Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Business

Redefining ‘the culture of analytics’ in 2022

Published : , on

By Ashley Kramer, Chief Product and Marketing Officer, Sisense

In 2021, organisations in the UK began to increase their appetite for data. Businesses who were not that data savvy or data heavy started to add in analytics to their processes. These organisations and those who already are data reliant have created data teams and moved away from dashboards. More organisations in the UK are harnessing the power of AI and data to drive revenue growth and improve efficiencies.

But now it is time for these businesses to level their data up, the base has been laid and organisations need to build on their understanding of data.

For 2022, we will see three major shifts in data-driven organisations. Firstly, organisations will redesign the way they let their employees digest data, organisations will be more flexible when it comes to remote working and finally, prescriptive guidance will become an integral part of a business.

Lets dive deeper into these three major predictions for 2022.

  1.  Organisations will redefine what it means to build a “culture of analytics.”

For too long, business leaders have assumed that upskilling their workforce with data classes/certifications and investing in self-service tools would lead to a data-driven organisation. They are finally ready to admit that it’s not working. Self-service BI does not “close the skills gap.” Not everyone has time or interest in becoming a data analyst or data literate, especially now in today’s post-COVID landscape where teams are understaffed and people are valuing their time differently in and outside of work.

In 2022, organisations will redefine what it means to build a “culture of analytics” and change the paradigm by bringing insights to workers in a more digestible way – turning to methods and solutions like embedded analytics that won’t require them to learn new skills or invest additional time.

  1. The most data-driven organisations will combat tool fatigue by bringing data to workers where they are.

The rise of work-from-home and the digital acceleration brought on by the pandemic means that more people than ever are using different tools in different places to do their jobs – from email to collaboration software like Slack and Teams to the many point solutions needed to get work done across departments. As a result, workers everywhere are experiencing tool fatigue, distractions and inefficiencies from jumping around from software to software or being forced to use tools that don’t fit into their personal workflow.

Rather than investing in data/analytics solutions that add yet another tool to the mix, we’ll start to see more organisations in 2022 delivering insights to employees directly within their workflows via embedded analytics (for example, directly within Slack, Teams, etc.). In this environment, workers can make data-driven decisions without thinking twice and without any disruptions.

  1. Automation turns prescriptive analytics into prescriptive guidance.

For years we heard that the future of analytics will go beyond descriptive analytics (what happened) and predictive analytics (what will happen) to prescriptive guidance (what to do about it). AI combined with automation will finally make this possible by dynamically combining relevant data and alerting knowledge workers to take action, in advance, before an event occurs. Customer Service reps will be notified to reach out to potentially angry customers before they even call in.

Sales leaders will react immediately to dips in revenue pipeline coverage due to upstream activities without waiting until the end of the quarter. Retail managers can optimise inventory before items sell out by combining more than just sales data, such as purchasing patterns of other items, external market trends, and even competing promotional campaigns. Prescriptive analytics will finally evolve from telling us just where the numbers are going, to helping us make smarter, proactive decisions.

About Sisense:

Sisense goes beyond traditional business intelligence by providing organisations with the ability to infuse analytics everywhere, embedded in both customer and employee applications and workflows. Sisense customers are breaking through the barriers of analytics adoption by going beyond the dashboard with Sisense Fusion – the highly customisable, AI-driven analytics cloud platform, that infuses intelligence at the right place and the right time, every time. More than 2,000 global companies rely on Sisense to innovate, disrupt markets and drive meaningful change in the world. Ranked as the No. 1 Business Intelligence company in terms of customer success, Sisense has also been named one of the Forbes’ Cloud 100, The World’s Best Cloud Companies, six years in a row. Visit us at www.sisense.com and connect with us on LinkedIn, Twitter, and Facebook.

Author Bio:

As Chief Product and Marketing Officer at Sisense, Ashley leads the go to market and product strategy, brand awareness and revenue growth. Ashley has more than 15 years of executive and technical experience at organisations such as Tableau, Alteryx, Amazon, Oracle and NASA. She has a strong track record of scaling businesses, transforming product and marketing organisations, integrating acquisitions, and effectively delivering product strategy and vision. Ashley’s leadership experience includes building Tableau’s cloud product (Tableau Online), driving Alteryx’s transformation to a data science platform and leading Sisense’s highly customisable, AI-driven analytics cloud platform. Connect with Ashley on LinkedIn and Twitter

Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post