Information is crucial in business today. After all, you can have a competitive advantage when you’ve got timely and relevant data.
But spotting these trends takes some time and effort. When reviewing thousands of data points, how do you determine which one is more significant than the rest?
Fortunately, AI tools can help with trend analysis. They can be especially useful for managers, business development teams, and even data analysts themselves to process raw data.
With that, here are 5 useful AI tools for business trend analysis.
Looking for data is challenging. Sometimes, a simple search engine query is not enough to find what you’re looking for — especially if you need industry-specific data.
Make your search easier with Qlik Sense. Qlik sense can find what you’re looking for in just a few clicks.
You can use search-based analysis that generates data visualizations with a few keywords. Or simply input your instructions or prompts into the chat to show relevant data.
On top of your query, it also shows associative insights and recommended associations for additional data relevant to your search.
There’s a surplus of information out there. You can find valuable data on social media, the news, customer engagement, and more.
But do you have the time to track all these data sources? And even if you do, can you process them in a timely manner?
Free up your time with the Meltwater AI tool. Meltwater is an integrated social solutions tool that does most of the groundwork for you.
It has a media monitoring tool that analyzes online news, social media, print, broadcast, and podcasts in your industry.
Social listening tools are also available to gain insight into your target market’s consumer sentiment.
It’s a powerful data-gathering tool that can give you real-time data for your clients’ next big decision.
Microsoft Power BI
Do you have raw data collected by your company? Or maybe you have historical data from your past operations?
Processed correctly, you might find hidden trends that your competitors are not aware of. After all, the data is collected in-house. But these would take some time to process.
You can use Microsoft Power BI to save time. Microsoft Power BI can integrate data from Excel files, Azure, and other platforms. And it automatically creates reports and insights for your analysis.
How do you present data to your clients? Sometimes, showing a graph or a chart works well so that they can easily understand the trends. But generating these can be quite tedious, especially if you have to export large data sets.
Try out the Polymer AI tool for this purpose. You can upload your data sets from an Excel file, social media analytics, and more. And it transforms these data sets into customizable databases.
Afterwards, you can easily create data visualizations fit to present to your clients.
IBM Cognos Analytics
Can you predict the future? That’s a trick question, no one can.
But when you have the right data, you can make intelligent guesses and act accordingly.
However, it can be quite complicated and laborious to create reliable forecasts. Enter IBM Cognos Analytics.
Aside from the data visualization tools, IBM Cognos Analytics can create forecasts and predict outcomes based on the data you upload. It can even explain why these things can happen in the future. Nifty, right?
With the advanced AI Tools mentioned above, you can definitely analyze data faster – whether for you or for your clients.
But you still need human intervention to act on these data properly. That’s why data analyst online jobs are still in demand today.
So if you’re looking for career opportunities in this field, sign up through Remote Staff for the best online job listings for Filipinos.
Remote Staff offers long-term remote working opportunities in different industries.
And when you equip yourself with AI tools, you’ll definitely be more sought-after as a data analyst in the long run. Cheers!