Wednesday, February 22, 2023

Unlocking the Power of Data through Instant and Auto Insights: Tesser Insights' Perspective

Introduction

In today's data-driven world, businesses are constantly seeking new and innovative ways to leverage their data to drive growth and profitability. However, with the vast amounts of data being generated every day, analyzing and making sense of this data can be a daunting and time-consuming task. That's where Tesser Insights comes in with its groundbreaking Actionable Insights (TAI) feature. In this blog post, we'll take a closer look at TAI and how it is revolutionizing the way businesses analyze and leverage their data.

Tesser Actionable Insights (TAI)

One of Tesser Insights' standout features is Tesser Actionable Insights (TAI), an innovative tool that automatically analyzes your data and provides actionable insights in real-time. TAI generates insights based on your data and helps you identify relationships between different attributes, detect outliers, and predict future outcomes.

To initiate TAI, you can start during the Define Dataset process or later from the Analyze section or Data Catalog section. Once TAI is initiated, a new tab "Actionable Insights" will appear in the Analyze section. In this section, you'll find a summary of the insights that TAI has generated based on your data.

TAI's key feature is its ability to identify key influencers affecting your data. For example, if you have a dataset of sales figures, TAI might identify that the time of year and the marketing budget are the two key influencers affecting sales. If you increase the marketing budget during a specific time of year, TAI will show you how this will likely impact your sales.

In addition to identifying key influencers, TAI also suggests predictive analysis models that you can use to predict future outcomes. For example, if you have a dataset of customer data, TAI might suggest a predictive model that predicts which customers are most likely to churn.

TAI also includes a "Ask a Question" section that allows you to ask questions about your data and receive immediate answers. For example, you could ask "What is the average sales in January?" and TAI will provide you with an answer based on your data.

Use cases for TAI

The benefits of TAI go beyond just generating insights quickly. By providing a data-driven approach to decision-making, TAI helps businesses make informed decisions that are grounded in evidence. This leads to better outcomes and can drive competitive advantages over time.

TAI is particularly useful in a number of industries where rapid insights can be critical to success.

For example, in the retail industry, TAI can help businesses understand which products are performing well and why enabling them to optimize their inventory and pricing strategies.

In healthcare, TAI can help hospitals and clinics analyze patient data to identify trends and patterns that can lead to improved health outcomes.

In the finance industry, TAI can help identify potential fraud, reduce risk, and optimize investment strategies. In manufacturing, TAI can help identify quality issues and reduce downtime by predicting machine failures.

Conclusion: 

In conclusion, Tesser Insights' TAI is an innovative feature that empowers businesses to generate instant, actionable insights. With its ability to identify key influencers, suggest predictive analysis models, and answer questions in real time, TAI can help businesses make informed decisions that drive competitive advantages. And with its potential applications in a wide range of industries, TAI has the potential to revolutionize the way companies approach data-driven decision-making.

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