There is a common assumption in people running small business that only large enterprises need or can realistically use artificial intelligence (AI) applications for their business. This could be because of various reasons such as affordability, utilization, efficiency etc. but it doesn’t have to be true with Microsoft power BI, every business can benefit from the introduction of AI into their operations and the cost of these applications can be much lower than you might think.
The best all-around application to get your business on the road to AI is Microsoft Power BI. Power BI is a business analytics tool from Microsoft that accepts data from a variety of inputs and combines them to produce reports, dashboards, graphs, and analytics quickly and with a minimum of technical knowledge. Since Power BI runs on Microsoft’s Azure platform, it can access many of Azure’s AI and ML tools and apply them to your organization’s data.
Microsoft Power BI is an easy to use tool that makes a wide variety of Business Intelligence tools available to small and mid-sized companies. Power BI can access many of the AI and ML tools from Microsoft’s Azure platform. With an assortment of inexpensive alternatives, there is no reason that all businesses cannot benefit by including them into their day to day operations. Companies can start by automating their routine tasks to reduce errors and free up valuable resources for more meaningful tasks.
Even in a small organization of five or ten employees, the AI can be productive, help to reduce errors, and also save money in many aspects. It can help in doing a Repetitive Tasks. There could be tasks that are repetitive and which has the potential to be automated such as, routine task in accounts payable or accounts receivable in such case AI can jump in to resolve manual errors, this will also free up a valuable resource to help out in other areas.
Business analysis and business intelligence allows to use historical and current data to gain critical insights and then apply them strategically. Corporate Performance Management (CPM) then adds the process, methodologies, metrics, and systems used for managing the performance of your business thus helping in analytics.
Power BI can be used to identify patterns from images, documents, social media feeds, and more in order to recognize objects within images, identify sentiment, and detect phrases, helping businesses extract actionable insights from their data. Azure also helps Power BI perform key driver analysis to track metrics and key performance indicators (KPIs) to identify and understand the factors that influence these metrics. Azure Machine Learning provides a no-code option for Power BI users to build their own ML models.
As you see, there are many places where AI and ML can help you and your organization thrive and keep pace with your competitors who are already leveraging these technologies. Contact us today on email@example.com to discuss how we can make AI work for you.