“Increasingly, business users are starving for data, but are forced to make important decisions without access to data that could guide them in the right direction” (HBR, Forrester).
The need for data-driven decision making, or at least data-influenced decision making is more pressing now than ever. But for all the talk about data-driven decision making, at all levels of enterprise hierarchy, it has never taken off for lack of enabling factors mentioned below. There has never been a proven technology that can give the confidence of systemic data sanctity to decision makers, to address the below impediments.
Impediments to data-driven decision making:
Business Users (Business Unit or Profit Centre users) / Functional users (e.g. Marketing, Procurement, Supply Chain) do not / can not know what data exists within their organizations, not even their own domain data. (unless they go to Data/IT teams, of course)
Data sources are not structured for business consumption, too technical and lack business context.
Hence their exposure is only limited to curated, pre-purposed data meant for specific use cases.
Businesses have all the critical data they need but lack the technology necessary to explore – i.e. draw and pay attention to the right data, at the right time, for the right reasons. A structured view of organizational data that is complete, faithful, and connected to sources is the missing catalyst for democratising data usage. This by itself will not deliver data-driven decisions but is the most important and enabling step towards the same.
The solution is an enterprise-scale SaaS platform that allows creation of a true and robust representation of organizations’ data that:
is Faithful to the data sources, relationships, and constraints.
is Complete, represents all business-critical data sources.
Guarantees sanctity of relationships mathematically.
is a live reflection of the underlying data structure changes, connected to data sources, as live as the business dynamics.
is reusable, extensible, shareable, and composable (incrementally extensible).
Read further here: https://surecan.substack.com/p/business-data-explorer-with-infinite
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