In the digital world, access to reliable, clean data is no longer ‘good-to-have’ but imperative. The rapid pace of modern tech and innovation in data storage, processing, business intelligence (BI) and analytics is enabling enterprises to be analytics-ready. Enterprises deal with an abundance of data derived from business transactions, customer interaction, and cross-departmental collaboration. This data when utilized effectively can deliver insights into various aspects of business, driving material outcomes to gain a competitive edge.
Data Driven Enterprises
For example, an automobile company relies on competition, consumers, market and financial data to determine which new technology and features should be added to the next-generation cars. The healthcare organizations rely on patients and latest technological advancements in medical sciences to define standardized materials and surgical equipment for the operating rooms. Likewise, the hospitality industry consumes data from marketing teams and consumer behavior to offer personalized services and experiences to customers.
In each of these scenarios, insights from the gathered data help to increase sales, improve patient care and customer service and reduce operational expenditure. Altogether, these insights challenge your status quo to drive real, actionable outcomes and innovation leaving a positive impact on businesses and people’s lives.
But reaching this point of inflection requires enterprises to commit to redefining their business processes and creating a data driven culture. A culture that requires a foundational transformation in the way people think and operate, change in infrastructure, and the entire relationship between employees and technology specialists. It must take hold when the organization establishes three important goals: break down silos, empower teams to explore data, and engage teams via leadership.
A data driven culture can open doors to new opportunities for your business – from entering into new markets to creating new business models around untapped existing resources/assets and pursuing a demographic you always wanted to. The teams can manipulate the data through the central platform by testing and iterating it and always pouring back the learnings into the business. This not only helps your business be more empathetic but also understand the customer needs as the data manifests itself in unexpected ways. Rishabh Software helps enterprises leverage best-of-breed tools and methodologies to re-platform legacy applications through application modernization services.
Consult our team for enterprise application modernization services.