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How AI-powered BI tools will redefine enterprise decision-making

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How AI-powered BI tools will redefine enterprise decision-making

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Value-creation in business intelligence (BI) has followed a consistent pattern over the last few decades. The ability to democratize and expand the addressable user base of solutions has corresponded to large value increases. Enterprise BI arguably started with highly technical solutions like SAS in the mid-’70s, accessible only to a small fraction of highly specialized employees. The BI world began to open up in the ’90s with the advent of solutions like SAP Business Objects, which created an abstraction layer on top of query language to allow a broader swath of employees to run business intelligence. BI 3.0 came in the last decade, as solutions like Alteryx have provided WYSIWYG interfaces that further expanded both the sophistication and accessibility of BI.

But in many cases, BI still involves analysts writing SQL queries to analyze large data sets so that they can provide intelligence for non-technical executives. While this paradigm for analysis continues to increase, I believe that a new BI paradigm will emerge and grow in importance over the next few years — one in which AI surfaces relevant questions and insights, and even proposes solutions.

This fourth wave of BI will leverage powerful AI advancements to further democratize analytics so that any line of business specialist can supervise more insightful and prescriptive recommendations than ever before.

In this fourth wave, the traditional order of BI will be inverted. The traditional method of BI generally begins with a technical analyst investigating a specific question. For example, an electronics retailer may wonder if a higher diversity of refrigerator models in specific geographies will likely increase sales. The analyst blends relevant data sources (perhaps an inventory management system and a billing system) and investigates whether there is a correlation. Once the analyst has completed the work, they present a conclusion about past behavior. They then create a visualization for business decision makers in a system like a Tableau or Looker, which can be revisited as the data changes.

This investigation method works quite well, assuming the analyst asks the right questions, the number of variables is relatively well-understood and finite, and the future continues to look somewhat similar to the past. However, this paradigm presents several potential challenges in the future as companies continue to accumulate new types of data, business models and distribution channels evolve, and real-time consumer and competitive adjustments cause constant disruptions. Specifically:

  1. The amount of data produced today is unfathomably large and accelerating. IDC predicts that worldwide data creation will grow to 163ZB by 2025, up 10x from 2017. With that amount of data, the ability to zero in on the variables that matter is akin to finding a needle in a haystack.
  2. Business models and ways of reaching customers are becoming more varied and complex. Multi-modal distribution (digital, D2C, distributor-led, retail, ecommerce), international customers, mobile usage, and marketing channels (social media, search engine, display, television, etc.) have changed the dynamics of decision making and are more complicated than ever before.
  3. Customers have more options and can change preferences and abandon brands faster than ever. New competition arises from both tech behemoths like Amazon, Google, Microsoft, and Apple and a record amount of venture-backed startups.

BI 4.0

AI-enabled platforms that will define the fourth wave of BI start by crunching and blending massive amounts of data to find and surface patterns and relevant statistical insights. A data analyst applies judgment to these myriad insights to decide which patterns are truly meaningful or actionable for the business. After digging into areas of interest, the platform suggests potential actions based on correlations that have been seen over a more extended period — again validated by human judgment.

The time is ripe for this methodology to proliferate — AI advancements are coming online in conjunction with the growth of cloud-native vendors like Snowflake. Simultaneously, businesses are increasingly feeling the strain that business complexity and data proliferation are putting on their traditional BI processes.

The data analytics space has spawned some incredible companies capable of tackling this challenge. In the last six months, Snowflake vaulted into the top 10 cloud businesses with a valuation above $70 billion, and Databricks raised $1 billion at a $28 billion valuation. Both of these companies (along with similar offerings from AWS and Google Cloud) are vital enablers for modern data analytics, providing data warehouses where teams can leverage flexible, cloud-based storage and compute for analytics.

Industry verticals such as ecommerce and retail that are under the most strain from the three challenges outlined above are starting to see industry-specific platforms emerge to deliver BI 4.0 capabilities — platforms like Tradeswell, Hypersonix, and Soundcommerce. In the energy and materials sector, platforms like Validere and Verusen are helping to address these challenges by using AI to boost margins of operators.

