Not alone data but analytics is transforming business
Data is the key to successful business and so is the technology being helping hands in transforming your business. Data as key helps you take the decisions to drive the business but all in the race not alone data can drive business decisions. They help companies compete in productivity, market challenges and better servitude for its customer. Data without analytics is again a half story and when we combine both data and analytics we get into a completely different story. Analytics plays a smart move with data and helps to identify the valuable insights and turn the data into something that the company can really act and get the most of out of it.
Data being a valuable source, but it doesn’t matter about the counts but what really matters is what you really do about it. Without the integration of analytics, no matter what data you brought seems to be useless. According to source projects majorly fail due to difficulty in integrating analytics into their existing processes.
The combination with analytics big data is becoming transformative. An insurance company saved millions and lowered customer cancellation rates by 40% using Apache Hadoop to analyze millions of quotes in seconds. This really helped to deliver valuable insights that were easy-to-understand. The company saved millions with proper integration of analytics to its data. It’s not just the integration but the accuracy after it.
Hence just like the insurance company, there are various sectors using data with integration to analytics. Meanwhile, developers are using real-time data streams and transforming the business. Proper analytics of data collection does not only give you valuable insights but also helps to predict potential problems that help companies from financial loses. It reflects the essential data to improve their experience.
Now it comes how can you make sure you’re putting the company’s valuable data to good use. It starts with planning, you need to get prepare the data, refine them and then combine them into streams that can be best used for analytics. As it is not really that difficult to find the stones from the sack of your rice. Thus, doing so you would come out with some business challenges and you might solve it with some accurate and relevant information.
Analytics put weight into your data that helps taking better decisions which is a combination of the right process, right data and the technology to empower it. The data and the processes are up to you. You can do it the best way you can, and the result is all yours. Major industries are taking benefits with the integration of analytics into their data and gaining valuable insights for their companies.
Are you ready to integrate your data with analytics as this is how the show is being played and the chances are great streams of insight. Thus cultivating a data-driven culture, where insight, not the feeling, drives things forwards, and where companies can move faster to seize on opportunities and counter issues, this is how it works data-analytics.