Founder and CEO of Elegant MicroWeb, specializing in software services and products, outsourcing services and Digital Transformation Services.
Digital Transformation Success Depends on Your Team Strategy
In recent studies, 49% of the organizations surveyed about Digital Transformation (Dx) initiatives reported that Dx gave the business the ability to better manage business performance through data availability. When it comes to Digital Transformation strategies, the wise enterprise knows to involve its team members in the requirements planning and in planning for execution and transition.
Why Should My Business Take on Digital Transformation?
According to an Accenture study, ‘30% of companies are still considered laggards in technology adoption and innovation.’ Hopefully, your organization is not among those laggard companies! Digital Transformation (Dx) is important for many reasons, not the least of which is competitive positioning. If your business is not actively working on improving its digital response, work processes, approval procedures and customer interaction, you are already behind the competition!
NLP Search Analytics Speaks Business User Language!
If you are trying to implement data democratization and analytics for business users but your team members are intimidated by analytics, there is some good news! If you choose the right solution, you can provide these tools to your users in an environment they will adopt with simple features and processes that are familiar to them.
There is Good Reason to Use a Mobile BI Solution
According to Global Industry Analysts, Inc., the global mobile business intelligence market has been valued at $8.8 billion and is expected to reach $29.6 billion before the end of this decade, at an 18.9% CAGR. One does not have to look far to understand why mobile BI tools are growing in popularity. No business will spend money frivolously and every business must justify its investments so, if your competitors are investing in mobile business intelligence, it is because the returns and benefits are clear.
Will My Career Benefit from Becoming a Citizen Data Scientist?
As a team member within a business environment, you may be aware of the term ‘Citizen Data Scientist.’ This term has been around for some time and was popularized by Gartner. Gartner says that a Citizen Data Scientist is "a person who creates or generates models that leverage predictive or prescriptive analytics, but whose primary job function is outside of the field of statistics and analytics."
Business Use Cases Can Help Users Understand the Value of Augmented Analytics
Gartner predicts that, ‘Through 2025, 80% of organizations seeking to scale digital business will fail because they do not take a modern approach to data and analytics governance.’ In order to succeed in market competition and increased performance, every business must consider the addition of self-serve augmented analytics for business users. Giving team members these tools assures that data is integrated and used to make fact-based decisions with measurable results.
Embedded BI Benefits: Improved ROI, TCO and User Adoption
Recently, a Forbes article entitled ‘The Competitive Advantages of Embedded Analytics’, focused on embedding analytics within solutions and apps, stating that ‘By embedding analytics and insights into your company’s applications and products, you can empower your end users to get the answers they need.’ One of the often-overlooked advantages of this strategy is the improvement of return on investment (ROI) and total cost of ownership (TCO).
Implement Mobile BI and Augmented Analytics
Statista surveyed numerous vertical industries, including Financial Services, Government, Healthcare, Manufacturing, Professional Services, Retail, Software Technology, and Telecommunications and 31% to 61% of these industries identified mobile analytics as ‘very important’.
Augmented Analytics Tools Can Enable Data Democratization
What is business intelligence democratization? Put simply, BI democratization is the open access to business intelligence and analytical tools to enable analysis and understanding of the data within the enterprise systems. The ‘democratization’ component relates to the ‘who.’ Who gets access to the data? The simple answer is: everyone.
Citizen Data Scientists Engender Continuous Improvement
If you have spent any time in the world of business, you have heard the term, ‘continuous improvement.’ As the name suggests, Continuous Improvement is meant to be ongoing. When an enterprise institutes a continuous improvement process, it does so with the intention of improving products, services, process efficiency and overall effectiveness, in order to improve and sustain competition. Some of these changes will create breakthrough improvements and some will be small, incremental changes, but all are meant to keep the business on track and moving in the right direction.