Research
How AI is Transforming Business Intelligence
In today’s data-driven world, the role of business intelligence (BI) has become more pertinent than ever. Organisations rely on data to inform strategy, track market trends, and maintain a competitive edge. However, the sheer volume of data can overwhelm traditional BI processes. Manual data collection, analysis, and reporting are not only time-consuming but also prone to human error. Artificial Intelligence (AI) offers...
The Application of AI in Business Intelligence: Enhancing Insights and Efficiency
Artificial intelligence (AI) is redefining how organisations approach business intelligence (BI). Today, professionals need to extract actionable insights from an ever-growing volume of data faster than ever before. AI meets this demand by accelerating tedious data processing tasks, allowing organisations to focus on strategic analysis. Nexis+ AI™ is a prime example of how AI-enabled platforms can revolutionise research...
Will AI Replace Business Intelligence? Exploring the Future of BI with AI
Artificial intelligence (AI) is increasingly integral to business intelligence (BI), sparking the question: Will AI replace business intelligence as we know it? As AI tools become more advanced, they are reshaping how data is analysed and interpreted. LexisNexis explores whether AI will supplant traditional BI practices or act as a powerful extension of them. Solutions like Nexis+ AI™ serve as examples of AI augmenting...
Understanding AI in Business Intelligence: Fundamentals and Benefits
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...
The Future of Company Research: Leveraging AI for Comprehensive Analysis
Artificial Intelligence (AI) is rapidly transforming how organisations conduct company research, offering new tools and methodologies that vastly improve the ability to gather, analyse, and utilise data. As businesses strive to remain competitive in an increasingly complex and fast-paced global market, the adoption of AI in company research is not just an advantage but a necessity. By leveraging AI, organisations can...
AI for Business Research: Unlocking New Insights & Opportunities
Artificial Intelligence (AI) is revolutionising business research, transforming how companies gather, analyse, and apply data. As AI technology evolves, its applications in business research become more sophisticated, offering deeper insights and enhancing strategic decision-making. Leveraging AI for business research not only provides a competitive advantage but also streamlines workflows and uncovers opportunities...
Company Research Reimagined: How Nexis+ AI™︎ Turns Your Financial Fact-Finding into Next-Level Insights
In the Future of Work survey we conducted last year, 87% of professionals expressed a willingness to adopt generative AI (genAI). Adoption, however, comes with challenges. Organizations must balance desire for productivity gains promised by genAI with ethical, secure use. Moreover, despite budding enthusiasm for genAI, concerns about hallucination and bias mean organizations need to build trust in genAI outputs. How can...
What’s the Difference Between Tactical Intelligence and Strategic Competitive Intelligence?
As any competitive intelligence researcher knows, it’s crucial to understand both the strategy and tactics to use when conducting company and industry research. However, in today’s ever-evolving business landscape, more than just competitive intelligence professionals employ tools for company and industry research. No matter your role in your organization, if you’re tasked with providing detailed information or research...
Best Practices for Purchasing Competitive Intelligence Tools and Services
4 Factors to Consider Competitive intelligence strategists know that over the past few years, global socioeconomic turbulence has completely upheaved virtually every industry and organization across the planet. With the onset of remote work, the wave of new technologies and their ever-changing risks and regulations, and unpredictable markets, there’s been a massive paradigm shift across the business spectrum. The...
Demystifying Corporate Ownership: Three Essential Tips for Researching Conglomerates
Distinguishing between brand identity and corporate identity can be challenging, as the average retail consumer may not be aware of (or interested in) the corporate ownership of products they use every day, but understanding corporate ownership is crucial for competitive intelligence researchers. Through mergers and acquisitions (M&A), strategic purchases of supply chains, or efforts to dominate a specific category...
The Critical Role of Market Intelligence in Manufacturing
Recent years have shed light on the criticality (and fragility) of the global supply chain, due to the pandemic, geopolitical tensions, and economic repercussions of inflation, to name a few. Maintaining smooth supply chain operations is more complex than ever, as raw material shortages and the growing impacts of climate change are further complicating the landscape. Moreover, the increase in Environmental, Social,...
LexisNexis Announces Commercial Preview Program for Nexis+ AI, Providing Generative AI-Powered Corporate Research and Decision Intelligence
By: iCrowdNewswire Program allows corporations to preview and refine Nexis+ AI’s Gen AI capabilities, which deliver trustworthy results, powerful summarization features and faster time to insights New York, NY – April 23, 2024 – LexisNexis ® Legal & Professional , a leading global provider of information and analytics, today announced the commercial preview of Nexis+ AI , new generative AI-powered capabilities designed...
