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Essential Steps to Transform Big Data Into Actionable Insights

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Essential Steps to Transform Big Data Into Actionable Insights

Transforming raw data into actionable insight is about integrating and analyzing data from all sources to determine measurable business results.

No matter how vast your big data sources are, if your company does not devise the right methods for garnering meaningful insights from it, the data is of no avail.

The entry of big data has revolutionized the way businesses work. However, till today, a large number of decision makers are confused on how to extract the right insights from big data. This is mainly because businesses embark on this journey without checking if they have all the parameters in place. Majority of big data projects are implemented after insight expiry or with defective strategies. Before tackling a voluminous amount of data, it is crucial that businesses formulate an apt big data initiative to suit their needs. In our experience, these 5 ways are common to successful businesses and are an effective guide for turning big data into big insights.

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1. Determine What’s Actionable

Before you start extracting insights from big data, you need to have a clear understanding of the things you want to achieve from it. Distinguish between the strong areas of your business and those that need re-consideration. Before diving in for answers,it is important to have the right set of questions for big data and its analytics. Address those questions first that you know are bound to lead to economic opportunities and are practically actionable. It is easy to get distracted by the vast availability of big data and its exploration. Thus, narrow your approach to core business problems. Set achievable parameters, otherwise, you will risk the wastage of manpower and valuable resources.

2. Assemble a Smart Team

The second step is to assemble a team of skilled professionals. Actionable insights can only be garnered from big data effectively with the assistance of intelligent humans. There needs to be a presence of creative personnel who can formulate new ideas, develop technological strategies, and effectuate efficient implementation. Look for individuals who have fair knowledge in the fields of AI, machine learning, big data and its analytics, automated support systems, and the like. Look for team players; people who are adaptable and receptive to the continuous change in data and technology. Big data is useful, but without any humans in the loop, it may end up creating more problems than it solves.

3. Understand Customer Needs

How will you extract insights from big data if you don’t have an idea of your customer requirements and your business needs? Before digging for insights, you need to focus on gaining qualitative customer insights. Thus, businesses must consider the challenges their audience is facing. This means interacting with people who use your product or service, recording their responses, and channeling those responses to improvise your product or service. Organizations must conduct studies and research for predictive analysis. Everything starts and ends with the customer. Thus, businesses must identify the key barriers that are preventing them from achieving their goals and then formulate decisions that will help achieve insights on how to maximize customer satisfaction.

4. Focus on the Right Sourcing

While a company’s main aim is to build insights from a range of data sources, it is crucial to focus on the types of data sources that will aid in the progress. The perfect dataset doesn’t exist. Start with analyzing data from a data mart. Most businesses are confused when it comes to the difference between a data mart and a data warehouse. A data warehouse is obviously an essential asset in any company, but a small and selective data mart produces quicker insights and prevents you from getting mired in complexity. Over time, you can then broaden your horizon and focus on additional data sets.

5. Enhance Speed and Delivery

Speed is a key factor for productive action. For successful execution from insights, you need to act quickly. If you spend a long time discussing and analyzing big data in the hope of acquiring near perfect insights, all your efforts will end up futile. When it comes to big data and its analytics, it is crucial to focus on quick decisions and execution. Today, successful companies like Amazon and Microsoft have one thing in common – they make their decisions from 70% of relevant data available. If they, too, would wait for perfect information for perfect insights, their outputs and revenue streams would face the threat of paralysis. Information that is substantial should be used to drive insights and specific actions, rather than waiting for more comprehensive options. The mark of a successful business is when a business can embed data and insights into its core processes and its everyday decision-making. Over time, this integration will make businesses more receptive to bigger decisions and greater change. 


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How to Align Data and Analytics Governance with Business Outcomes

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How to Align Data and Analytics Governance with Business Outcomes

With access to large amounts of data made available to businesses, maintaining and governing the kind of data that is accessible to users have become significantly essential.

Proper data and analytics governance in organizations can help them in achieving on-point data and analytics processes.

The use of data and analytics is increasing across practically all industries. Due to the availability of inexpensive storage alternatives, organizations have access to more data. It’s not surprising that the usage of analytics due to access to extensive data has expanded to every part of the company when you take into account the growing number of user-friendly tools for managing, retrieving, and analyzing data. 