In addition, broad technology platforms like Outlier, Unsupervised, and Sisu have demonstrated the power to pull exponentially more patterns from a dataset than a human analyst could. These are examples of intuitive BI platforms that are easing the strains, old and new, that data analysts face. And we can expect to see more of them emerging over the next couple of years.

Steve Sloane is a Partner at Menlo Ventures.

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Nintendo has some intriguing indie games to fill out the Switch’s future lineup

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Nintendo has some intriguing indie games to fill out the Switch's future lineup

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OK, I admit that I’m a little bummed that we didn’t see an update on Hollow Knight: Silksong during today’s Nintendo Indie World event. But we got enough other cool looking games that I’m not too upset.

Nintendo has done a great job showcasing indies on Switch during the console’s first four years. Along with those awesome Nintendo first-party games, it has really been these smaller digital titles that have kept the Switch’s library looking so attractive. And today, we saw some that I imagine many of us are going to want to download.

Play them soon

A few of them are even coming out later today. The Longing jumped out at me with its moody, hand-drawn art. It also looks like an adventure game of sorts, which sings to this old LucasArts fan. There Is No Game: Wrong Dimension is also coming out later today, somehow looking even weirder than The Longing. It gives me some WarioWare vibes. It looks like you’re playing snippets of minigames.

Above: There Is No Game.

Image Credit: Nintendo

Fez is also heading to Switch later today. This is a classic indie game that should appeal to anyone who enjoys 2D platformers with a heavy emphasis on puzzle-solving. As the Switch continues to become such an indie-focused machine, it’s important to get classics like Fez on the console.

Look at all these games

I also saw a few action games that look intriguing. Skul: The Hero Slayer is a 2D roguelite that gives me a bit of a Dead Cells impression, both because of its pixel art and its fast-paced 2D fighting. Then there’s Aztech: Forgotten Gods, a 3D action game! You don’t often see the indies take on that genre, and its Mesoamerican aesthetic helps it stand out from all the fantasy and sci-fi stuff that we usually see.

aztech

Above: Aztech: Forgotten Gods.

Image Credit: Nintendo

Nintendo also showed off some neat games that focus on story, like Road 96. This one is about a teenager going on a road trip, and its procedural story should make for a lot of replayability. Nintendo closed the show with Oxenfree II: Lost Signals, a sequel to one of the better-liked indie games ever. I was also impressed by Aerial_Knight’s Never Yield, an auto-runner set in a Tokyo-Detroit mashup.

It was an impressive showcase. I know that some Nintendo fans have been worried that 2021 would be a quiet year for the Switch. That may be true when it comes to Nintendo first-party games, but these indies should help keep the system relevant for a lot of players while they wait Breath of the Wild 2.

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USC Games Expo will highlight 70 student games on May 15

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Danny Bilson is head of USC Gam,es.

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The USC Games Expo will debut more than 70 student-made games at noon Pacific on May 15 in a livestreamed online-only event.

The event for the University of Southern California’s video game program will feature returning host Geoff Keighley, creator of The Game Awards. Long-term partner Jam City returns as well. The USC Games program is rated as the top undergraduate game school in the country by The Princeton Review.

The event will be the second time it has been held in an online-only format because of the pandemic. The 70 games are up from 50 a year ago. They’re from students teams who worked remotely and were distributed across the globe.

Continuing the “global” theme, an additional live encore of the expo will stream that evening Pacific time to coincide with daytime in Asia. All interested attendees can register on uscgamesexpo.com for event updates, with North America attendees who RSVP eligible to win prizes, including game codes, during the stream itself.

Above: Danny Bilson is head of USC Games.

Image Credit: USC

This is the fifth year USC Games has held an expo, which covers the video game development programs offered by USC’s Viterbi School of Engineering and the USC School of Cinematic Arts. The Expo will also feature the first hands-on for the 10 projects being developed in its capstone course, the Advanced Games Program (AGP).