Improve Business Research Using LexisNexis®︎ SmartIndexing Technology™︎
Machine learning, artificial intelligence, and big data are hot topics in business discourse today as companies are racing to get information faster and more efficiently to stay ahead of their competitors. As such, everyone wants to be a part of this revolution. More than a decade ago, LexisNexis® recognized that filtering through massive amounts of news and company information was a time-killer for information professionals...
How to Use Big Data Analytics in Finance
The finance industry is up against massive challenges as 2023 shapes up to be a tumultuous year for the market. The closure of Silicon Valley Bank signaled another big fall in trust, and businesses are scrambling to make sure that they’re providing security and safety alongside their normal client services. Now more than ever, it’s critical that companies have trustworthy ways of performing their practices, finding...
How to Optimize Your Change Management with Research Workflow Tools
Change management is a crucial, yet daunting, part of a company’s life cycle. Whether it’s in response to exciting growth or disappointing pitfalls, adaptation is often necessary when it comes to moving forward, and the need to adapt is only increasing as the marketplace becomes more unpredictable. Change management is especially important when it comes to research. Research teams are often shifting their day-to-day...
More Time on What Matters Most
The modern workplace has undergone a dramatic transformation in the aftermath of a global pandemic, widespread talent shortages , and the adoption of new technologies. As a result, today’s workers are shouldering more responsibility and larger workloads than ever—and struggling to find enough hours in the day to accomplish everything on their to-do lists. Time is a precious resource for professionals in nearly every...
How to Choose The Right Workflow Technology Tool for Your Company
The workforce has changed a lot over the last few years. Many factors have forced companies to change their old practices: hybrid and long-term remote work options, ongoing recession fears, and inflation are just a few motivators toward large overall shifts. That means optimizing workflow — a process which removes hurdles and streamlines daily work to ultimately lower the cost of operations—is more important than ever...
Research, Simplified. Meet Nexis®︎ Hub
Thorough, efficient research has never been more important than it is today. More organizations and workers are using data to make critical business decisions and optimize nearly every aspect of their work. Meanwhile, misinformation and “fake news” continue to muddy the waters in journalism and the corporate sector. It makes sense, then, that professionals around the globe are invested in finding solutions that can...
Creating an Effective Workflow Process: Tips and Best Practices
Creating a Workflow process is one of the best ways businesses can keep up with the changing landscape of office life. Workflows are being implemented across industries for good reason; according to a study by Gartner , automated workflows increase productivity, reduce errors and lead to overall lower operational costs for businesses. They make employees’ lives simpler and improve the customer service experience by ensuring...
8 Ways to Use Alternative Data to Improve Your Financial and Data Modeling
It’s true. When you gain access to a wealth of clean and accurate alternative data, you can greatly improve your financial modeling and predictive analytics. But before we get into the how , let’s back up a second and define the what . Alternative data is content that’s generated in numerous ways. From sensors that capture geo-location data and satellites that take snapshots of weather patterns to news and social media...
How Misinformation Spreads on Social Media—And How to Combat
Unless you’re making an active effort to disconnect from the 24/7 news cycle then chances are you’ve heard about Elon Musk’s recent Twitter acquisition and his subsequent moves to shake up the company, which has had a major impact in how some people are getting and distributing news. Twitter has been the social media platform of choice for journalists and reporters to “tweet out” and track breaking news and watch real...
How Does Failing Fast in Data Analysis Help Your Projects Flourish?
It’s no secret that finding the right datasets for your analysis creates a huge hurdle when starting new data projects. You have countless sources to choose from, yet even when you think you’ve found the perfect data, your project fails to produce the results you are looking for. This cumbersome process of searching for, importing, and testing data consumes too much time because of the constant need to switch between...
How Can Competitive Intelligence Improve My Business?
The latest tool in the marketing technology arsenal is competitive intelligence (CI) – but what is it? Everyone has their own definition of CI, but essentially it refers to the action of gathering and assessing information about your organization’s external environment and competitors. By collecting and analyzing data from multiple sources, your teams can devise a coordinated CI program. With these insights, you’ll...
People Behind the Product: Nexis®︎ Data Lab
Nexis Data Lab is an exciting first for LexisNexis. Historically a content provider, LexisNexis recognized an opportunity to create something a little different for students, professors and other academic researchers: A data research and analysis tool that enables them to curate their own datasets and dive into analytics faster – all on a single platform. No more offloading large quantities of raw data to your laptop...
See Nexis Data Lab in Action
In a recent live webinar event, LexisNexis team members Margaret Hart and Hatim El Faiz teamed up to share what makes Nexis Data Lab such a powerful data research and analytics tool for academic researchers. First, Hatim explained how Data Lab streamlines and accelerates dataset creation via its access to LexisNexis news content, intuitive search functionality and pre- and post-search filters. From there, Margaret gave...