However, a lot of effort goes into managing data and analytics. Thus, organizations must ensure that their efforts are aligned with their business priorities, and the data is accurate in nature and thoroughly secured. Without analytics governance, even if the organization has a good hold on its data governance policies, the advantages of establishing policies and processes to govern the analytics process still stand. As data governance guarantees your business has processes and standards around the use of data, analytics governance provides the same level of oversight to the way analytics initiatives are built and delivered.

Aligning Data and Analytics Governance

Data and analytics governance initiatives must be closely related to organizational strategies. However, businesses frequently base their data and analytics governance processes on data rather than the business. Here are a few points on how businesses can align their data and analytics governance with their business outcomes.

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Trusted Governance

Forming business decisions based on the notion that “all data is equal” is no longer a sound strategy because data and analytics capabilities exist across a company and differ in nature. Instead, create a paradigm of trust-based governance that allows for a dispersed data and analytics ecosystem and is able to help business executives make decisions that are more confidently appropriate to the circumstances.

Digitization

With the essence of developing technology, digitization has taken over almost every business to stay relevant in the market. However, for businesses to gain the best outcomes from the digital space, digitization is essential. And for successful digitization, data and analytics governance must function based on factors like digital ethics and transparency. Therefore, ensuring that the values and concepts of digitization are reflected in the data and analytics governance is crucial to significantly align it with business outcomes.

Data Security

Today, organizations are aware of the potential risks associated with their businesses and securing data has become a necessity. This awareness implies that they address both the threats and the possibilities brought about by data and analytics. Organizations frequently manage risk and market potential independently, and they also do not really prioritize information security when assessing business results. Therefore, data and analytics governance authorities should have interdisciplinary teams capable of making decisions that are well-balanced, giving risk, opportunities, and security the appropriate weight while considering the organizations’ future interests in mind.

 

Today, businesses are aware of the fact that without effective data and analytics governance, their initiatives and investments in data and analytics won’t be able to satisfy important organizational goals like increased revenue, cost reduction, and improved customer experiences. Therefore, aligning it with business outcomes is critical for business success.

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IBM launches new way to partner through IBM Partner Plus

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Cloud Computing News

IBM has developed IBM Partner Plus, a new program that reimagines how IBM engages with its business partners through unprecedented access to IBM resources, incentives, and tailored support to deepen their technical expertise and help speed time to market.

The program is designed to fuel growth for new and existing partners, including resellers, hyperscalers, technology providers, independent software vendors and systems integrators, by putting them in control of their earning potential. IBM Partner Plus is central to the company’s Hybrid Cloud and AI strategy and aims to empower partners to help clients automate, secure and modernize their businesses.

IBM Partner Plus offers partners a transparent, simple and modern experience. By growing technical expertise and demonstrating sales success, participants can progress to three tiers – Silver, Gold and Platinum – which unlock specialized financial, go-to-market support and education benefits. In the new program, badging will become the standardized measure of skills and validated solutions will demonstrate expertise. The enhanced IBM Partner Portal consolidates and tracks all expertise, revenue, and deals globally, offering each partner a clear line-of-site into their progression through the program.

“IBM Partner Plus introduces a new way for IBM to deliver value to new and existing partners by helping them gain skills, grow faster and earn more,” said Kate Woolley, GM, IBM Ecosystem. “We’ve heard from partners that they want a simplified experience that helps them win with clients. I’m confident these changes and our continued investment in our ecosystem will make IBM the partner of choice across the industry, and together we can drive growth for partners, clients, and IBM.”

IBM Partner Plus results from the company’s journey to put partners at the centre of IBM’s go-to-market strategy and act as a growth engine to help capture the $1 trillion hybrid cloud and AI market opportunities. IBM has invested in elevating the role of partners and accelerating partner-led sales by enabling the ecosystem to become a preferred route to market, offering clients an optimal mix of technology, services, and consulting expertise. To drive continued growth, IBM will increase its capacity to support partners by doubling the number of partner-facing brand and technical specialists to help them prospect and win additional client business.

