Business users continue to face mounting challenges due to the dynamic nature of multiple business levers and their impact. Often, they need a self-service platform which allows them to perform a quick proof-of-work on an experimental basis and take a fail-fast approach. However, in the enterprise world, ingesting of new data, handling of performance and a sandbox environment, computation logic development and data governance are controlled by various groups within the IT organization. There is a considerable time lag between planning and executing, creating a lack of agility and resilience when it comes to ideation.
Business users often create very complex, disconnected and isolated excel worksheets as their working models, to understand data correlation, especially when it comes to prediction or forecasting. The most time intensive activities are data collection and defining its relationship, typically using excel tables. This analysis helps identify the relevant business drivers for building their experimental prediction models or algorithms, mainly through regression or classification.
Technology is evolving at a very rapid pace especially when it comes to analytics, which involves exploration, evaluation and computation of large datasets. This is followed by review and understanding of data to arrive at some actionable insight for business growth. Often, end-users are not very tech savvy and find it hard to keep pace with technology while the success of the business depends on agility and speed in a truly self-service manner.
Security of data and maintaining its confidentially becomes a humongous task in a self-service environment. This is especially true where the main objective of the business is to build rapid prototypes, based on ever-changing business and economic scenarios, to be resilient and agile.
EnterpriseSpeed is an integrated analytics platform unleashing the power of data for the business community, leveraging Microsoft Excel as the user interface. Business users do not need knowledge of any technology other than MS Excel. It offers the simplest user experience, governed by enterprise data security and compliance. It is scalable both vertically and horizontally based on business needs.
