Ventana Research Analyst Perspectives

Natural Language Processing Enables Self-service Analytics & BI

Posted by David Menninger on Mar 2, 2022 3:00:00 AM

Natural language processing (NLP) is a field that combines artificial intelligence (AI), data science and linguistics that enables computers to understand, interpret and manipulate text or spoken words. NLP includes generating narratives based on a set of data values, using text or speech as inputs to access information, and analysing text or speech, for instance, to determine its sentiment. There are various techniques for interpreting human language, ranging from statistical and machine learning (ML) methods to rules-based and algorithmic approaches. In this perspective, we will focus on two aspects of NLP: natural language query (NLQ), which offers the ability to use natural language expressions to discover and understand data, and natural language generation (NLG), which uses AI to produce written or spoken narratives from a dataset. NLQ and NLG enable business personnel to communicate information needs with business intelligence (BI) systems more easily.

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Topics: Big Data, Analytics, natural language processing, NLP

Artificial Intelligence and Machine Learning in Business Applications

Posted by Robert Kugel on Oct 26, 2017 7:18:51 AM

The application of artificial intelligence (AI) and machine learning (ML) to business computing will have a profound impact on white collar professions. This is especially true in heavily rules-based functions such as accounting. Companies recognize the transformational potential of AI and ML, but the progression and pace of the adoption of these technologies is unclear. Some applications of AI and ML are already in use but others are a decade or more away from replacing human tasks.

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Topics: Big Data, Machine Learning, Office of Finance, Analytics, CFO, finance, CEO, AI, accountants, NLP, Accounting