{"id":21199,"date":"2020-05-07T14:20:23","date_gmt":"2020-05-07T12:20:23","guid":{"rendered":"http:\/\/54.194.80.134.nip.io\/augmentedanalytics\/"},"modified":"2021-06-08T14:06:41","modified_gmt":"2021-06-08T12:06:41","slug":"augmentedanalytics","status":"publish","type":"post","link":"https:\/\/www.cubeserv.com\/en\/augmentedanalytics\/","title":{"rendered":"Augmented Analytics \u2013 Democratize BI – A Dream come true?"},"content":{"rendered":"\t\t
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Let's start with some day-dreaming !<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Imagine<\/strong><\/p>

You get a push message telling you that the contribution margin for your top product range reaches a critical level!<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Ok, I am sure your eyes are already open again. Fair enough, that is not a sensation and has been around for years.<\/span>\u00a0<\/span><\/strong><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Let\u2019s try again.<\/span><\/strong><\/h4>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Imagine<\/b><\/p>

You get a push message telling you that the contribution margin for your top product range reaches a critical level!<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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BUT you also get additional insights into the root cause of this issue which enables you to take actions immediately.<\/b><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Let\u2019s try another case<\/strong><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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You get an Excel Sheet from your colleague with lots of numbers in columns and rows but no insights whatsoever. Wouldn\u2019t it be nice, just to upload it to your reporting tool and let the system generate a dashboard with insights, correlations and even simulation possibilities?<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Now how does that sound? Interesting? Would you like to have that?\u00a0<\/strong><\/h3>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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No problem, the tool is available. And yes, it does get even better: All of above is possible in the same solution, where you also build and manage your normal standard reporting, analyses, dashboard, predictive and planning.<\/p>

Before we look at the solution, let us look at the expressions DEMOCRATIZE BI <\/b>and AUGMENTED ANALYTICS<\/b><\/p>

Democratize BI<\/b><\/h3>

Whenever a technology becomes more accessible and affordable, we can say that it has been \u201cdemocratized\u201d. The ability to access vast amounts of data in reasonable time and at reasonable cost is possible recently. Data Warehouses and a whole bunch of visualisation tools which rely heavily on IT enables us to have Reports, Analysis and Dashboard about anytime, anywhere and almost on any device.<\/p>

However, there are major drawbacks: <\/b><\/h3>