Data Management
10 April 2024

Power BI and AI, a super duo!

The digitization of business processes not only has great advantages in efficiency, quality and delivery reliability. With the large collection of business data, many more benefits can be achieved in the medium to longer term. However, it is a matter of organizing your business operations very well and deploying the right combination of resources. This involves the golden triangle of digital registration forms from a practical quality management system, Business intelligence (BI) analysis tools and finally applying capabilities with Artificial Intelligence (AI). But it always starts with a good solid foundation.

 

Good data is the basis for continuous improvement

During the execution of work within various business processes, a lot of information is created. The data can be critical to the execution of business processes, but is also sometimes simply informative. In day-to-day operations, there will be an immediate reaction or action if this data is leading. In fact, the CAPA process may need to be initiated. In a well-functioning quality management system, these deviations are analyzed for trending causes and an assessment is made whether there are no systematic systemic failures in the organization. Examples include inadequate training or conflicting interests. In this way, the quality system contributes to continuous improvement of the organization. The quality of the data, however, must be impeccable.

 

Combining data with power BI

The possibilities for optimizing business processes and improving communication within an organization go hand in hand. Operational data ultimately leads to a financial result which in turn is a very important input for management to determine strategy. The closer one is to the ball, the faster one can intervene if necessary. This does require data from different perspectives, which is why more and more organizations are combining data with current information sources from different applications. For example, using item codes or project numbers, one can visually visualize financial or logistical data from an ERP system, combined with operational deviations, in actual BI dashboards.

So there is no more need to think about whether the data is correct, one can immediately draw their own conclusions or start a discussion based on uniform data. That’s quite an improvement step, quite apart from the administrative time savings. But with smart information management, many more wonderful possibilities are going to become available in the near future. Artificial Intelligence is knocking on the door!

 

AI, opportunity or threat?

With more and more good data from different sources, it is interesting to explore the possibility of hidden connections. Processing large amounts of data is something mathematical algorithms are much faster and better at than humans. However, what organizations can do with this depends in part on human interpretation, even if the data is perfect. Creativity, imagination and follow-through are typical human traits that cannot be imitated, or can hardly be imitated yet. With generative AI, admittedly, models are already being used to generate new content such as text and videos. Large companies are working to quickly create competitive proposals for tenders from existing data. But it also seems realistic to use generative AI for training materials in the form of videos and prescriptions, for example. Especially nice if this can be generated from in-house corporate data.

 

Data mining, the new gold

No matter how you look at it, every organization will have to deal with these technological developments. The speed of implementation of the various capabilities will depend heavily on the size of the organization and the segment of service. Yet for all enterprises, from small to very large, the important prerequisite about quality of business data continues to apply. It must be accurate, unambiguous and quickly available throughout the organization. Good information management, transparent communication structures and committed, knowledgeable employees will start to make the difference. Now, but also in the near future.

LeanForms as a foundation

LeanForms plays a crucial role within the super trio of digitization, Power BI and AI. As a practical quality management system, LeanForms provides a solid foundation for digital registration forms, enabling companies to accurately capture and manage critical data.

By integrating LeanForms with Power BI, organizations can combine operational data with current information sources, resulting in advanced BI dashboards for better insights and faster decision-making. In addition, LeanForms lays a solid foundation for AI applications by ensuring high-quality and consistent data, allowing organizations to take advantage of the full potential of AI in their pursuit of continuous improvement.

Want to learn more about this? Find out how LeanForms can help your organization unlock the full potential of digitization, BI and AI. Contact us or request a no-obligation demo.

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