“The new IBM Partner Plus program provides an enhanced experience that sets our company up for success by offering employees access to skills and opportunities, so we can help more clients utilise IBM’s technology portfolio to modernise their operations,” said Bo Gebbie, President, Evolving Solutions. “IBM is more serious than ever about putting partners first. They’ve listened to our feedback, and it is reflected in the new partner experience that makes it easy for us to collaborate, rewards our investments and fuel growth.”

IBM Partner Plus brings all partner types and programs together – whether they sell, build on or with, and/or provide services for IBM technology – into one integrated ecosystem. For example, to help broaden the market opportunity and create new revenue streams for its ecosystem, IBM recently enabled partners in North America to resell IBM products through other cloud marketplaces. This allows for independent software vendors to embed IBM Software from partner marketplaces into their own solutions. All partner sales through the marketplace accumulate towards their progression in IBM Partner Plus. 

Competitive incentives

Partners can advance through tiers to unlock benefits and demand generation programs which could offer them up to a threefold increase in total investment from IBM. The IBM Partner Portal gives partners real-time visibility into the incentives they are eligible for, predictability into potential earnings, and includes an automated deal share engine that helps them surface quality leads. This has improved deal registration and introduced partners to more than 7,000 potential deals valued at over half a billion dollars globally.*  IBM investments in co-marketing campaigns and co-sell support with partners can also help bring solutions to market and generate demand.

Insider access

IBM Partner Plus builds on the successful release of its October badging and selling enablement materials to partners, which has driven more than 15,000 partner enrollments in sales and technical badges. Offering partners the training, enablement, and experiential selling resources available to IBMers at no cost can help better equip them to win with clients. Additionally, access to IBM’s seller tools can help them generate competitive and transparent pricing. Partners can also attend IBM’s quarterly Sales Kickoffs together with IBM sellers, and participate in live training sessions and other global technical advocacy events to help upskill, increase eminence, and engage with technical experts. For new partners, IBM is launching the IBM New Partner Accelerator, which provides onboarding, training, and other benefits during their first six months in the program to help accelerate their path to profitability.

Enhanced support and benefits

Partners can grow skills, develop solutions, and build sales expertise with technologies like AI, security, and cloud on an open hybrid cloud platform by leveraging technical experts from IBM. IBM will also assist partners in the development of minimal viable products, proofs of concept, and custom demos to help them win client business and accelerate growth. In addition, as partner businesses grow with IBM, they can unlock additional benefits designed to help them expand capabilities and find new clients.

PartnerWorld will transition to a new IBM Partner Plus experience on January 4, 2023, with the new incentive program taking effect on April 1, 2023. Registered PartnerWorld members will maintain their current tier through July 1, 2023 and can progress to the new tiering system during this time as they meet criteria.

Want to learn more about cybersecurity and the cloud from industry leaders? Check out Cyber Security & Cloud Expo taking place in Amsterdam, California, and London.

Explore other upcoming enterprise technology events and webinars powered by TechForge here.

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How Technology is Improving Pet Health

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How Technology is Improving Pet Health

An increasing number of people are taking up pet ownership. And why not?

Pets offer loyal companionship to humans and can even provide many health benefits. According to a recent market analysis, pet ownership increased from 56% to 68% of households in the past 30 years.

Pets are part of your family, and you want to keep them healthy and happy. But it can be challenging to determine your pet’s best approach. Fortunately, plenty of innovative technology-based solutions available today make it easier than ever to keep tabs on your four-legged furball’s well-being.

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Wearables

Wearables are becoming more common in the pet industry as they can provide a wealth of information about your dog. These devices can monitor a pet’s health and activity levels, including heart rate, body temperature, and location. They can also track daily activities such as walks or playtime with other dogs.

The biggest draw of wearables is how much data they collect on each animal and how quickly they send that data back to owners so they know what’s happening at all times. This can help with many things, but the best advantage of wearables is that owners can track their pets’ location.

According to a recent NCBI study, around 3% of cat and dog pets are lost annually. Wearables can use radiofrequency technology to communicate the pet’s current location through radio waves. This can help reduce the number of lost pets.

