The Growth Blog

Why You Need Data Democratisation to Enable Agile Transformation?

Written by Peter Tasala | Jun 16, 2023 1:52:50 PM

Companies that can effectively harness the power of data are the ones that thrive today - and in the future. However, many organisations struggle not only to collect data but also to effectively analyse and leverage it to make data-driven decisions. This is where data democratisation and chat-based self-service analytics come into play.

How to be truly agile with Data?

The traditional approach of relying on static spreadsheets and siloed data is no longer sufficient in today's rapidly evolving business landscape. Data democratisation is a key to unlocking agile transformation and increasing the agility and responsiveness of the organisation. By democratising data, companies can empower all employees to access and interact with data, regardless of their technical expertise. Chat-based self-service analytics platforms, such as CHAT WITH YOUR DATA™, provides a simple and intuitive natural language interface for data analysis, enabling employees across the organisation to make data-driven decisions, rather than relying solely on IT or data analysts.

In addition to data democratisation, CHAT WITH YOUR DATA™ provides an intuitive and accessible interface for data analysis, allowing users to interact with data in a natural and conversational way. By utilising CHAT WITH YOUR DATA™, companies can make data-driven decisions faster and more easily, enabling real-time insights into business operations. This fosters a culture of agility, allowing for quick adaptation to changing circumstances and adjustment of strategies accordingly.

 

  • Improve data accuracy: By providing a more natural and intuitive interface for data analysis, CHAT WITH YOUR DATA™can help reduce errors and improve data accuracy. Users can ask questions and receive answers in a conversational manner, uncovering hidden patterns and insights that may have been missed using traditional analytics tools.

  • Break the silos: CHAT WITH YOUR DATA™ also promotes collaboration and communication among team members by providing a common language for data analysis. Users can easily share data and insights with each other, breaking down silos and promoting cross-functional collaboration.

  • Increase agility: Moving from spreadsheets and silos to democratised data and chat-based analytics is not just a technological shift but also a cultural change. It requires a mindset shift towards data-driven decision-making and a willingness to embrace new technologies and approaches. However, the benefits are clear: increased agility, responsiveness, and collaboration, as well as more accurate and timely insights into business operations.
  • Real-time insights: By chatting with the data, users can get real-time insights into business insights, without having to wait for reports or dashboards to be generated. This allows for more agile decision-making, as users can quickly adapt to changing circumstances and adjust their strategies accordingly.

  • Better user experience: Interacting with data using natural language provides a more engaging and personalised user experience than traditional analytics tools. By allowing users to interact with data in a conversational manner, chat-based solution can help users feel more engaged with their data, leading to greater adoption and usage of data-driven insights.

Enable agile transformation by embracing data democratisation and chat-based self-service analytics. By democratising data and providing an intuitive and accessible interface for data analysis, companies can unlock the full potential of their data, enabling faster and better informed decision-making. 

If you're interested in learning more about how to implement data democratisation and chat-based analytics in your organisation, contact us today and book a free demo to see our chat-based analytics advisor in action!