Business Intelligence (BI) is the practice of collecting and analysing data to support informed decision-making within an organisation. BI helps businesses track performance, assess competition, and understand market trends. Traditionally, BI workflows can be fragmented and time-consuming, relying on multiple tools for data collection, analysis, and reporting.
Artificial Intelligence (AI) is transforming BI by automating and optimising key aspects of data analysis, helping professionals make faster and better informed decisions. Nexis+ AI™, a decision intelligence platform from LexisNexis, addresses the challenges of traditional BI by combining trusted data sources with AI tools that accelerate research and analysis processes.
Generate. Extract. Summarise. Empower. Redefine your company research with Nexis+ AI.
Fundamentals of AI in Business Intelligence
AI technology enhances BI processes by automating data analysis, identifying patterns, and providing predictive insights. Through machine learning (ML) and natural language processing (NLP), AI can process large volumes of structured and unstructured data more efficiently than manual methods.
Key applications of AI in BI include:
- Data Summarisation: AI systems can summarise large datasets, highlighting key insights quickly.
- Predictive Analytics: AI can forecast trends and outcomes based on historical data, allowing businesses to plan ahead.
- Automated Reporting: AI tools can generate detailed reports and insights, reducing the time spent on manual analysis.
One of the most valuable aspects of AI is its ability to handle unstructured data, such as long-form reports, news articles, and financial documents. Tools like Nexis+ AI allow users to extract relevant information from these sources without needing to review every detail manually.
Key Benefits of AI in Business Intelligence
AI provides measurable improvements to business intelligence processes by enhancing speed, efficiency, and decision-making capabilities. Below are some key benefits of integrating AI into BI workflows.
- Enhanced Decision-Making
AI tools help professionals process large datasets, uncovering critical insights that support more informed decisions. By quickly identifying patterns and trends, AI enables users to act on real-time data instead of relying on outdated or incomplete information. - Efficiency in Data Processing
Traditional BI workflows require significant manual effort to analyse long documents like financial reports, industry analyses, or legal filings. The Document Analyser from Nexis+ AI automates this process by extracting key insights and summarising important information, saving hours of manual work. - Predictive Insights
AI-powered predictive analytics tools help organisations anticipate market shifts or customer behaviour. By analysing past performance and external data, these tools can forecast potential outcomes, enabling businesses to prepare more effectively.
Nexis+ AI: A New Era of Business Intelligence
Nexis+ AI enhances business intelligence by integrating AI tools with trusted, reliable data sources. This platform simplifies research workflows, enabling users to conduct company research, industry analyses, and competitive intelligence faster and more effectively.
Core Features of Nexis+ AI:
- AI-Powered Document Analyzer: Users can upload large documents like research papers, financial statements, or regulatory filings and ask the platform’s AI chatbot for specific insights. The system delivers actionable information quickly, cutting down on the time needed to process lengthy documents manually.
- News and Document Summaries: As users browse the platform’s extensive content library, Nexis+ AI can summarise key points from articles, helping users decide whether a document is worth reading in full.
- First Draft Reports: With a single click, users can generate a first draft of a fully cited report based on their curated research. This draft remains fully editable, giving users control over which topics and insights are included.
- Access to Trusted Sources: Nexis+ AI leverages a portfolio of over 20,000 licensed titles. This includes access to licensed news publications, corporate data, and more.
AI from the licensed content provider trusted by business professionals for more than 50 years.
Built-In Accountability & Data Privacy
LexisNexis ensures that Nexis+ AI is not only effective but also secure. The platform abides by strict privacy and governance standards, ensuring that AI-generated insights are transparent and trustworthy.
Key Data Privacy Features:
- Cited Sources: Every AI-generated report or summary is accompanied by clear citations, providing full transparency into where the data comes from.
- Privacy and Security: Nexis+ AI follows strict data privacy requirements, including principles outlined by RELX Responsible AI, a governance framework ensuring ethical AI usage.
- No Data Used for AI Training: User-generated content and data uploaded to Nexis+ AI is not used to train AI models, preserving confidentiality of businesses using the platform.
Use Cases: AI-Driven Business Intelligence in Action
- Mergers & Acquisitions (M&A) Research: Professionals can use Nexis+ AI to extract relevant information from financial reports, press releases, and news articles, speeding up due diligence processes.
- Competitive Intelligence: The ability to summarise news and company filings allows users to stay informed about competitors’ activities and strategies.
- Market Insights: By summarising key points from regulatory changes, industry reports, or news content, Nexis+ AI helps businesses discover market trends and adapt strategies accordingly.
Nexis+ AI is decision intelligence made easy.
Leverage Nexis+ AI to Enhance Your Research
Nexis+ AI provides a comprehensive solution for businesses seeking to improve their research workflows with AI-powered tools. By integrating trusted data sources and advanced AI capabilities, Nexis+ AI helps users obtain better business research, faster.
Interested in learning more? Request a demo today to see how Nexis+ AI can transform your business intelligence efforts.