Techiexpert.com
No Result
View All Result
  • Tech
  • Startup
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
No Result
View All Result
  • Tech
  • Startup
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
No Result
View All Result
Techiexpert.com
No Result
View All Result

Proven, Rapid ROI Assures Project Funding for Augmented Analytics Projects

Kartik Patel by Kartik Patel
March 19, 2019
in Tech news
0
Proven, Rapid ROI Assures Project Funding for Augmented Analytics Projects 1
9
SHARES
127
VIEWS
Share on FacebookShare on Twitter

As business organizations fight for competitive advantage, funding for projects and large expenditures can fall by the wayside. In today’s competitive business market, every senior executive looks at risk, value and calculations like return on investment (ROI) and total cost of ownership (TCO) before approving a budget.

When it comes to Advanced Analytics, businesses large and small may hesitate to invest the time and effort in choosing and implementing a solution. Although Data Democratization and Data Literacy are topics of earnest discussion, the average enterprise may feel that the expense and time required will not provide enough impact to the bottom line. Nothing could be further from the truth!

The Gartner report entitled, ‘Augmented Analytics Is the Future of Data and Analytics, published on October 31, 2018, includes the following strategic assumptions:

By 2020, augmented analytics will be a dominant driver of new purchases of analytics and BI as well as data science and machine learning platforms, and of embedded analytics.

When a business chooses a self-serve advanced analytics solution, the benefits go beyond cost-effective, collaborative tools. With the right solution, business users can leverage features like Self-Serve Data Preparation, Smart Data Visualization and Assisted Predictive Modeling to produce reports, share data and make decisions using data integrated from multiple sources in an environment that allows for auto-suggestions and recommendations.

When an advanced analytics project is brought before a budget or funding committee, it is far easier to gain approval when that project is one that will provide numerous benefits across the enterprise, e.g., business users can leverage core knowledge and skill to produce and share meaningful reports and data, and data scientists and analysts can optimize time for more strategic projects that require 100% accuracy. These are just two of the benefits provided by an augmented analytics environment.

These auto-suggestion and guided recommendation tools ensure that users are not left on their own to decide how to prepare data or what techniques to use to forecast and predict. Smart visualization allows users to see data in the right way for the type of data they are analyzing so the conclusions they draw are clear and concise.

These tools encourage adoption and create power users and an environment of creativity where users can share and learn from each other and from the data and results produced. The organization will gain valuable insight into the types of reporting and data that are helpful in making decisions. The enterprise can move from error-prone spreadsheet analysis and guesswork to uniform, flexible tools that allow for comprehensive analysis.

Augmented Analytics allows for sophisticated analytics, using algorithms and analytical techniques in an easy-to-use environment that is not intimidating and does not require advanced analytical skills so every business user will add more value and become a real asset to the organization. By combining knowledge and skill in their area of expertise with simple analytical tools, each business user can contribute to the bottom line.

Because these augmented analytics tools pay such rapid and certain dividends, funding for projects is easier to secure. By implementing these advanced analytical tools, the enterprise will achieve rapid ROI and low TCO and the organization can improve data literacy and transition business users into Citizen Data Scientists.

Tags: Augmented analyticsAugmented RealityBigData analytics
Share4Tweet2Share1Pin1

Popular this week

  • Y2Mate.com 2023: How to Download Videos and Audios

    Y2Mate.com 2023: How to Download Videos and Audios

    562 shares
    Share 225 Tweet 141
  • Top 10 Omegle Alternatives you might like

    436 shares
    Share 174 Tweet 109
  • Global Cybersecurity Innovator, Zeron, Secures $500,000 in Seed Funding

    75 shares
    Share 30 Tweet 19
  • What is windows modules installer ? How to Enable/Disable

    181 shares
    Share 72 Tweet 45
  • The Impact of AI on the Diamond Trading Business

    24 shares
    Share 9 Tweet 6
  • How to Find Condo Games on Roblox

    117 shares
    Share 47 Tweet 29

Popular Sections On Techiexpert

Artificial Intelligence Big Data Blockchain Blogging Cloud Computing Data Analytics How to Internet Of Things Machine Learning Marketing Trends Social Media Startup news Tech news

Latest Stories on Techiexpert

Predicting Internal Corrosion in Energy Pipelines with Data-Driven Insights

Predicting Internal Corrosion in Energy Pipelines with Data-Driven Insights
Share4Tweet3Share1Pin1

Basic Tips for Selecting the Best Forex Broker

VPS Helps Forex Trading
Share5Tweet3Share1Pin1

5G-Powered IoT-Driven Smart Cities Take Shapes

5G-Powered IoT-Driven Smart Cities Take Shapes
Share5Tweet3Share1Pin1
  • Privacy Policy
  • About Us
  • Contact us
  • Cookie Policy
  • Write For Us

© 2016-2022 All Rights Reserved

No Result
View All Result
  • Tech
  • Startup
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain

© 2016-2022 All Rights Reserved

Cookie Law Notice
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
SAVE & ACCEPT
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.