When Considering Advanced Analytics, Look for an Augmented Analytics Solution!
When a business is considering an advanced analytics solution, it must sell its management team and investors on the value and benefit of that solution and the merits of implementing such a solution or upgrading an existing solution.
The Benefits of Advanced Analytics are numerous but the advantages of augmented analytics go far beyond a standard advanced analytics solution. Advanced analytics supports the entire organization but if a business selects the wrong solution, it can restrict benefits to IT, data scientists and statisticians. Augmented Analytics supports the business and its team members with features that enable data sharing, ease-of-use, flexible reporting, auto-recommendations to achieve the right visualization technique for the type of data the user wants to analyze and guidance to ensure that the user can select the right type of Predictive Modeling to forecast and plan with clarity.
Businesses that can gather data from disparate sources and use historical data to understand trends and patterns and forecast for the future can establish and sustain a competitive advantage and plan more effectively and accurately, avoiding missteps in the market and costly mistakes.
If your business wishes to sustain a competitive advantage, if you as a user wish to advance in your career and build your value to the organization, it is incumbent upon you to embrace the trend of data democratization, data literacy and self-serve, augmented analytics.