Pyramid Analytics perspectives from the Gartner D&A Summit 2023
At the 2023 Gartner Data and Analytics Summit, Pyramid Analytics highlighted major industry shifts toward unified platforms combining data science, machine learning, and business intelligence, emphasized the transformative role of generative AI like ChatGPT integrated into analytics workflows for code generation and enhanced visualizations, and underscored the emerging focus on decision intelligence encompassing decision support, augmentation, and automation.
Before addressing the major themes that emerged from the 2023 Gartner Data and Analytics Summit in Orlando, it's worth noting the high energy and anticipation in the data and analytics space. With many standing-room-only sessions and constant activity at the Pyramid Analytics booth, it's clear that data and analytics leaders are seeking solutions for the future. Several significant shifts are occurring in the industry, reflected in the following themes:
- Data science, machine learning, analytics, and business intelligence platforms are converging into unified platforms.
- Generative AI (such as ChatGPT) represents a major evolution in augmented analytics as vendors incorporate it into analytics workflows.
- The next leap in data and analytics is decision intelligence, including decision support, decision augmentation, and decision automation.
According to Gartner, within the next three years, 50 percent of organizations will be evaluating analytics, business intelligence, and data science platforms as “all-in-one” platforms. This convergence marks a significant industry shift. Pyramid Analytics has anticipated this trend, having built its platform as a unified solution for data preparation, data science, and business analytics.
What’s Next in Analytics?
Generative AI, especially ChatGPT, was a major topic at the conference. It was frequently mentioned in conversations, and major analytics platform providers announced new capabilities. Pyramid Analytics announced the ability to leverage ChatGPT directly in their platform for generating code for queries (SQL, MDX, etc.) and AI/ML modeling (Python, R, etc.), as well as invoking business modeling functions in the new Tabulate module and using natural language for enhancing dashboards and visualizations.
ChatGPT describes itself as follows:
“Generative AI can be a valuable tool for analytics and business intelligence, as it can help organizations make better decisions by generating insights from large datasets.”
ChatGPT cites use cases such as data synthesis, anomaly detection, predictive analytics, customer segmentation, sentiment analysis, and trend analysis. It claims that generative AI has the potential to revolutionize analytics and business intelligence by providing new insights and improving decision-making processes.
Pyramid Analytics views Generative AI (ChatGPT) as an ally and a game changer, aiming to responsibly integrate its innovations into their augmented analytics platform for the benefit of data and analytics professionals.
Governance and Semantic Models
Governance was a recurring topic at the event, mentioned in nearly every conversation, including those about innovations like Generative AI. Gartner predicts that by 2026, 20 percent of large enterprises will use a single data and analytics governance platform.
Semantic models, a longstanding core element of the industry, also received renewed attention. There was increased focus among prospects on core capabilities such as query performance, semantic models, dashboards, and embedding.
Pyramid Analytics: Looking to the Future
As a pioneer in the Decision Intelligence category, Pyramid Analytics welcomed the summit's focus on Decision Intelligence, which was described as “The Next Leap for Data, Analytics and AI.” With an emphasis on augmenting decisions, prescriptive analysis comes into focus through techniques like constraint optimization, simulation, and what-if analysis. Pyramid has incorporated these capabilities into its platform with Tabulate and Solve.
With advanced NLQ (Natural Language Query), NLG (Natural Language Generation), and chatbot capabilities, Pyramid is leveraging language technologies for higher-order decisions, which Gartner noted as breaking down communication barriers to make analytics more accessible.
Pyramid Analytics aligns well with the major themes and market trends highlighted at the Gartner D&A 2023 Summit. The energy and engagement at the summit were tangible, signaling a major shift underway in the industry as organizations seek solutions for the future.
Pyramid looks forward to being part of that journey.
If you have additional perspectives on the summit, feedback is welcomed.