The 10 games from the AGP class are:

  • Beat the Beat Up (Oculus VR) — A VR action/rhythm game where you fight to the beat as the star of your own Bollywood blockbuster. The neighborhood Don has sent out his goons to terrorize the locals, and you are the only one that can stop them. You have to impress the critics, including one voiced by Bollywood star Abhay Deol (Zindagi Na Milegi Dobara, Dev.D, Happy Bhag Jayegi). If you rack up your score and clear the streets, you can save the village.
  • Corporate Clash (Mobile IOS/Android) — You can become the richest CEO of 2250. Corporate Clash is a casual mobile strategy game where players are the CEO of a futuristic company that makes widgets for robot consumers. You have to deal with the twists and turns thrown at you by your factory, employees, investors and other demanding groups. Pollute to cut costs but irk environmentalists, or raise prices and upset your customers?
  • Crescendo (PC) — Crescendo is a 2D combat action game where you conduct a musical world through your actions. Travel through an eerie fairy tale setting with music and battle the monstrous personifications of an orchestra.
  • Detour Bus (SteamVR, Oculus Rift/Link) — Detour Bus is a VR construction-comedy game where players build winding highways around themselves to take the Flowers family on a psychedelic road trip across post-infrastructure America. Snap together random road pieces to traverse groovy landscapes, avoid hazardous obstacles, and prevent corrupt Senator Joseph McCarthief from turning all freeways into pay-to-drive tunnels.
  • Larger Than Light (PC) — Traverse shadows by manipulating light in the 2.5D puzzle platform game, Larger Than Light. Escape a haunted school as the sibling duo: Skia the shadow, who can move across other shadows on the wall, and Lux the lightbulb, who can manipulate the size and placement of shadows for his younger sister to platform across. A single player will control both characters, getting them to work together to break away from the otherworldly force trapping them in their school while overcoming their bitter sibling rivalry.
  • Leechbug (PC) — Leechbug is a real-time strategy combat game where players take on the role of the Leechbug, a robotic symbiotic parasite who exists in an alien seascape. Your home is under threat from a polluting force that’s also sapping the will of your fellow undersea denizens. You have to use your powers of possession to free your friends, control their unique abilities synergistically to engage in combat, and reach the surface of the ocean to rescue your underwater world.
  • Pelota (PC) — Pelota is an action-packed online sports game for 2-to-4 players that brings an ancient sport into the interactive medium. Players will be immersed in a Mesoamerican setting as they master the game’s novel physics-based mechanics to get the game ball through a vertical hoop, using everything they have — except their hands — in order to win the favor of the gods.
  • Snowshoe Thompson (PC) — Explore the snowy Sierra Nevada mountains in The Trials of Snowshoe Thompson, a skiing expedition game set in the 19th century about an immigrant traversing the elements and laying the groundwork for what would become the U.S. Postal Service. During 1856, Snowshoe Thompson sets out to aid his new community as a mailman cross-country skiing across the Sierra Nevada mountain range, connecting the wild west with the wider world.
  • Sweeping the Ruins (PC) — Sweeping the Ruins is a two-player co-op strategy and combat game that let’s players engage in asymmetrical combat with an overpowered behemoth inside a dark and deep dungeon. Armed with no weaponry, two players will rely on their wits and use environmental traps to work in tandem to take down the beast. Players will need strategic coordination, situational awareness and teamwork to defeat the massive enemy and prevent the destruction of their nearby homeland.
  • Wheelin’ & Mealin’ (PC) — Wheelin’ and Mealin’ is a two-player co-op driving-and-cooking game that blends tooling around a bright, colorful cityscape and cooking fantastical dishes. Players can maneuver a souped-up race car and immerse themselves around a fantastical city to create crazy dishes that satisfy their customers in order to rise to the top of the restaurant world.

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Nvidia forms Inception VC Alliance to connect AI startups with venture capital

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Nvidia forms Inception VC Alliance to connect AI startups with venture capital

Join Transform 2021 this July 12-16. Register for the AI event of the year.


