The focus of this article is on Data Democratization within the business enterprise, but the concepts and approaches involved in implementing this type of initiative are worth considering for any kind of major change within an organization.
Tag: Advanced Analytics
The trend toward analytics is growing globally. Even the smallest business is jumping on the bandwagon, and with good reason. With market changes, shifts in customer buying behavior and the need to spend wisely, businesses must make data-driven decisions if they are to be competitive and plan logically for growth.
Do You Know What Key Influencer Analytics Can Do For Your Business?
What matters most in your business? Don’t say everything, because there is no way you can place strategic focus on every aspect of the business and, although all of your goals and objectives should be aligned, there are, in fact, a smaller number of things hidden within your business that will impact your success if they are not attended to and that will give you the most benefit if you spend a bit more time organizing and planning activities and business processes around these things.
Small and medium sized businesses (SMEs) often find it difficult to balance the day-to-day need for data with the cost of employing data scientists or professional analysts to help with forecasting, analysis, data preparation and other complex analytical tasks.
If your business has embraced the concept of Digital Transformation (Dx) and Data Literacy, it must plan for these initiatives in order to ensure that they are successful. The best way to achieve Dx and data literacy is to establish a technology environment that will support and encourage constant change and optimize resources and creativity – all in the service of supporting business goals and objectives.
Provide The Right Augmented Analytics Solution And Features For Business Users!
Business competition is intense and markets are changing rapidly. What worked yesterday, does not work today and it is crucial for businesses to have an in-depth understanding of what is changing, how customer buying behavior is evolving, what new products and pricing plans are appropriate, where to invest for the future, what additional resources the business will need and when – in short, every detail of your business can positively or negatively impact your business and you need to understand current performance and future needs.