The technology research firm, Gartner has predicted that, ‘predictive and prescriptive analytics will attract 40% of net new enterprise investment in the overall business intelligence and analytics market.’ When combined with Citizen Data Scientist initiatives, the adoption and use of predictive modeling and forecasting techniques can be a boon to any enterprise. Team members who have access to augmented analytics and assisted predictive modeling can plan better, predict more accurately and dependably meet goals and objectives.
Tag: Smarten Analytics
The What and Why of NLP Search Analytics and How it Can Help Your Business!
If your business is considering an advanced analytics solution, your IT and management team has probably already done some research and concluded that the concept of augmented analytics designed to support business users is the right way to go. To democratize data, improve data literacy and transition business users to the Citizen Data Scientist role, the business must select the right solution and plan for success.
Business Users & Data Scientists Benefit from Citizen Data Scientist Initiatives!
A business that does not optimize its resources is doomed to fail. In this rapidly changing business environment and market, every organization must make the best of precious human resources. No one has enough funding to hire additional resources to get the job done and, when there are extra funds, those funds are quickly earmarked for new products, marketing and other crucial activities.
Smarten is pleased to announce the addition of Sentiment Analysis features and functionality to its innovative, augmented analytics solution. Sentiment Analysis enables businesses with easy-to-use tools that provide insight into what customers, stakeholders and others are thinking, thereby allowing business teams to improve products and services.
If your business is ready to implement a BI tool and augmented analytics solution, there are some things you will need to do first. If you plan correctly, you will enjoy a successful implementation. If you do not perform an assessment, understand your requirements and choose the right option, you are likely to fail in your initiative and your ROI and TCO will not meet expectations.
Include Self-Serve Data Preparation in Your Augmented Analytics Solution!
Gartner predicted that ‘…data preparation will be utilized in more than 70% of new data integration projects for analytics and data science.’ If your business is not already including this approach in analytics and decision-making, it is missing a crucial link to success. Self-serve data preparation and augmented analytics solutions are now more popular than ever. By democratizing data and improving data literacy, the business can do more with less. But the sheer volume of data within an organization can be challenging.
What Are the Advantages of Mobile BI and Augmented Analytics?
A recent report revealed that by, 2028, the Augmented Analytics market is projected to reach USD 46.26 billion at a CAGR of 24.30%. The business intelligence solution market has evolved into augmented analytics and these solutions designs have progressed to support average business users with simple solutions that combine sophisticated analytical techniques and algorithms with easy navigation, reporting and insight.
Address the Challenges and Enjoy the Benefits of Self-Serve BI Tools!
If you are a business manager, senior executive, IT professional or analytical professional, you are probably well aware of the emergence of business intelligence solutions, BI tools and augmented analytics for business users. In all likelihood, you have been hearing about these trends in annual conference and industry journals. If your business has not yet adopted such an initiative, it is likely to do so within the next year. But it might surprise you to know that, world renowned technology research firm, Gartner, predicts that ‘By 2022, augmented analytics will be ubiquitous, but only 10% of users will use it to its full potential.’ Given the focus and effort invested in business intelligence and augmented analytics, this prediction is disappointing, but understandable.
3 Benefits of Making the Transition from Business User to Citizen Data Scientist!
If you are a business owner, executive or manager, you have already heard about (and are probably implementing) strategies for Citizen Data Scientists. If you are a business user, you may be hearing rumblings of this in your everyday work and wondering exactly what this type of initiative means for you and why you should consider it beneficial.
Business managers, owners and senior executives really want to do the right thing! The goal is always to improve the business, to hire the best staff and to satisfy customers and partners. To do that, the business must build a foundation of business processes, policies, technology and software that will support goals and objectives and make it easier, more timely and more efficient to perform tasks and complete activities.
