Using data to inform decisions has long been a practice. However, if you’ve been striving for deeper insights, you might have discovered the limitations of traditional methods. To truly become data-centric, you need to adopt new approaches, tools, and technologies.
This is where artificial intelligence and machine learning take center stage. Integrating AI into your data management system works wonders. This embedded approach can significantly improve database query accuracy and performance while optimizing resource allocation.
Furthermore, advancements in data platforms designed to specifically support AI initiatives can accelerate the development of AI-powered applications & the construction of intricate data models. This blog will discuss why enterprises should see AI as a critical aspect of data management & how Informatica’s CLAIRE GPT is a new age solution.
The Growing Importance of AI
AI Advantages for Data management
Automate Mundane Tasks
Do you spend countless hours cleansing and organizing complex datasets? AI tirelessly identifies and corrects errors, removes duplicates, and formats your data consistently. You free up your team to focus on strategic analysis.
Drive Insights You Never Knew Existed
AI systems can understand and interpret data in context, considering various factors such as time, location, and user behavior. This contextual understanding enables AI to provide more nuanced insights and recommendations tailored to specific business needs. AI employs sophisticated analytics techniques, including machine learning algorithms and neural networks, to analyze structured and unstructured data. These algorithms can identify complex patterns and relationships within the data and reveal insights that may not be apparent through manual analysis alone.
Experience Seamless Data Integration
Picture effortlessly connecting data from diverse sources - CRM, marketing tools, social media - to create a unified view of your customers. Sounds great, right? AI automates the mapping of data points across systems and ensures data consistency. You achieve a streamlined data flow, enabling you to gain comprehensive insights into customer behavior across all touchpoints.
Plan proactively with prediction capabilities
Artificial intelligence predicts future trends and customer behavior based on historical data analysis. It can identify patterns and predict what's likely to happen next. Here’s how it translates to specific industries:
Example 1: Retail companies can use AI to analyze past purchase history, demographics, and browsing behavior to predict which customers are most likely to make repeat purchases. They can tailor targeted marketing campaigns to high-value customer segments and proactively reach out to at-risk customers with loyalty programs or win-back offers.
Example 2: Manufacturing businesses can leverage AI to analyze historical sales data, production cycles, and supplier information and predict potential supply chain disruptions. Manufacturers can proactively adjust inventory levels, source alternative materials, or negotiate with suppliers to mitigate potential delays and ensure customer satisfaction.
What is CLAIRE GPT?
CLAIRE GPT is industry’s first generative AI-powered tool for data management. Launched at Informatica’s 2023 Las Vegas conference, CLAIRE GPT is a groundbreaking offering that enables businesses to leverage the potential of natural language for data management.
The innovative solution, seamlessly integrated with Informatica’s Intelligent Data Management Cloud, allows enterprise users to interact with their data like never before. Imagine querying, processing, managing, and analyzing vast datasets – all through simple, intuitive language prompts.
Image Source: VentureBeat
Traditionally, data analysis has been a domain reserved for those with technical expertise like SQL. But CLAIRE’s natural language interface empowers even non-technical business users to work with data. ClAIRE GPT eliminates the need for complex coding, democratizes data access, and unlocks intelligent insights for users across departments. Informatica estimates that with CLAIRE’s capabilities, data classification time can be almost halved, data discovery can accelerate by up to a hundredfold, and productivity may see a boost of up to 20% or beyond.
Image Source: Informatica
Claire GPT Empowers Every User on the Data Journey!
Data Architects:
Research says that 74% of companies face difficulty in accessing the right data. Data discovery stands optimized with CLAIRE. The tool acts like a search engine for data assets, allowing users to quickly find the information they need. But CLAIRE doesn’t stop there. It can also automate the process of building data pipelines. This means less time wrestling with technical details and more time focusing on extracting valuable insights.
Data Scientists:
Getting up to speed on new datasets can be a slow process. A recent industry report by Anaconda emphasizes a critical challenge – data preparation and cleansing consume significant time for data scientists and blocks their ability to focus on core analytical tasks. Enter CLAIRE GPT! It helps understand data faster by providing insights and summaries through natural language interaction.
Data Stewards:
CLAIRE GPT automatically identifies relevant terms within datasets and links them to the organization’s glossary. This ensures consistent terminology and enables better data discoverability. Plus, it automatically tracks data lineage and provides a clear picture of where the data comes from and how it’s transformed.
Business Users & Analysts:
A PWC study indicates that by 2035, AI will drive a 40% boost in productivity, and CLAIRE’s self-service access to trusted data is a prime example of this transformative potential. Users need specific data to answer a critical business question, but navigating a vast data lake can feel like searching for a needle in a haystack.
CLAIRE steps in as an intelligent shopping guide. It empowers business users and analysts to “shop” for trusted, relevant data through a user-friendly cloud data marketplace. CLAIRE doesn’t just help find data; it recommends datasets based on user needs and provides contextual insights to understand the data’s meaning.
Step up your data management strategy with LumenData – Informatica’s Global Delivery Channel Partner of the Year 2023
We are a proud Platinum Partner with Informatica and have done more SaaS MDM implementations than any other partner. LumenData has developed robust tools for modernization initiatives, serving as Informatica’s Preferred Partner for MDM and PowerCenter Migration. Our accelerators are tailored for various migration scenarios, including CDGC migration, UCM to SaaS MDM migration, Informatica on-prem to SaaS MDM, and PowerCenter to CDI.
Start a conversation with us today.
Authors
Shalu Santvana
Content Crafter
Mohd Imran
Senior Consultant