Online Pet Medication and Grooming Accessories Stores

Online pet medication and grooming accessories stores are increasingly important in helping pet owners care for their furry friends. These stores offer a wide variety of pet care products, from medications and supplements to grooming supplies. This makes it easier for pet owners to find the items they need to keep their pets healthy and happy.

Additionally, these stores often offer discounts and free shipping, making it more affordable for pet owners to purchase the necessary items. With the help of these stores, pet owners can easily access the products they need to keep their pets healthy and happy.

For instance, allergies and allergy-related pruritus are common problems in pets. However, you can now easily purchase medication like Zyrtec for keeping allergies at bay. Additionally, you can also learn about Zyrtec through online resources. 

For example, if your cat has allergy irritation and you want to give Zyrtec but don’t know how much, you can read about the Zyrtec for cats dosage. This will let you administer the right dosage of Zyrtec and help with quick treatment.

Smart Collars

Smart collars are a technology that’s been around for a while, but they’ve recently been making their way into the pet world. These devices can track your pet’s activity and location, alert you when it’s in danger, help administer medication to your furry companion, and more.

Smart collars aren’t just for dogs. Some cats also wear them. They work similarly to GPS-enabled collars on people. They can calculate how much exercise your cat gets each day by measuring the distance traveled and time spent moving around. This information is then transmitted back to the owner via smartphone or tablet app so that he or she knows precisely where their kitty has been spending his time.

Pet Medical Records Platforms

If you’re a pet owner, your veterinarian has likely recommended keeping a medical record of your furry friend. This can be anything from an ultrasound or x-ray image to their blood pressure and weight or even just basic information about their day-to-day health needs.

Pet medical records are stored in the cloud, meaning they’re accessible from anywhere with an internet connection and can be accessed through mobile apps or web browsers. Some platforms are specific to particular hospitals. Others allow users to share information between different vets’ offices.

It’s important to note that some platforms use “secure storage,” which means only authorized people have access rights to them. Other ones don’t require any special permissions at all. The latter option might make sense if you live somewhere where there aren’t many veterinary practices nearby yet but still want access whenever needed afterward.

Many such platforms are being created for pet healthcare. For instance, Vedi is one such platform. It is similar to the Federal government’s My Health Record database. The My Health Record database records human health data, and Vedi will record pet health data. According to Startup Daily, the platform raised $3 million in funding to go global in 2023.

Pet-Specific Apps

Pet-specific apps can help you find a vet, track your pet’s health, and manage your pet’s medications. For example, if you’re interested in finding a new home for your pet as soon as possible, several websites offer homes for sale or rent near your home.

In addition to vet search engines and pet accommodations sites, there are also apps designed specifically for this purpose. If the idea of having an app on your phone sounds too much like work, consider downloading one that will help simplify finding a new home for your furry friend and maybe even make things easier than calling around and asking questions.

Veterinary Telehealth

Veterinary telehealth is a technology that allows you to consult with your vet remotely using the internet. This can be used to diagnose and treat your pet’s health issues, as well as general wellness checks and vaccinations.

While this technology has been available for some time now, it’s still not widely used by pet owners who can’t regularly travel to their veterinarian. Vet telehealth also allows vets around the world to offer remote consultations with one another via video chat or phone call.

Finally, vet telehealth could be particularly useful when treating sick pets who need hospitalization or long-term care, such as chemotherapy treatments or radiation therapy sessions.

Pet Cams

Several types of pet cams are available in the market, but they all have one thing, they help you keep tabs on your dog or cat.

  • A security camera is a good option if you have trouble keeping track of your pet alone at home. It will record everything around the house when you aren’t there so that if something happens while they’re out, you’ll be able to see what happened and whether or not it was an accident or something more serious.

  • A health monitor can help detect illnesses early on, especially kidney failure, heart disease, and thyroid issues that could cause serious health problems later down the line if left undetected for too long before treatment begins.

The demand for pet cameras is growing. According to a market analysis by Future Market Insights, the pet surveillance cameras market is expected to grow at a CAGR of 5.5% between 2022 and 2032 to reach $93.5 million by 2032.

Conclusion

Technological advancements allow you to monitor your pet’s health and well-being. These advances in technology have helped people better understand the needs of their pets, as well as provided solutions to common problems.

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