualization
4. Customer segmentation and personalization
Improving Communication-
1. Gathering requirements from customer feedback
2. Communicating complex data to stakeholders
3. Automating process models and workflows
Other Benefits-
1. Knowledge management
2. Risk assessment
3. Scenario planning
Key Points-
1. AI augments BA skills, doesn't replace them
2. Focus on automating repetitive tasks and enhancing analysis
3. Use AI ethically and responsibly
AI Tools-
ChatGPT for requirement elicitation and modeling, Tableau and Power BI for data visualization, Alteryx and DataRobot for predictive modeling and workflow automation, and platforms like BlazeSQL and ThoughtSpot that simplify data analysis through natural language queries.
By using AI, business analysts can work more efficiently and focus on strategic tasks.
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