COSTA MESA, Calif.–(BUSINESS WIRE)–Dec 4, 2023–
Phocas Software, a cloud SaaS firm specializing in enterprise planning and analytics, as we speak introduced Phocas AI that may lengthen the benefit of use of its Analytics product, permitting individuals to effortlessly question their group’s consolidated information. Phocas AI will enhance the efficiency of probably the most extensively adopted 1 analytics software program favored by mid-market producers, distributors and retailers.
The brand new AI performance permits prospects to kind any questions related to their very own enterprise databases, serving to them fast-track decision-making and problem-solving. For instance, a gross sales supervisor desires to find out the highest performing salespeople throughout areas. She asks Phocas AI “Present me prime gross sales reps grouped by territory for 2023,” and will get an immediate reply.
Blair Cassidy, Chief Product and Know-how Officer at Phocas Software program says AI is the corporate’s subsequent step in its mission to assist individuals be ok with information.
“Phocas AI represents a transformative change in the way in which individuals expertise information evaluation and can join much more individuals to helpful info,” says Cassidy.
“To make sure transparency in AI queries, our resolution shows how Phocas AI arrives on the reply. This visibility of the steps units Phocas AI aside from different AI analytics instruments that simply show outcomes,” says Cassidy.
When analyzing product margins or figuring out merchandise that prospects have stopped shopping for, readability is paramount for assured, knowledgeable decision-making.
Cassidy studies constructive suggestions from prospects testing Phocas AI, highlighting the step-by-step strategy as distinctive. “The steps not solely validate the chosen path but additionally function useful coaching for customers, particularly for individuals new to the product. Clients rapidly purchase a working data of Phocas Analytics and achieve a greater understanding of how our highly effective DIY evaluation layer works.”
Addressing AI accuracy, Cassidy says, “A typical concern we hear is the potential for AI to lack 100% accuracy. We’ve invested a number of time in order that our prospects get the identical outcomes utilizing AI as they might with our conventional question methodology – following their practice of thought however in a sooner timeframe.”
“The event crew has created Phocas AI to be quick and safe empowering extra individuals to interrogate their enterprise information and believe of their outcomes,” says Cassidy.
Phocas AI makes use of pure language processing to research questions and retrieve information insights from the linked information which is transactional information built-in instantly from the client’s ERP and different information programs. This eliminates the necessity for purchasers to carry out guide steps reminiscent of selecting the required dimensions, measures and streams to reply the question.
A gradual roll out for Phocas AI is deliberate, incorporating buyer suggestions into iterative updates. Each database constructed by Phocas prospects in Analytics might be AI-ready, with this performance included as a part of the Analytics subscription. The following section entails transitioning to a fully-AI powered enterprise planning and analytics platform.
1 BARC Survey 2023, Phocas Software program has 31% consumer adoption in comparison with the trade common of 21%.
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PUB: 12/04/2023 10:30 AM/DISC: 12/04/2023 10:28 AM