Tuesday, November 23, 2021

4 Phases of Analytics Evolution: From Spreadsheets to AI Workbenches - Joel K. Shapiro, Kellogg-Northwestern

What lies ahead for business leaders looking to incorporate data analytics?  Today, AI tools and workbenches allow you to click your way to some pretty advanced modeling techniques, without requiring any knowledge of coding or programming language. That’s certainly not to imply that everyone can be a data scientist. But business professionals today can have AI at their fingertips for making data-based projections. Sometimes, it’s as simple as clicking a button that says “predictor.” To put this in perspective, let’s examine the four phases of data-analytics technology for the businessperson—three that brought us to this point, and one on what lies ahead.

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