Won’t you believe? OK.
Can you resist your mobile phone?
You can’t resist, if you’re an entrepreneur. Even, it tempts a homemaker. Its viability has hooked almost every individual. It’s happening because of its powerful machine intelligence and machine learning. If you want to feel its influence, you can call for the ‘Google Assistant’. It won’t mind, if you ask it to text or even, request to send a picture to your friend.
It’s what the artificial intelligence in association with the machine learning has evolved. The business activities have gained momentum. Now, an entrepreneur can derive business intelligence in a wink. Just an access to the Google Analytics or premium data analytics tools is enough to reveal its upsides and downsides. Subsequently, making actionable decisions becomes a walkover.
There are many more transformations that help in overcoming business challenges. Go through these five transformations that data analytics has inserted:
1. GPU accelerates business intelligence:
A decade ago, the entrepreneurs used to translate the data entry into analytics manually. Gradually, the information technology is switching to the real-time data analytics. Now, the sensor-powered Internet of Things (IoT) has become a key supplier of the real-time data.
To stay ahead of the curve, traders try to win a competitive edge. The way to achieve that edge passes through an immediate analysis of those real-time datasets. Once you pull out the valuable insights, filter out the underlying innovative patterns. It could take you to the foremost position. The GPU (Graphical Processing Unit) by Nvidia is refined through merging CUDA codes. It’s quick at analyzing data, cost-effective and compliance to the specific power, airflow and temperature requirement. That’s why Google also prefers GPU computing.
2. Operations upscale:
The upbringing of innovation is possible, only if you have an easy accessibility to the real-time insights. The real-time data is, indeed, powerful. Amazon outshines among its competitors just because of its proactive churning of these data sets.
That’s why the online merchants are looking for the tools that derive real-time data analytics. The tools, like Inventory Lab, Appath and Skubana, are there to share the load of inventory management, shipping monitoring, data automation, integration, intelligent analytics and listing management. Their exquisite functions become a handy tool to scan, monitor and analyze at the very time when the data onboard any of these or contextual tools. Thereby, pulling out the viable decisions that are based on its intelligence is no more a big deal.
3. Birth of hybrid roles:
The data analytics is expanding by leaps and bounds. Therefore, the organizations need the talent that can walk hand-in-hand with the latest update in the business analytics. If you look at the data analyst profile on any job portal, like Indeed or Naukri, you won’t deny that his profile should have proficiency in understanding & using the algorithms. He should have an in-depth knowledge of machine learning. Even, they have to dig into the related data to turn it into meaningful information.
Isn’t it the birth of a hybrid profile? The prominence of the data analyst is blurring whereas the job role of a data scientist is gaining momentum. The business domain needs someone with hybrid skills to breed innovations.
4. Location insights in the real-time:
You sound like an insane, if you talk about location tracking in the real-time. But, I’m not building a castle in the air. Uber and Google Map exhibit the biggest achievement in this direction. Now, you can catch where someone is. Besides, you don’t have to stick in the traffic congestion for hours. It’s traceable now. While sitting in your car, you can access the roadmap, traffic congestion and also the alternatives to choose from for diverting your route.
From the business’ point of view, it’s an incredible innovation. Your drop shipping won’t be interrupted and hence, you live up the expectations of your clients/customers. Even, you can assess the performance of the logistics support. Its analytics delivers the cues to excel in your domain.
5. Smart insights in data visualization:
Today, the world is running on the fast track. You can pitch its speed with the smart insights. Assume the scenario wherein you need the insights of your sales department in a few seconds to make the deal with prospects. However, your enterprise might be a king of sales but, you fail to present it in the interactive way. Your prospects found your sales figures mere a bragging. But, you can turn them up with the help of the data visualization. It saves your valuable time that you mostly spend in convincing to your prospects. Even, you don’t need to be caught up in the meets. Just a teleconference with the handful of visual data can make your day.
To make it possible, you can use Google Data Studio and Google Charts. These are worldwide recognized free data visualization tools to cast impression.