Goodbye Death by Dashboarding: Five Critical Outcomes AI and BI can Deliver to the Enterprise
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Take a moment to think about how many times you’re interrupted by your phone or computer in a day. DING – new email. RING – someone’s calling. BUZZ – text message. DING – two more emails. POP-UP BANNER – new Instagram/Facebook/Twitter/LinkedIn notification. BUZZ – another text. And that’s just in the span of five minutes!
There’s no denying data plays a crucial role in business decision making, but organizations today face a conundrum of a different kind. In many cases, the abundance of analytics and dashboarding can be as overwhelming as the flood of data that preceded it.
Has your organization explored the principles of augmented analytics? As data increasingly becomes available to users across organizations, now’s the time to become fluent.
Analytics, it seems, are everywhere. Many companies may find the flood of analytics as overwhelming as the flood of data that preceded it. But if your organization wants to make sense of all that data and make the most of opportunities in strategy, operations and people, it needs to understand how augmented analytics can enhance its business.
What exactly qualifies a vendor to be included in the Magic Quadrant? Augmented Data discovery. According to the latest Gartner Report, By 2020, the number of users of modern business intelligence and analytics platforms that are differentiated by augmented data discovery capabilities will grow at twice the rate — and deliver twice the business value — of those that are not.
Gartner highlights augmented analytics as a strategic planning topic, a paradigm that includes natural language query and narration, augmented data preparation, automated advanced analytics, and visual-based data discovery capabilities. These features will be commonplace in the space during the next several-year period, so much so that they will be included in 90 percent of available products.
Problems in business are not uncommon. This is usually because as the business grows, it changes, and external factors also change. However, proper definition of problems will mean that they become easier to solve. Augmented analytics has a huge role to play in solving business issues. Mainly because data shows everything and as such, problematic areas are easier to identify, rectify and monitor. According to HISCOX, Forbes, and the Lean Methods Group.