Creativity is the lifeblood of an enterprise! But, it is easy to get into a rut and do what has worked in the past. If a business is to succeed, it must constantly generate new ideas and new ways to address the market and its consumers. Augmented Data discovery and the new world of self-serve tools has added an interesting dimension to this discussion as it encourages business users to become Citizen Data Scientists and encourages organizations to embrace data democratization.
Why would your business need Self-Serve Data Preparation? Perhaps you have a team that includes IT professionals that can prepare data for analysis or maybe you have a business analyst or a data scientist to serve that need. But, there are plenty of good reasons to consider data preparation tools that are easy enough for every team member to use.
Here’s some good news! If you want to predict or forecast results for your business, you don’t need to be a data scientist, a statistician, a business analyst, or a rocket scientist! Today, augmented analytics solutions provide all the help a business user will need to gather data, prepare it for analysis and then choose the right algorithm or analytical technique to analyze the data and get clear, easy-to-understand results.
Whether you know it or not, you know Natural Language Processing (NLP) very well! You use it all the time to ask questions on Google Ask a simple question, get a list of responses that meet your needs. What did we ever do before natural language processing? How else might we use it to simplify our lives?
If you are trying to convince your executive management or IT team of the benefits of augmented analytics, you really don’t have to look far for support. Augmented analytics benefits are numerous and, while some benefits are self-evident, many are more subtle and will be uniquely effective within you own enterprise.
Let’s cut to the chase! Results are everything and when you think of a task like preparing data for analytics, that task does not seem to have a direct connection to results. Or does it? Renowned technology research and analysis organization, Gartner, predicts that data and analytics organizations that provide agile, curated internal and external datasets for a range of content authors will realize twice the business benefits as those that do not.
‘Facts are to the mind what food is to the body’ ~ Edmund Burke ~
India is not exempt from the Corona Virus (COVID-19) and, as with every other country around the world, the prospect of infection and spread throughout the cities of India is a daunting idea. Facts, scientific and medical advice and information is what will get us through. In order to support the citizens of India with timely, accurate information and mitigate the risk of panic and the spread of misinformation.
The benefits of advanced analytics are many and with augmented analytics support, the benefits are even more numerous.
Let’s talk about data preparation! That often cumbersome, always complex process by which data scientists and IT professionals gather and prepare data for analysis. Data prep involves the extraction and transformation of raw data to prepare that data for analysis. It includes cleaning and reducing that data by removing outliers and standardizing data formats, among other things. Without data preparation, data analysis can often be misleading and incorrect – garbage in/garbage out, if you will.
Sometimes we are so focused on perfection that we do not see the benefit of agility. Consider the emergence of the brainstorming concept as an example. We learned quite some time ago that if used the brainstorming concept of freewheeling, non-judgmental discussion we could bounce ideas off one another and often come up with innovative ideas that would not have resulted from a discussion that was more restrictive.
