What is Augmented Analytics and Can it Benefit My Business?
What is the difference between analytics and augmented analytics? The simple answer is this: augmented analytics provide sophisticated analytics tools in an easy-to-use environment that offers guidance and recommendations, and a natural language processing (NLP) interface that makes it possible for every business user to leverage the solution, no matter their technical or analytical skills or experience.
When a business chooses to follow the guidance of Gartner and embrace the Citizen Data Scientist initiative to transform business users and provide analytical tools for all team members, it must approach the initiative with appropriate planning.
When asked about using an analytical solution to find and use data and make decisions, many business users feel insecure about the process required to get to the results. Data preparation has traditionally been the domain of a data scientist, a business analyst or an IT professional.
When you are trying to implement a data democratization initiative and give your business users access to analytics, you can run into roadblocks with analytical tools and solutions that are too difficult for the average skills of a business user. It is impossible to achieve your goals and ensure that every user is comfortable with data analytics and fact-based decision-making if you don’t give your users a tool that they can use as easily as they use Google or other familiar search mechanisms.
Citizen Data Scientists…the predicted future of the organization! Gartner and other technology research firms have predicted the rise of Citizen Data Scientists as a way to complement and optimize data scientists and to democratize data and improve data literacy across the enterprise.
When businesses take on the task of forecasting and planning, it is important to provide the tools to go through this process at all levels with data integrated from the various systems and databases across the enterprise and to provide simple tools for all users that can be adopted and used to take on the various tasks and responsibilities involved in planning and accurate forecasting.
When combined, Digital Transformation and Data Literacy provide a rich and profound value to the organization. A properly structured initiative will prepare the business for an ever-changing market and business environment and make the business and its team members agile, nimble, and capable of responding to change. The initiative, once employed, will provide many benefits to offset the efforts involved in completing the initiative.
Download the Whitepaper: Preparing Your Business for Digital Transformation (Dx) and Data Literacy
An advanced analytics solution that is designed for augmented analytics, must be easy enough for the average business user to achieve results without IT skills or the skills of a data scientist. When a business user can leverage clickless analytics search capability, the user can achieve rapid, clear results and use those results to solve problems, share information and optimize opportunities for the business.
If you stay up-to-date with your industry and market publications, you have probably heard a lot of buzz about natural language processing or NLP. In fact, whether you know it or not, you use NLP every day. When you type a question into Google, you are using NLP! The system translates your question and returns results to meet your needs.
Wise business managers are embracing the Digital Transformation initiative in an effort to improve accuracy, productivity and the integration of technology and analytics within the organization. Augmented Analytics is a logical and critical addition to the Dx initiative and will significantly enhance the success of the Digital Transformation agenda. When a business wishes to consider and implement a Digital Transformation and Augmented Analytics initiative, it must shift its cultural assumptions to support continuous improvement. There will be no Digital Transformation or Data Literacy success if the enterprise does not embrace the concept of continuous improvement.
