As Q3 approaches, businesses face the critical task of forecasting and planning to ensure continued growth and adaptability. Data analysis has emerged as a pivotal tool in navigating these challenges, providing valuable insights that drive informed decision-making. “Everybody needs data literacy because data is everywhere.
It’s the new currency, it's the language of the business. We need to be able to speak that,” , President and CEO of Aryng, reportedly said in an interview quoted in 2021. By leveraging advanced analytics, companies can predict market trends, optimize operations, and align their strategies with emerging opportunities.
Today, this article explores how businesses can use their data to succeed in Q3 planning. The integration of artificial intelligence (AI) into data analysis processes has revolutionized how businesses forecast and plan for Q3. AI lets businesses process large amounts of data with unprecedented speed and accuracy to uncover patterns and insights that human analysis might miss.
“Most organizations struggle to analyze the ocean of data they collect. This is because nearly 90% of data is unstructured or has no defined schema,” , CTO of Vertica, wrote in Forbes in 2023. “AI and machine learning (ML) technologies will allow businesses to analyze this unstructured data in a smarter and faster way.
” AI can also continuously learn from and adapt to new data inputs, making it a dynamic asset in the ever-changing business environment. This a.