It is not hard to toss out vague and lofty visions of data grandeur.
What IS hard, is…
So, why is that – and more importantly – how to get around it?
On November 2015, The Economist Intelligence Unit published a global survey of 550 senior executives (click on the link to read the entire report.) The biggest problems C-suite is having with data initiatives are below.
Our conversations with C-level executives confirm many of these findings.
What’s interesting is that in companies that are lagging behind financially, the biggest challenges relatively are extracting valuable business insights from data, selecting tools that best meet their needs and making data available across the organization.
There is a persistent myth among even high level executives, that goes like this: implementing data initiatives is hard and time-consuming.
While not entire false, this has more to do with the history and development of the entire industry than the current reality.
It is true that implementing data services of any kind used to take years, and the accompanying 7- or 8-figure price tag.
But the world has changed, and executives that still believe this are in danger of paying a tremendous “ignorance tax”, and delaying their data efforts unnecessarily.
But, we have good news!
“The future of big data is less about volume and velocity, and more about the value that the business can extract from it.”
After witnessing well-meaning business people struggle unnecessarily with their data initiatives, we decided to do something about it.
Since we have been on the trenches of complex data environments for multiple years ourself, we knew what a perfect implementation does (and doesn’t) look like.
Long story short, we eliminated the unnecessary parts, included the best ones, and disrupted the entire data industry by putting creating a SERVICE, called Discovery Analytics Service. DAS is a totally new way of implementing any kind of data initiative, and the savings in time and costs are almost unfair compared with “old methods”. There’s simply no comparison.
“Companies with a well-defined data strategy are much more likely to report that they financially outperform their competitors. In addition, they are more likely to be successful in executing their data initiatives and effectively applying their data and analytics to resolve real and relevant business problems.“
The entire intent of Discovery Analytics Service is to let you skip the learning curve and get straight to the benefits, like…
Drive innovation: create totally new, outside the box solutions for your customers and clients.
Make forward-looking algorithmic predictions: history tends to repeat itself, and now you can use that to avoid costly mistakes and plan for better use of resources.
Automate decision-making: big decisions need a touch of human thinking, but many of the lower-level decisions can be automated (which creates time to focus on the bigger ones).
No setup fees: Discovery Analytics Service is a ready, out of the box service, which completely eliminates the need of setup fees of any kind.
No long contracts: Discovery Analytics Service is a pay-as-you-go service, based on monthly fee (which is very reasonable). Monthly billing a radical innovation in the traditionally vaguely priced data industry.
There is absolutely no sense in delaying your data initiatives. In just a couple of WEEKS, you could already be deriving value from your data. Let’s do a short pilot together and see what makes the most sense to your particular environment. The way the Discovery Analytics Service has been set up, it is almost impossible for you to go wrong.
So, contact us now to set up your initial data evaluation. There is no cost or obligation for this initial meeting, as we also want to know a bit more about your current data environment before turning Discovery Analytics Service on.
COO, Service Delivery
+358 40 550 2524
Keilaranta 17, C-talo