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.
Tag: Advanced Analytics
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.
Is Predictive Analytics Real or Does it Promise More Than it Delivers?
Why would anyone want or need to use predictive analytics? What good is forecasting anyway? Doesn’t it always end up being wrong? Well, no! That’s why wise businesses use these techniques to plan and forecast and to understand how a change they are considering might impact their business success. Nearly every organization today is using analytics to improve productivity, competitive positioning, market presence, financial investment strategies, price point planning, risk mitigation and many other business factors.
Business Users Don’t Have to Be Data Scientists (But Basic Knowledge is Great)
When you launch an analytics solution within your enterprise, you are probably concerned about getting your business users to adopt that solution. If you can’t engage the business user and achieve user adoption, your return on investment (ROI) will be poor! But, it is important to understand that the right augmented analytics solution can provide the structure and foundation for business users without requiring them to have a sophisticated knowledge of algorithms and analytical techniques.
What is Assisted Predictive Modeling?
Assistive Predictive Modeling incorporates complex, sophisticated analytical and forecasting techniques in a self-serve environment where business users can employ tools to guide them through recommended techniques and report formats and ensure that the methods and reports they choose are appropriate to the type of data and information they need.
From Business Intelligence to Augmented Analytics: Tips for a Crucial Transformation
As business intelligence solutions and BI Tools evolve into Augmented Analytics, business users can achieve valuable insight and take appropriate action to optimize resources and enable continuous improvement. As Gartner has predicted, the market is responding to business needs by transforming business intelligence tools into sophisticated Advanced Analytics that are easy-to-use. These augmented analytics solutions support the needs of the average business user, improve productivity and collaboration, and assure data democracy and Data Literacy across the organization.
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.
Auto Insight Can Help Business Users Analyze Data at the Touch of a Button!
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.
When Considering Advanced Analytics, Look for an Augmented Analytics Solution!
When a business is considering an advanced analytics solution, it must sell its management team and investors on the value and benefit of that solution and the merits of implementing such a solution or upgrading an existing solution.
Smarten is pleased to announce SmartenApps, its newest addition to the Smarten augmented analytics suite of offerings. The Smarten: eCommerce Analytics for Shopify by Elegant MicroWeb is an augmented analytics and reporting solution integrated with Shopify eCommerce.
