Data-driven businesses are set up better for success, 19 times more likely to be profitable and 23 times more likely to acquire new customers, creating competitive advantage, understanding customers and driving growth. In fact, according to Forrester, insight-driven businesses grow at an average of 30% each year, and are predicted to take $1.8 trillion annually from their less-informed industry competitors.
Unfortunately, however most companies do not get there because their analytics projects fail. This is mostly due to not utilizing accurate data or relevant data, no action plan on what to do with the data, or not identifying a specific business question at the outset for the outcome to be meaningful to the company.
Our mission in building our configurable data platform is to maximize the impact of analytics and empower better decision-making that ultimately leads to better outcomes. The platform contains all the elements of a data fabric, from the connected data sets germane to specific categories to data classification technologies and taxonomies designed to extract deep insights and data access tools via business-ready analytic models to integration capabilities that allow business to manage the analytics in their native environment. By bringing all these components together, Signals Analytics makes it easier for enterprises to deploy analytics without having to rely on precious resources.
But technology alone is not a harbinger of success. Successful deployments of analytics require delving deeper to understand how to match the platform to the needs of the business and how to fit it into the workflow of the teams.
There are 6 steps that we take with our clients to help them buck the trend and apply best practices in analytics to drive success and unleash data’s potential in the enterprise.
Customers who have deployed Signals Analytics report three times higher product success rate, shorter time to market and fewer modifications post-launch, driving growth and success and linking direct ROI to their analytics deployment.
To get started on your deployment, click here.