Tag Archive for: modernization

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Modern Analytics Framework Series – Part 2: Treating all data equally vs. a value-based approach

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If you rely solely on a data warehouse as your repository,  you have to put all your data in the warehouse–regardless of how valuable it is. Updating a data warehouse is more costly. It also takes a lot of time and effort, which usually leads to long delays between requests being made and fulfilled. Analytics users may turn to other, less efficient means to get their work done.

If you rely solely on a data lake, you have the opposite problem: all the data is there, but it can be very hard to find and transform it into a format useful for analytics. The data lake drastically reduces the cost to ingest data, but does not address issues such as data quality, alignment with related data, and transformation into more valuable formats. High value data may reside here but not get used.

When you have a system of repositories with different levels of structure and analysis, and a value-based approach for assigning data to those repositories, you can invest more refinement and analytics resources in higher-value data.

Striking the right balance between refinement and analytics is key. Performing analytics on unrefined data is a more costly, time-consuming process. When you can identify value upfront, you can invest in refining your high-value data, making analytics a faster, more cost-efficient process. 

Our value-based approach can help deliver higher ROI from all your data.

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This value-based approach also helps your modern analytics framework better meet the needs of your knowledge workers. For example, analysts can jump into complex analysis, rightly assuming that high-value data is always up to date. In addition, automated value delivery automatically distributes high-value data in ways users can act on. 

Let’s invest in a conversation.

We want to hear about your current framework and your changing needs. 

Schedule a time with Geoff Speare, our practice director:

Geoff’s Calendar
GSpeare@IronsideGroup.com
O 781-652-5758  |  M 484-553-1814

Get our comprehensive guide.

Learn about our proven, streamlined approach to taking your current analytics framework from where it is to where it needs to be, for less cost and in less time than you might imagine.

Download the eBook now

Check out the rest of the series.

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Modern Analytics Framework Series – Part 1: Things to know if you’ve been delaying analytics modernization

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Today’s companies have no shortage of data. In fact, they have more than ever before. And they know that, hiding in that data, are insights for better business decisions and competitive superiority. 

But even with all the investments they’ve already made, in everything from data marts and warehouses to operational data stores, companies suspect the most valuable insights may remain hidden. And they’re often right. If your current analytics framework is no longer meeting your needs, the signs are all around you.

Top indicators that it’s time to evolve your current framework

  1. Frustrated users can’t find the data or insights they need to drive better decision making. 
  2. Users rely on self-created spreadsheets not accessible to others. 
  3. Analysts spend more time on manual updates than on actionable insights. 
  4. IT-owned analytic assets take too long to update, reducing their usefulness. 
  5. High cost to manage data curtails innovation. 
  6. Your framework is already overwhelmed by the data sources you have, leaving no room for new ones. 
  7. Value leakage — in the form of data you aren’t acting on — grows every day.

So, what’s stopping you?

In working with companies across virtually all major industries, we’ve encountered just about every obstacle that keeps companies trapped in a data analytics environment that no longer meets their needs. Here are the most common concerns we hear, and how Ironside helps to address them.

“We can’t walk away from the investment we’ve already made in our current framework.”

We get that. It’s why a core part of our approach involves meeting you where you are, and helping you move forward from there – not from the starting line. You keep what you have and invest in ways that will give you the greatest ROI based on your needs.

“We don’t have the budget for a big increase in analytics spending.”

We find that a lot of companies actually spend more than they need to by treating all their data equally. It all goes to the data warehouse, where processing costs are high. With our value-based approach, you could end up reducing your spend. 

“We don’t have the time or resources to take this on right now.”

We can function as an add-on to your existing team, so that they won’t be overwhelmed by even more to do. Plus, the new architecture could drastically reduce manual tasks that are taking up their time—freeing them up to focus more on generating game-changing insights.

Three framework components will help you reach new levels of data analytics.

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Let’s make time for a conversation.

We want to hear about your current framework and your changing needs. 

Schedule a time with Geoff Speare, our practice director:

Geoff’s Calendar
GSpeare@IronsideGroup.com
O 781-652-5758  |  M 484-553-1814

Get our comprehensive guide.

Learn about our proven, streamlined approach to taking your current analytics framework from where it is to where it needs to be, for less cost and in less time than you might imagine.

Download the eBook now

Check out the rest of the series.