The combination of Qlik and ChatGPT promises to fundamentally change the way users interact with business intelligence/analytics platforms, and implicitly the speed of data access. In June, Qlik launched a suite of OpenAI connectors that allow for the safe and seamless integration of generative AI tools to support new and impressive use cases. Analysts say it would be one of the most important steps in the evolution of BI, since the first use of the term “business intelligence” in the book “Cyclopaedia of Commercial and Business Anecdotes” published in 1865.
These connectors will deliver the power of ChatGPT directly into the Qlik platform, by using natural language to enrich Qlik analyses with valuable contextual information. This will give users a better overview to understand certain situations, developments and patterns.
Qlik has also presented a few use cases, which include obtaining advanced analytics by correlating new data sets from official sources with existing data. For example, an agribusiness company correlates its own data on land, crops, and productivity with a statistical data set on the incidence of natural disasters, types, locations, damage, interventions, etc., to better understand risks and make more accurate forecasts.
Generative and conversational AI has a huge potential for use in business, especially when integrated with traditional operational or analytical solutions. In the case of BI, AI can create an experience that is both simplified and interactive.
Financial analysis with ChatGPT
Financial data analysis is a complex task, even when the ERP system is integrated with a business analytics platform, as is often the case in SAP Business One projects implemented by System Innovation Romania. Why? Because it requires the collection of extensive data sets, advanced processing and meticulous calculations, correlated with a high level of understanding and experience by analysts. The integration of Qlik and ChatGPT can play an essential role in this process:
- Improved forecasts, as it allows analysts to query existing data through questions posed in natural language about trends, risks, etc.
- Simplification of the reporting process, as ChatGPT has the ability to automatically generate well-structured financial reports or generate Qlik dashboards in real time through natural language commands.
- Simplification of the way data is interpreted by translating charts and dashboards into easy-to-understand narrative texts correlated with other relevant contextual information, so that any user can understand and apply them.
Optimizing activity
Companies that have invested in high-performance operational systems collect a lot of data, which makes it difficult to interpret it. The integration of Qlik and ChatGPT can help to optimize activity in multiple ways:
- Production optimization. By correlating all existing production data in Qlik, ChatGPT can make recommendations for production lines to always operate at maximum capacity and be fed with the necessary raw materials.
- Maintenance planning. With a simple natural language query, ChatGPT can recommend maintenance programs based on historical data or technical data sheets, directly contributing to extending the life of equipment/machines and avoiding downtime.
Smarter decisions
Probably the biggest winners from this integration are managers, as they can have access to the most complex analyses without knowing the specific operation of Qlik Sense. Thus, they can more efficiently explore the existing data in the organization and make smarter decisions.
- Simplified access to data. With ChatGPT, managers no longer need to obtain and interpret Qlik-specific dashboards, but only ask questions in natural language.
- Discovery of hidden trends. AI has the ability to correlate multiple data sets and identify certain less obvious atypical situations.
- Information-based culture. Simplifying access to data and ChatGPT’s conversational capabilities fundamentally change the way organizations will extract value from information to support business processes.
Qlik and ChatGPR, the beginning of change
Generative and conversational AI (ChatGPT, Google Bard) is still in its early stages, but it will fundamentally change the way we interact with operational (ERP, CRM, WMS) or analytical (Qlik, SAP BusinessObjects) systems. By understanding natural language and having access to the company’s entire knowledge library, ChatGPT can be asked like a jack-of-all-trades colleague.
Qlik is one of the first companies to integrate ChatGPT, and the results can be surprising. By combining Qlik’s robust data visualization capabilities with ChatGPT’s natural language understanding, any employee has the ideal tool to gain insights from information.