Nvidia has formed its Inception VC Alliance to connect AI startups with venture capital. The move will help connect more than 7,500 startups in the company’s Inception program for AI tech with venture capital firms.

Jeff Herbst, vice president of business development and head of Inception at Nvidia, unveiled the alliance today at the AI Day for VCs event during Nvidia’s annual GTC 21 conference. Nvidia CEO Jensen Huang unveiled the company’s latest products on Monday in a keynote speech where he talked about the company’s new Grace central processing unit (CPU).

“We always felt a very strong connection to the ecosystem. We give them technology, we introduce them to our 150 different software development kits, we give them joint marketing, we introduce them to investors,” Herbst said in an interview with VentureBeat. “We give them Cloud Credits. We give them discounts for GPUs.”

Above: Nvidia’s Jeff Herbst (top left) leads a panel on AI startups at GTC 21.

Image Credit: Nvidia

AI adoption is growing across industries, and startup funding has been booming. Investment in AI companies increased 52% last year to $52.1 billion, according to PitchBook. The Inception AI startups are up 9 times from 2016, Herbst said.

The alliance aims to help investment firms identify and support leading AI startups early, as part of their effort to realize meaningful returns down the line. The goal is to educate VCs about AI opportunities and nurture startups, Herbst said.

inception 2

Above: Inception has more than 7,500 AI startups.

Image Credit: Nvidia

“AI is growing like a weed. We’re over 7500 companies, and it’s not going to be long before we’ve doubled that,” he said. “The ecosystem is clearly exploding. And VCs are a super important part of it. Startups need VCs, and VCs need startups. It’s just that simple fuel for startups to grow. We have thousands of VCs that are already part of our ecosystem, but we’ve never formalized the partnership with them until now.”

Founding members of the alliance include venture firms NEA, Acrew, Mayfield, Madrona Venture Group, In-Q-Tel, Pitango, Vanedge Capital, and Our Crowd. More VCs can apply here.

nvidia panel 2

Above: Nvidia’s Inception AI startups by industry.

Image Credit: Nvidia

The Nvidia Inception VC Alliance is part of the Nvidia Inception program, an acceleration platform for startups working in AI, data science, and HPC. These startups represent every major industry and are located in more than 90 countries.

Among its benefits, the alliance offers VCs exclusive access to high-profile events, visibility into top startups actively raising funds, and access to growth resources for portfolio companies.

“It’s both a corporate goal and a personal goal to extend this ecosystem around the world,” Herbst said.

nvidia panel 3

Above: Nvidia’s Inception AI startups are from the green countries.

Image Credit: Nvidia

Nvidia currently counts about 40 companies it has invested in directly. Around 300 Inception companies are making presentations at the GTC 21 event, which is expected to have an online audience of about 150,000. And around 35 of the startups are in emerging markets, Herbst said.

“Is there parity in the world with AI startups? No,” Lopez Research analyst Maribel Lopez said on the panel. “Do we have a long way to go? Yes. But I’m seeing exciting things like Cuda, a fintech startup in microfinance in Africa.”

These startups are using AI for a wide range of tasks, like figuring out what percentage of fisheries in the world are operating illegally.

“Now that Jensen has shown the roadmap, people know that Nvidia is a complete platform, with CPUs, GPUs, DPUs, and everything that enables these startups to do their life’s work.”

nvidia panel 4

Above: Nvidia’s Inception AI startups over the years.

Image Credit: Nvidia

On Monday, Herbst moderated a panel on investing in startups around the globe and the need to create a more diverse ecosystem for entrepreneurs. He estimated there are 12,000 to 15,000 AI startups around the world and said Nvidia is only in touch with about half of them through Inception.

“It’s an open invitation to join our ecosystem,” Herbst said. “Nvidia loves startups.”

Herbst said about 16% of Inception members are part of the health care industry. Growth areas include robotics, self-driving cars and trucks, and data science.

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