While many businesses are still reeling from the impact of the global pandemic, others seem to manage quite impressively. You may wonder, what are successful companies doing differently to thrive in the current economic climate?
Aside from having the essential digital infrastructure in place, the key technology enabler is Data Intelligence. Future-ready companies are increasing their investment in data analytics and business intelligence tools to stay ahead of the pack.
Here are 5 emerging data intelligence technologies that you can leverage today to become the smart enterprise of the future.
1. Predictive Security Analytics
The average cost of a data breach worldwide is 3.86M USD per incident. At this rate, the value of cyber insurance premiums worldwide is estimated to run as high as 20BN USD by 2025 with 51% of organizations paying the ransom after an attack.
When it comes to data breaches, predictive security analytics can help businesses with a limited security staff stay ahead of attacks. Predictive security analytics tells them where threat actors tried to attack in the past, so it helps to see where they’ll strike next.
The variety and volume of data involved in data breaches are overwhelming. Predictive security analytics automates much of the workload. However, it’s still essential to have an expert interpret the findings and patterns.
It starts with a collection and analysis of threats, i.e. malware, data breaches, phishing campaigns, and so on. Relevant information is extracted then used to spot a cybercriminal’s attempt to exploit an operating system or an app’s vulnerability.
Predictive security analytics then raises a red flag when a cybercriminal threatens the organization by analyzing the signatures and comparing them against files, network traffic, and emails that flow in and out of the network to detect abnormalities.
Predictive security analytics is not a cure-all. It’s just one among many solutions to preventing data breaches.
2. Enhanced Cloud Visibility
2020 saw a massive move to the cloud with companies having enhanced access to data to maintain collaboration and productivity across a globally distributed workforce. Today, data intelligence can be flexibly deployed on public, private, hybrid, multi, or cloud microservices, to ensure security and compliance at all endpoints. By harnessing the power of data, businesses can garner true visibility and valuable insight to their vast cloud environment and guide their strategy.
3. Unified Data Management
Businesses can now run powerful data intelligence programs on auto-pilot using ML/AI and empower teams to make timely and informed decisions. To make sure they are not missing out on valuable data, analytics platforms have included ingenious additions to help businesses consolidate, explore and enrich their data for analysis. These are becoming native features of an advanced business intelligence workflow, which includes data integration, preparation, management, insighting and visualization.
4. Decision Automation
A widely distributed network of users and applications is creating multiple points of consumption for data intelligence. For instance, the adoption of natural language query (NLQ) capabilities into customer conversations that can deliver in-context analytics, is emerging as a vital functionality. This insight enables AI and ML to execute the appropriate action across multiple points in any business workflow.
Decision intelligence is also an invaluable outcome of AI and ML – delivering best practice frameworks at scale.
5. Data Storytelling
Businesses are looking beyond the constraints of the ROI and utility of dashboards for richer, more dynamic content. Some of these data stories come in the form of presentations, purpose-built portals, media, and much more. These dynamic insight delivery mechanisms are becoming even more immersive and interactive with augmented/virtual reality. By demystifying complex stats and humanizing interactions, businesses are able to communicate their intention more compellingly with powerful data storytelling.
Take advantage of data and become the intelligent enterprise
Real-time analytics, BI, IoT, and AI unlock your data’s potential to help you identify and solve business challenges. With in-depth analytical information about your infrastructure, your workforce, and your clients, you can optimize profitability, performance, and user-experience for solutions, services, and applications. Data gives you true visibility of your organization and the insight you need to make the most accurate decisions possible.
Store, manage, and analyze your data through the power of cloud
As data management experts, UDT’s capabilities in behavioral modeling, data flow mapping, automation, compliance management, data storage, and platform management sets us apart in the industry. Our end-to-end approach aligns your overall IT goals and digital infrastructure with a path towards transforming your use of data on cloud, hybrid, or on-premise environments. Whether you’re new to data management or you’re looking for more power to expand your operation, we can help you.
Make better decisions with data
Unlock the answers to critical business decisions by backing them with real-time predictive insight and business intelligence.
Monetize, create new revenue streams, and reduce costs
Discover your organization’s untapped potential for cost optimization as well as new opportunities to capitalize through your organization’s own data.