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.
Getting Started on the Citizen Data Scientist Path!
If you follow technology publications and predictions, you know that Citizen Data Scientists are the big news for business. By transforming business users into Citizen Data Scientists, the business can leverage the professional skills and knowledge of an individual team member and combine that knowledge with data analytics to get the best answers, forecast and predict, solve problems and identify business opportunities.
Data Quality vs. Data Agility – A Balanced Approach!
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.
Why is Social Business Intelligence Important for My Business?
If your business is planning to implement self service business intelligence, you may be focused on cascading data analysis and fact-based decision-making throughout the enterprise and, hopefully, your focus includes improving the data literacy of your business users and team members.
How does an organization help the self-serve advanced analytics model grow and thrive? Responsibility lies in a number of places within the enterprise.
Analytics for All: You Can Serve Business Users AND Data Scientists!
I hope you would agree that every team member in your business is an important and valuable resource. When we talk, in the tech world, about self-serve apps and the concept of cascading analytics to everyone in the organization, managers and team members start to get nervous.
Why Should Your Business Users Want to Become Citizen Data Scientists?
You have probably heard a lot about the benefits of transforming business users into Citizen Data Scientists by deploying an advanced analytics platform. Let’s say you did your homework and found just the right solution so that all your needs are met and your business users can happily embrace the solution and become empowered – and in so doing, add value and accountability to your organization.
How does one measure the effectiveness of a new Augmented Data Discovery solution? Once the business has chosen data democratization and implemented a self-serve analytics solution, it must measure ROI & TCO and establish metrics that will compare business results achieved before and after the implementation.
Encourage Data Literacy and Achieve Results with Assisted Predictive Modeling!
If you want to include predictive analytics and forecasting in your planning process, there are numerous analytical techniques and algorithms at your disposal.
Citizen Data Scientists are Not Born, They are Created!
Data analytics software used to be reserved for data scientists, analysts and IT staff but not today! Talk to any business colleague or pick up any technology analyst article and you will find plenty of discussion about the current use of data analytics tools and impressive predictions about the growth of this market. There is a reason for that popularity and growth! Businesses have discovered the value of business analytics and the benefit of taking the guesswork out of planning, problem solving and decision-making.