GenAI is changing the landscape of Management reporting. While traditional dashboards are limited to predetermined questions, GenAI offers dynamic, on-demand insights. We recently worked with a global industrial company to demonstrate this potential, reducing the need for time-consuming development cycles when new queries arise.
Hidden inefficiencies
Our client’s management team faced a common challenge: monthly reporting was time-consuming and resource-intensive, taking away from data-driven decision-making.
Traditional reporting methods were inadequate, prompting us to tackle the issue with two primary goals in mind:
Automate the reporting process, freeing up valuable time that could be redirected towards generating insights.- Leverage GenAI technology to support the development of these insights, allowing managers to explore the “why” behind the data.
Enabling on-demand data analysis
We utilized OpenAI’s advanced language models as the backbone of our system. Although these models might not specialize in mathematics, they excel at generating code – a critical component of our solution. Here’s how it works:
A user asks a question, for example: “What were last year’s figures?”
The AI then translates it into Python or SQL code. This code interacts directly with the client’s database, extracting and analyzing the relevant data.
“The key advantage of this approach lies in its user-friendly interface. Our client’s team doesn’t need programming expertise or knowledge of complex query languages.”
The key advantage of this approach? A user-friendly interface. Our client’s team can use it without programming skills or knowledge of complex query languages. They can ask questions in plain language, and the AI automatically generates the necessary database queries. This feature is like having a data analyst at your fingertips, ready to help whenever you need it. By removing technical barriers, we’ve made it easier for the team to access and interpret their data, regardless of their technical background.
Need last year’s figures for a specific client compared to the rest of the company in a pie chart? It’s just a simple request away.
Remarkable results
The new system significantly cuts down report-making time, allowing the team to concentrate on understanding the meaning behind the data. This change improves decision-making by encouraging a smarter, data-driven approach to critical choices.
At its core, the team now uses data to guide important decisions instead of just handling it.
Considering GenAI for your operational processes? Our team of experts is ready to help.
