Slow data is a business hazard. Fortunately, more organizations are shifting to AI solutions to mitigate this menace. Yet, 150 executives working at leading North American and European companies highlighted in a 2023 McKinsey survey reveal that many organizations are still struggling to figure out AI implementation at scale. Approximately 24% have piloted use cases, whereas 63% are still in the exploratory stage. Several companies need more clarity regarding the value they can accrue from AI. This prompts organizations to deprioritize AI investment over others.
However, an 2024 Gartner study assert that AI holds the key to rapid business transformation. 4,684 technology consumers in the survey expressed a strong willingness to buy AI-powered tools and software to gain a competitive advantage in businesses. We can safely say that AI-led business transformation is your key to expediting success.
AI offers multiple business-enhancing capabilities and products. Understanding the unique business needs and selecting the right AI solution and approach is critical to achieving AI-led enhanced business optimization.
Evoke’s Enterprise Data Analyzer (EEDA) is one such powerful solution designed to enable organizations to accelerate the building of IDP solutions. Our Enterprise Data Analyzer also possesses intuitive AI-powered Chatbot assistance to fulfill customer queries. Read the blog to determine which AI solution is for you and discover how our custom-built accelerator Enterprise Data Analyzer can expedite your decision-making with faster data insights.
The 4 Major Concepts: Know What is Your Technology Solution?
Lack of clarity between the technology concepts incurs unnecessary costs and confusion, which, in turn, restricts organizations from achieving AI investment gains. Take a quick look at the list below to decide which technological solution is for you:
Custom code
This ‘hand-built’ technology is ideal for companies with unique needs, special data, and distinct business logic from the majority. Skilled developers can quickly adjust infrastructure, convert data, and set up the technology solution based on customer feedback. However, it needs continuous adaptation and maintenance, and it becomes a legacy technology the moment it is completed, leading to incurred costs.
Frameworks
An agency framework helps companies to develop innovative solutions quickly and is cost-effective. However, proper alignment with the agency’s methodology and commitment to selected systems are essential. A clear idea of ‘best practices’ is necessary to avoid costly complications and the potential lock-in challenges. For instance, Evoke’s experts assist companies in assessing their business needs and curating robust frameworks to develop front-end web applications.
Products
SaaS (Software as a Service) products can be challenging as they also possess frameworks. Products are good for companies willing to adapt innovative technology, ensuring its alignment with the organization’s workflows. With the right product, companies get multiple ‘out of the box’ best practices to reap maximum benefits.
Accelerators
An accelerator is a pre-built package of solutions and code designed to address specific business challenges. While businesses may face lock-in with long-term commitments to certain vendors, accelerators are ideal for companies seeking faster time-to-value and efficient solutions. If you’re looking to streamline document analysis and data search, Evoke’s Enterprise Data Analyzer is the perfect optimization accelerator to meet your needs.
Evoke’s Enterprise Data Analyzer (EEDA)
Evoke’s Enterprise Data Analyzer (EEDA) is an advanced custom-built optimization accelerator. It empowers companies to build solutions that analyze documents like contracts and datasets, generate reports, and promptly answer user questions. Equipped with codes and updated solutions, our pre-built accelerator Data Analyzer caters to your unique business needs and goals.
Best Features of Enterprise Data Analyzer (EEDA)
- AI-Driven Query Responses: Efficiently handles user queries using advanced AI services.
- Integration with Internal Data: Seamlessly access documents, excel files, and databases to provide accurate information.
- Streamlined Information Retrieval: The Data Analyzer quickly retrieves and presents relevant data to users, reducing search time.
- Self-Learning and Adaptation: Continuously improve response accuracy and relevance based on consumer interactions and feedback.
Top Benefits of EEDA
- Increased Efficiency and Improved Accuracy: Evoke’s Enterprise Data Analyzer utilizes up-to-date internal data for precise responses, enhancing the solution-building process.
- Faster Decision-Making: Accelerate your decision-making processes with quick access to critical information.
- Cost Savings: Our Enterprise Data Analyzer Automate routine queries and save costs with reduced need for human intervention.
- Enhanced Productivity: It allows staff to focus on more valuable tasks and strategic initiatives.
- Boost Procurement Efficiency: Integration of EEDA with the Procurement AI Assistant for domain combination significantly enhances its versatility for manufacturing customers. You can apply EEDA’s capabilities to analyze procurement data across multiple industries, ensuring the AI Assistant provides tailored recommendations and insights for diverse domains. This approach enables an in-depth, comprehensive vendor and raw material analysis, considering domain-specific factors.
In conclusion, in today’s fast-paced business environment, making informed decisions quickly is essential for staying ahead of the competition. Evoke’s Enterprise Data Analyzer (EEDA) is designed to streamline your data analysis, providing your team with immediate access to actionable insights from diverse sources. With its powerful AI capabilities, seamless integration, and customizable features, EEDA not only accelerates decision-making but also boosts efficiency, reduces costs, and enhances productivity across your organization.
For technology decision-makers seeking to optimize operations, EEDA offers a robust solution that can drive long-term business transformation. It is more than just a tool; it’s an accelerator that helps your team stay agile and responsive, ensuring that your business can seize opportunities faster and smarter.
Ready to take your data-driven decision-making to the next level? Connect with our experts to discover how Evoke’s Enterprise Data Analyzer can help you unlock the full potential of your data, driving success and empowering your organization to achieve new growth milestones.
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