Business Intelligence (BI) & Analytics companies spend significant resources getting a broad set of users to adopt their platforms. To fuel growth, these companies focus on delighting their users with innovative offerings that make it even easier and quicker for anyone to gain insight into their businesses.
But data literacy doesn’t come overnight, and less technical people often find it challenging to correctly draw the right insights from the visualizations. In addition, experts spend a significant amount of time analyzing massive amounts of data and creating reports for senior management, other team members, and customers, leaving less time to conduct value-add analysis.
Since our inception, we at Narrative Science set out to solve this problem – to make valuable information locked in charts, graphs, and data easily accessible to anyone, anywhere. While there is no shortage of vendors providing exceptional solutions for data analysis and visualization, we sought to disrupt the way people consume and communicate data insights to others.
Our vision is to truly democratize data analytics and empower whole organizations, regardless of skill set and role, to leverage actionable data.
Announcing the Narratives for Business Intelligence API
Today, we’re thrilled to announce the public launch of our Narratives for Business Intelligence API. Now, any BI & Analytics company can quickly and easily integrate advanced natural language generation (NLG) into its platform. This revolutionary technology, which is powered by artificial intelligence, automatically transforms charts, graphs, and data into dynamic, Intelligent Narratives.
We aren’t alone in our belief that NLG is table stakes for business intelligence. Gartner predicts that, “By 2019, natural-language generation will be a standard feature of 90% of modern BI platforms.” (Predicts 2017: Analytics Strategy & Technology, 2016).
The BI and NLG duo presents endless possibilities for companies to innovate. Companies can leverage the API to:
Broaden adoption of business intelligence by enabling users of all skillsets to more easily understand and act upon data insights.
Enhance smart data discovery capabilities by helping users identify and communicate what is most important in their data and visualizations via intuitive narratives fueled by advanced analytics.
Strengthen the mobile experience by making it easier to consume BI on the phone, on the go. Instead of zooming in to interpret dashboards, users simply scroll through insightful, actionable text.
Power conversations, allowing users to access data insights through voice or text. Instead of manually interpreting sophisticated dashboards to find relevant information, users can simply ask – or type – questions and receive intelligent explanations in return.
We can’t wait to see what our innovative partners do next, as they continue to drive innovative product development to disrupt BI with NLG.