Today in the digital era, a huge amount of data occurs in a matter of seconds. But raw data is simply noise. Where the magic of Data Analytics and Machine Learning occurs to convert noise into a valuable tool for organizations, we at Nexxora Inc. have the expertise of making irrelevant data into significant and executable insights via our advanced Machine Learning solution.

With the integration of Artificial Intelligence (AI) and Machine Learning (ML) capabilities, Nexxora assists businesses in moving beyond what has already occurred by predicting what is likely to happen.

Importance of Data Analytics and Machine Learning in Intelligent Businesses

In a competitive market, speed and precision are paramount. This is where data analytics and machine learning come into picture, allowing businesses to analyse large data inputs at a rapid pace and generate valuable insights. By using AI/ML, businesses can analyse market dynamics and take proactive measures accordingly.

Adding machine learning-based predictive analytics capabilities to businesses opens doors for forecasting trends and analysing customer behaviour. This intelligence-based model helps turn traditional business into an agile and data-driven business organization.

The AI/ML ecosystem at Nexxora is based on two primary pillars of intelligent Business System:

•  Data Analytics, which is the acquisition, cleansing and analysing of data to identify trends.
• Machine Learning, which is a subfield of AI, that makes it possible for a system to learn from its data and becomes more intelligent over time without being explicitly programmed.

While traditional analytics are useful for describing the past, Nexxora’s machine learning predictive analytics give organisations the benefit of being able to move into predictive and prescriptive modes. The Nexxora framework for AI/ML is secure, scalable and adaptable to your needs, and it provides the capability to carry out complex analysis with liveliness to provide immediate results.

Nexxora’s Leadership in Advanced Analytics

Speed and accuracy are the most important characteristics in today’s competitive environment. Nexxora provides a differentiating feature of providing an end-to-end machine learning solution, focused on Operational Excellence.

Real Time Processing: With Nexxora, the AI/ML enables the analysis to be performed without human involvement and allows organisations to take action on their insights instantly.

Structured and Unstructured Data: With Nexxora’s algorithms, we can identify hidden insights in text, image, and video data that would be missed with the manual process.

Agility: Nexxora provides the tools to convert traditionally slow-moving organisations to rapid, data-driven leaders.

Strategic Applications: The Nexxora Advantage

1. Future-proofing with Predictive Analytics

Using predictive analytics as a foundation helps today’s decision-makers, including Nexxora’s customers, to better anticipate future events. By using machine learning tools for predictive analysis, Nexxora provides organisations with tools to predict:

·        Trends in sales alongside wider market changes

·        Churn rates (loss) and strategies for customer retention

·        Potential equipment failure (Predictive Maintenance)

·        Fraud and other financial vulnerabilities

2. Hyper-Personalisation

Today’s customers expect rapid shifts in their purchasing behaviour and needs. Nexxora uses Machine Learning (AI/ML) models, based on customers’ purchasing patterns, to create a “tailored” (personalised) experience for them. Whether it’s providing customers with product recommendations that match their behaviour or targeted marketing to them, Nexxora allows our customers to deepen customer connections using these data points.

3. Operational Efficiency

Nexxora leverages machine learning to find the “hidden” operational waste that may exist within an organisation. By analysing the supply chain and/or real-time monitoring of energy usage and consumption, Nexxora’s Machine Learning tools help organisations reduce their operational expenses and downtime on mission-critical IT infrastructure.

Overcoming Implementation Challenges

Fulfilling the requirements for Successful Implementation: When organisations are moving forward with using AI & ML in the workplace it does have its set of difficulties many times issues surrounding data quality and workforce shortages will exist within the corporate enterprise. The way that Nexxora Inc. solves this issue is by giving your organisation the desired architecture of the system, establishing solid data governance as well as supplying expert consultants to help you in your implementation. The value that Nexxora Tech brings to your organisation goes beyond providing the necessary tools required for you to implement AI & ML, we actually become a strategic partner in your overall digital transformation.

Optimised & Fully Automated Business Future: In the foreseeable future, we will see businesses that are automating processes and are utilising sophisticated AI to provide the organisation with a competitive edge. Nexxora Tech is at the forefront of developing advanced analytical solutions that enable organisations to go from a reactive to a fully autonomous operation.

Conclusion: Creating a Smart Enterprise

Analytics and Machine Learning are essentially mandatory on companies building enterprises for future generations. Companies that implement these capabilities today will become the leaders in the digital economy of the future. Click here to contact us.

(FAQ)

Here are the brief and simplified responses to the most frequent questions about the AI/ML and Data Analytics Ecosystem:

 1. What is the main distinction between Analytics and ML? 

Data Analytics typically looks at the past to reveal what occurred (e.g., a sales report). Machine learning solutions look at past data to reveal what is going to happen in the future (e.g., a sales forecast). 

2. What is the use of “Predictive Analytics”?

Nexxora applies predictive analytics using machine learning to support business decisions in the future based upon statistical evidence. Predictive analytics gives businesses the data necessary to identify which customers may be leaving them soon, when a piece of equipment will no longer operate, and/or next month, which products are likely to be in greatest demand.

3. What does AI/ML offer users to improve their experience?

AI provides individualization/customized experiences for consumers and allows consumers to receive products or services based on their personal shopping behaviour; this is the same way that Netflix users receive suggestions for films/movies based on previous selections and/or purchases, or an Amazon user receives recommendations for products that may be of interest to them based on prior purchases; i.e., the customer will receive the specific item that they are searching for.

4. Can AI/ML assist businesses with fraud prevention?

Yes. In the areas of finance and IT, Nexxora utilizes machine learning to identify fraudulent activities.  It uses advanced algorithms to define a pattern of “normal” activity and will highlight anything that is considered outside the “normal” parameters. Therefore, it provides businesses the ability to protect their assets in “real time.”

5. How does Nexxora help companies operate more efficiently?

By discovering and eliminating “invisible” forms of waste from a company’s supply chain & Energy Usage Analysis (EUA) using AI machine learning, Nexxora has created the tools needed for improving business productivity and cost management, and automating repetitive tasks previously requiring manual intervention.