The days of data silos and exclusive data access are over. Data Scientists and business analysts are still an important component of the business and IT teams are still crucial to the success and stability of the organization BUT if you are thinking that these roles are still responsible for day-to-day analytics and delivering every bit of data analysis to the enterprise, your business strategy needs an upgrade!
The Tally® ERP Solution and its latest TallyPrime offering are popular accounting and finance related suite of modules that provides support for invoicing and accounting, inventory management, reports, credit and cash flow management, banking, cost control and analysis, payroll management and other finance-related activities.
Predictive analytics may seem too complex for business users but with advanced technology like machine learning and features like assisted predictive modeling users can dive into the process without the skills of an IT professional or a data scientist. Assisted predictive modeling frees the user by providing system recommendations that will suggest the right analytical technique and achieve the best fit for what the user wants to do, ensuring that they use the most appropriate algorithm for the data they wish to analyze.
Gujarat Environment Management Institute (GEMI) is an ISO 9001:2008, ISO 14001:2004, OHSAS 18001:2007 certified Autonomous Institute under the auspices of the Gujarat Forest Department agency. The GEMI charter supports the “Think Global, Act Local” concept and is integrally involved in the pursuit of environmental protection for India. The Client team is engaged in assuring sustainable development, and provides research to measure and gauge the impact of various human, economic and industrial activities on the environment. GEMI is focused on developing standards for prevention of negative environmental impacts and performs lab testing on air, water, wastewater, microbiology and soil.
These days, it seems that every conference I attend, there is a discussion about Citizen Data Scientists. For some of my colleagues, the discussion seems irrelevant or, in some cases, daunting. If you are hesitant to embrace this type of initiative in your business, here are a few Gartner predictions that might convince you to at least consider this crucial shift in business culture and data literacy.
The use of business intelligence and business analytics is growing in every industry, business function and in companies of every size. 48% of small and medium sized business CIOs responding to a Gartner survey revealed that business intelligence (BI), data and analytics is one of the technology areas that will have the largest amount of new or additional spending.
There are a lot of business intelligence and analytical tools on the market today and if your business has recognized the need to implement this type of solution for self-serve analytics among business users, it is important to understand the advantages of augmented analytics. Advanced analytics benefits are numerous but, when a business chooses augmented analytics tools, it can ensure that its business users have full access to analytical features and sophisticated techniques without having to learn complex systems and without having to acquire data scientist skills. That ease-of-use takes advanced analytics advantages to the next level by democratizing use and allowing for digital transformation and increased data literacy across the enterprise.
Most businesses are choosing advanced analytics for business users and there is a good reason for that! Even the largest businesses rarely have an unlimited budget for data scientists and the trend toward data democratization has revealed the value in enabling business users with a data and analytics platform that is easy and mobile and can provide clear, concise results for planning, issue resolution and management of results at every level within the organization.
A cutting-edge advanced analytics vendor takes an innovative approach to the data and analytics platform by focusing on Technology Leadership, Team Environment and a Customer and Partner Focus. A modern analytics platform should include predictive analytics for business users with cutting-edge business intelligence and data discovery tools.
