New Approach to Managed Data Analytics
Managed Analytics as a Service empowers enterprises to automate the process of turning data into insights, further facilitating your business's achievement of goals such as customer retention success and predicting customer behaviour using predictive modelling and 360-degree Customer View to understand customers.
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Enterprise Data Silos across the departments and Leveraging all Data assets for Compliance, Audit, and Security is a time-consuming task.
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Delivering change requests ( BI and data warehouse applications) and mapping business objectives require collaboration within the defined SLA across the IT and business units.
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Organizational Effectiveness and Efficiency Depend on a few critical people to deliver critical projects for a competitive edge.
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Digital transformation and cloud migrations and upgrades are time-intensive and cause delays in reporting analytics.
Customer Analytics Services empower Enterprises to target customers using personalised product service recommendations and predict customer behaviour using predictive modelling. From Customer Analytics Solutions and Services
XenonStack Supports organizational design and develops an analytics function that brings operational efficiency and Value to the business.
With Managed Analytics as a Service (MaaS), Enterprises can -
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Interpret your data in more profound ways.
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Enable fact-based insights into your decisions.
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Enhance customer experience with AI-based forecasts.
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Drive customer Intelligence and Customer Loyalty.
Analytic Processes Maturity Model (APMM) by Robert Grossman
The APMM described here is based on a framework for analytics that divides analytic processes into six areas:
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Building analytic models - The process of building an analytic model takes as the input i) data and ii) the appropriate business requirements and produces an analytic model as the output.
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Deploying analytic models—These processes integrate a developed analytic model into an organization’s products, services, and operations to deliver the desired business value.
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Managing analytic infrastructure - Managing the IT infrastructure required to build and deploy analytic models (as mentioned above, we call this analytic infrastructure following (Grossman, 2009)) has historically been challenging for many organizations but is becoming even more so as the volume, velocity, and variety of data grows. Analytic infrastructure includes both the IT infrastructure for building and deploying models.
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Operating an analytic governance structure - Operating a governance structure to support analytics is critical since those selecting analytic opportunities, building analytic models, deploying analytic models, and managing data required for building and deploying analytic models are usually in different organizations. Without analytic governance, it is difficult for most organizations to build and deploy analytic models successfully, much less do this with a repeatable process. Analytic processes are required for building and deploying analytic models.
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Providing security and compliance for analytic assets - A growing priority of IT organizations has been IT security. Analytics and big data present some additional challenges, such as ) protecting data privacy when side-channel attacks on data are growing increasingly easy; ii) managing analytic infrastructure for big data, which can be so large that manual processes for infrastructure provisioning are no longer adequate; iii) and following appropriate security and privacy procedures when working with third party data. Setting up appropriate security and compliance processes to reduce risk, protect analytic assets, and satisfy required regulations is an important component of a mature analytic organization.
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Developing an analytic strategy - Developing an analytic strategy and using the analytic strategy to select appropriate analytic opportunities. Almost all organizations have more analytic opportunities than the resources required by the opportunities, and the first set of processes involves selecting which analytic opportunities to pursue based on the organisation's short and long-term requirements and opportunities.
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Key Skills for Managed Data Analytics
Data analytics requires knowledge of more than just analytics. Data engineering and operations skills also matter, which is usually termed data ingestion, when collecting the required data. Data Ingestion is not a one-time process; it needs regular data updates and monitoring for any changes in the data structure.
Data Ingestion
Data is not always readily available. Data must be distributed in more than one space if it is available. Fetching data is the first and foremost task here to work on it. There are different ways to fetch data to storage, where basic analytics will happen. API and regular Update jobs are two of them.
Data Engineering
Different programming skills are required for the mould or derived for requirements.
Different Types of Analytics
Analytics has different purposes, which are defined based on the business requirements. The analytic reports always point to the business value of the data. Different types of analytics are applied to various phases of projects and hold particular importance.
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Descriptive analytics
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Diagnostics
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Predictive analytics
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Prescriptive analytics
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Benefits of Managed Analytics
Effective Business Insights
Managed Analytics services extend practical business insights, support businesses in Identifying KPIs within data, and further facilitate better Business Decisions.
Leading Analytics Tools
Leverage and make the most beneficial use of the best tools and technologies to simplify operational procedures and analytical processes.
Reduced Total Cost of Ownership
With Managed Analytics solutions, Businesses can decrease the Total Cost of Ownership (TCO), enabling Quick, responsive access to data and facilitating real-time operations.
Customer 360-Degree View
Building a 360-degree customer view helps in Customer alignment and drives customer Intelligence and Customer Loyalty.
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Top Reporting Tools for Managed Data Analytics
The reporting tools are built to facilitate the visualisation and presentation of data. Thus, Analysts can spend more time on business requirements and logic than creating visual presentations. Most reporting tools have drag-and-drop functionalities, making it easier to start. Data modelling and integration features make these tools more favourable for analysts.
Excel
Excel is an easy tool for analysis. It is simple and has excellent functionalities. Formulas and Macros can take it to another level, but their abilities are limited. The built-in Pivot table and other visualisation features make the analytics reports easy to understand.
Power BI
Power BI is designed to make reporting more accessible, with hundreds of built-in features. It has various data connection abilities that allow it to connect with more than 100 databases. Easy steps and drag-and-drop make it the first choice of reporting analysts. Data modelling and DAX usage can be tricky to start. Also, setting up gateways and Optimising requires more knowledge of the tools.
Tableau
Tableau is another tool for visualizing data. It includes Tableau Desktop, Tableau Server, Tableau Online, Tableau Vizable, Tableau Public, and Tableau Reader. Tableau has better and easier features than PowerBI, but it is also expensive.
SSRS
SSRS is a Microsoft SQL Server Reporting Services product. It has limitations but is cheaper than PowerBI and Tableau.
Managed Analytics Service Options
XenonStack offers managed services in several models, i.e., consulting, managed solutions, and subscription-based services, including Data as a Service and MetaData Platform as a Service.
Search Based Analytics
Cloud-enabled search Analytics Solutions to help Enterprises build powerful search applications with enterprise search engine characteristics and implementation services.
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Enterprise Search Applications Assessment
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Search-based analytics applications Development
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Search relevancy improvement
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Cloud Based Search
Artificial Intelligence-Driven Analytics
Artificial Intelligence-driven analytics services for Empowering Enterprises to leverage analytics for gaining Real-Time insights and developing scalable and Integrated Machine Learning Applications.
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Model Designing and Development
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Machine Learning Governance
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Managed Cognitive Analytics
Data Discovery and MetaData Platform
With the Enterprise Data Discovery and MetaData Platform, enterprises can Empower self-service capabilities and discovery for important data. Metadata solutions present a comprehensive view of data associations, enhancing the data's quality and confidence.
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Data Quality and Governance
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Data Visibility
Business Intelligence and Data Visualisation
XenonStack offers Business Intelligence and Data Visualisation Services for Business Intelligence Dashboard Development, BI Implementation, and BI Architecture design. Enterprise Data Visualisation Services offerings for -
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Business Intelligence Consulting
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Business Intelligence Dashboard Implementation
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Data Visualisation with Web Assembly
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Real-Time Visualisation for Actionable Insights
Building Real-Time Integration Platform with Data Governance and Data Quality Best Practices. From the Article, Data Catalog Platform for Data-Driven Enterprise
Xenonstack helps businesses with the best possible solutions using the latest technologies. The teams here are well-versed in all data management and analytics techniques that require data-driven decisions.
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