MicroStrategy is a long-standing business intelligence and analytics vendor that operates worldwide. Founded in 1989, this publicly traded company with hundreds of millions of dollars in revenue recently held its first in-person conference since prior to the pandemic. Similar to previous in-person events, the event was well attended by about 2,000 attendees and exhibitors. The theme, “MicroStrategy One,” is a way to explain the breadth of capabilities the company offers. The breadth of the product offering is one of the company’s greatest strengths, but also one of its biggest challenges.
Topics: embedded analytics, Analytics, Business Intelligence, Digital Technology, natural language processing, Analytics & Data
Artificial intelligence (AI) has evolved from a highly specialized niche technology to a worldwide phenomenon. Nearly 9 in 10 organizations use or plan to adopt AI technology. Several factors have contributed to this evolution. First, the amount of data they can collect and store has increased dramatically while the cost of analyzing these large amounts of data has decreased dramatically. Data-driven organizations need to process data in real time which requires AI. In addition, analytics vendors have been augmenting business intelligence (BI) products with AI. And recently, ChatGPT has raised awareness of AI and instigated research and experimentation into new ways in which AI can be applied. This perspective, the second in a series on generative AI, introduces some of the concepts behind ChatGPT, including large language models and transformers. Understanding how these models work can help provide a better understanding of how they should be applied and what cautions are necessary.
Topics: Analytics, Digital Technology, natural language processing, AI & Machine Learning, Analytics & Data