Published On: Fri, Jan 25th, 2019

Finer Details for the Greater Data Backup and Analysis

The main purpose of innovation has always been to support decision-making. According to the expert, analyzes continue to be the most important technological priority for companies around the world, as it has been over the past decade.

But decisions are more important than ever. In today’s rapidly changing markets, the future is for flexible companies that can quickly adapt. Having the right information at the right time and having the opportunity to use it – in other words, to have effective analyzes – is increasingly the difference between survival and oblivion.

innovation sign

photo/ Michael Jarmoluk via pixabay.com

From a world-based process to a world driven by data

In the world of analyzes we are accustomed to data-producing processes to be used for analyzes. But now the data is used to create processes of digital transformation. With these new digital processes, the different steps constantly change depending on algorithms and real-time information. With Abakion the backup options will be.

For example, think about consumers buying products. In the past, it was a relatively linear process: you see advertising, go to the store and make a purchase. But now we live in a much more complex, empathic world. Most advanced companies optimize overall user experience by using real-time analytics at any time of interaction – directing customers to the best result.

The result is that each customer follows a unique, customized data-driven and analytical process. And these processes change automatically with changes in data, making them more flexible and nimble and more suited to today’s rapidly changing markets.

Analyzes are part of the products and services offered by the companies

Companies go from selling products to creating experience, experience, and data is an extremely important part of the process. Whether it’s time to determine how long the charges will be charged, the quality of books recommended in an online bookstore or the ability to analyze B2B invoices, the data is increasingly a direct part of the user experience and what distinguishes you from your competitors.

This means that your product manager needs to be able to experiment with data in new ways, testing and taking further steps on customer experience. To do this, we rely on the available platform for analysis and require more creativity and flexibility than in the past.

Directly “redemption” of data

Today it is easier than ever to provide inputs of information, turning data directly into revenue.

Some collect huge volumes of information to maintain their business, but others could take advantage of it. By summarizing, accumulating and turning it into anonymous, information can be sold to different customers – creating a new business model based on data. Trader data can reveal important information about brand selection. Data from phone companies can show estimates of human traffic flow to stores.

What your next steps should be

  • Digital transformation means that data becomes more important than ever. Here’s how to get more of your investment into analytics:
  • It is time to focus efforts on best practices for analysis – especially on data quality.
  • Refer to the innovative teams in the organization that change the overall user experience and make sure you are ready for the new role of the data.

Author: Mahendra

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