What,the,future,Data,Discovery marketing What is the future? Data Discovery or Traditional Business I
Awhile ago, I got an email from one of the "gurus" I follow and it shocked me. The gist of it was this person wanted to trade services for a household item.To say it floored me would be an understatement.What was worse was a few days later t Automation technologies represent a fundamental aspect of any modern industry. The major types of industrial automation solutions, such as DCS, PLC, SCADA, and MES, are used on a large-scale in process and discrete industries.DCS technologie
We reached a point where almost all the decisions related to business are taken by using data. The requirements of business users are becoming more and more complex with growing competitive landscape and increasing availability of data. The competition between various BI tools is getting heated up as every organization is turning towards data analytics to generate insights. Data discovery or knowledge discovery is nothing but detecting patterns in a given data. Data discovery tools were basically designed to resolve the need for speed, where as traditional Business Intelligence solutions were developed to deliver any imaginable analytic issue and one universal overview of the business. Even though both Data Discovery and BI provide tools to the end user to visualize big data, Data discovery emphasizes more on the users and less on technical aspects. It focuses on developing more dynamic and easy to use reports where as Business Intelligence requires a well trained and proficient team to develop strategies.So, what is the future? Traditional BI or Data Discovery?Business Intelligence is everything from the tools and technologies to developing methodologies and practices that aid organization in decision making process, where as Data Discovery is only a small part of BI. The problem with traditional Business Intelligence tool is, it is very challenging to implement and difficult to use. To develop a very extensive, powerful BI product, an organization has to bring together a team of capable data scientists and business analysts. This team would then gather the corporate data to develop highly accurate reports that are used for high-level decision-making process.But what if a user who has only minimum access to data and no team of data scientists wants to have a quick overview of the process? Here Data discovery tools come into play. They provide quick and visually compelling analysis and allow user to overcome the barriers of need for technical expertise and access to corporate core data.Even though, data discovery tools justified the need for speed and simplicity, it is not enough to strike down traditional BI. Sure, it is very useful for data savvies in today’s enterprise as it gives quick answers, but it lacks the capability to make extensive analysis that is used to take high-level organizational decisions. This is where BI excels. So it is not the question of which one is the victor, Data discovery or Traditional BI, it is the mix of both. The gap between complete business analytics and agility is disappearing as new developments bring the quickness and ease of data discovery tools to traditional BI tools. A single layer of organization data is created by automating the process of merging the data from different sources in an organization. Any rational user can get quick answer for any business related question eliminating the need to rely on a team of data scientists or business analysts to bring the data together. After all, the main goal of any Business Intelligence tool is extract and analyze the data to generate insights by transforming it into understandable format that can be used to take business decisions. Article Tags: Traditional Business Intelligence, Data Discovery Tools, Data Discovery, Traditional Business, Business Intelligence, Discovery Tools, Data Scientists
What,the,future,Data,Discovery