If your organization is planning to implement advanced analytics tools or to democratize the use of data discovery tools, your IT staff and senior management are probably concerned about losing control of data access and about data security. Data governance is a real concern and it should not be minimized but there is no reason to change course and decide against data democracy just to accommodate data governance.
Self-Serve advanced analytics and data discovery software is an important competitive tool in today’s rapidly changing environment. Data resides in a lot of places within the organization and access to that data in an intuitive, integrated environment is important.
Augmented analytics, augmented data discovery, advanced data discovery…all of these terms can seem intimidating but they don’t have to be. In fact, it might be less intimidating to think of advanced analytics software as Smart Data Discovery. When you use that term, you acknowledge the most important factor in this process, namely that the software itself is ‘smart’ and that using advanced analytics tools is not a process that is limited to data analysts or data scientists.
ElegantJ BI, an innovative vendor in Business Intelligence, Augmented Analytics and Augmented Data Preparation, is pleased to announce its participation in the Gartner 2018 INDIA Data & Analytics Summit from 5 – 6th June 2018 in Mumbai, India. ElegantJ BI is proud to be a Silver Sponsor at this important event.
Augmented analytics can help your business users to find and understand critical data and to do their jobs more effectively. Without the knowledge of a data scientist or an IT professional, business users can perform advanced analytics, using features that guide and make recommendations at every step so that data is prepared, viewed and analyzed in a way that ensures clarity and a comprehensive understanding of trends, patterns, and data sensitivity and success thresholds.
Augmented Analytics and augmented data discovery is a form of advanced data discovery that automates data insight using machine learning and natural language generation. It automates data preparation and makes it easy for business users to enjoy data sharing.
There are so many new terms in the business intelligence and advanced analytics domain. So, what is augmented data discovery, and why is it important for your enterprise? Augmented Data Discovery (aka Smart Data Discovery), takes the enterprise beyond data monitoring and helps users discover the more subtle yet crucial factors that affect business success. It identifies hidden issues and patterns within the data so the organization can address challenges, capitalize on competitive and market advantages and plan for the future with more confidence. There are a couple of components to the augmented data discovery continuum.
The concept of Augmented Analytics may sound complicated (and it may, in fact, be a challenge for a software vendor to accomplish), but the new augmented data discovery tools are quite easy to use. Unlike the data discovery tools of old, business users do not need to look to the IT staff or data scientists to perform advanced data discovery.
Today’s business enterprise does not want to settle. If you plan to implement or upgrade your business intelligence solution, you would understandably expect to be able to use the other solutions your business users depend upon. Best-of-breed or enterprise solutions like Tally® for accounting and financial management, or SAP or Navision for enterprise-wide management are just such examples of software and solutions you would want to integrate and include in business intelligence and advanced analytics.
The Gartner Magic Quadrant is a well-known report and tool both for vendors and for prospective customers. The Gartner Business Intelligence Magic Quadrant offers in-depth analysis of the current market and predictions of where the market is going. There is no doubt that the Business Intelligence market has moved toward Advanced Data Discovery tools and self-serve tools like Self-Serve Data Preparation, and Plug n’ Play Predictive Analysis.
