What exactly is deep dive analytics? It might help to think of deep dive vs. simple analysis as a comparison similar to a one-ingredient dish vs. a dish with multiple ingredients, flavors and aromas. Which would you rather eat? Exactly! You want something that provides all the flavors and the experience you need in dining.
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.
The benefits of advanced analytics are many and the current support in the market for business user access and data insight provides expanded advantages of advanced analytics.
Data analytics is a necessity in today’s competitive business market. It isn’t enough to guess at the cause of a problem or guess at the results you expect next year. In order to compete, you will need business analytics and self-service BI tools that allow each one of your business team members to see and use data in a way that is meaningful to them and that will help them to do their job more accurately, to make better decisions, to share and use data with confidence.
You know Tally® ERP! It is a very popular accounting and finance related solution that allows business users access to crucial information for analysis, update, and decision-making. The Tally app is a desktop application that has recently added mobile access and, with that mobile access, the popularity has soared even higher!
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.
When you choose a BI tool that is appropriate for your business users, you may be focused on ease-of-use and on Citizen Data Scientist and data democratization and data literacy initiatives but, don’t forget your analysts, data scientists and IT team members!
What is predictive analytics? Put simply, predictive analytics is a method used to forecast and predict the future results and needs of an organization using historical data and a comprehensive set of data from across and outside the enterprise.
Why is smart data visualization important? Consider how difficult it would be to put together a jigsaw puzzle if you were blindfolded. You might have access to all the pieces, but you could not truly see the picture unless you were able to visualize the outcome.
Business intelligence and analytics is not just for data scientists or IT professionals anymore. If your business is going to be successful, it must compete and it must solve problems, find opportunities and plan with accuracy. There is no time for a misstep in the market!
