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.
If your business spends a lot of time and money on the task of extracting, transforming and loading data (ETL) and preparing that data for analysis, you might want to consider the advantages of self-serve data ET. Self-Service ETL can and should be easy enough for business users so that your business can enjoy the benefits of advanced analytics without hiring a team of data scientists or IT professionals.
If you have attended technology conferences or read industry publications, you have probably heard the term ‘Data Literacy’. If your enterprise is considering undertaking an initiative to encourage and nurture data literacy in your organization, you may be looking for a better understanding of the concept and the benefits.
When you hear the term ‘Extract, Transform and Load’, does it make you want to run in the opposite direction? ETL, as it is called, refers to the process of connecting to data sources, integrating data from various data sources, improving data quality, aggregating it and then storing it in staging data source or data marts or data warehouses for consumption of various business applications including BI, Analytics and Reporting.
The term ‘data analytics can seem daunting to the average business user. Isn’t analytics something that is the sole domain of data scientists? No, actually it is not!
Can Your Business Achieve Self-Serve Data Prep? Lots of my friends talk about the difficulty of preparing data for analysis and how long it takes to get IT or data scientists or analysts to take on the project, get the data prepared and run reports or perform analytics. Frankly, this problem is a puzzle to me!
SSDP (otherwise known as self-serve data preparation) is the logical evolution of business intelligence analytical tools. With self-serve tools, data discovery and analytics tools are accessible to team members and business users across the enterprise.
Data prep can slow down analytics and cause delays. Self-service data preparation (when done right) can enable business users to leverage sophisticated, easy-to-use tools for self-serve ETL. Data extraction, transformation and loading (otherwise known as ETL) can be time-consuming and requires professional skills but self-service ETL will walk business users through an augmented data preparation process and take the complicated, confusing steps out of the process by helping the user make decisions on how to prepare, clean, reduce and use the data in the best way possible.
I won’t lie to you! The benefits of augmented analytics that includes self-serve data preparation for business users…well, those benefits are truly impressive! So, let’s cut to the chase. With self-serve data preparation tools, you can:
Business markets and competition are moving much more quickly these days and predicting, planning and forecasting is more important than ever. It is also important to ensure that every team member is a real asset to the organization and can contribute their knowledge and skill with full Insight into the effects and outcome of activities and processes and the ability to correct the course and make recommendations using clear, concise information. Advanced analytics is the logical tool to help a business optimize its investments and achieve its goals.
