Earlier this quarter, IBM released Business Analytics Enterprise to meet the demands of a new era of data-driven business. The software suite includes IBM Planning Analytics with Watson, IBM Cognos Analytics with Watson, and the new Analytics Content Hub.
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This report explores all the latest features included in Business Analytics Enterprise and how this solution fits into the big picture of breaking down data silos and creating better analytics solutions for data-driven businesses. This section explains.
Challenges to becoming data-driven
Forrester’s 2022 report, The State Of The Insights-Driven Business, found that highly insight-driven organizations are 1.6 times more likely to differentiate themselves within the market, while firms are more insight-driven. While striving to become one, it reveals that it still faces many challenges.
Supply chain disruptions, economic slowdowns and the need to pivot quickly hamper many digital transformation opportunities with unpredictable global events, labor and skills shortages and increasing regulatory complexity. , is putting your business at risk.
Additionally, while most companies have moved to the cloud or are operating hybrid cloud environments, data silos exist between internal and external business networks, partners, and teams.
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As such, being data-driven in this new era requires more than a central data platform for business-critical operations. It is fundamental to create an enterprise-wide data analytics system through the use of artificial intelligence, a robust data culture, and the integration and extension of all tools.
Dinesh Nirmal, IBM’s General Manager of Data, AI and Automation, believes that one of the most effective solutions to these data problems is proper access to data analysis tools. .
“To become truly data-driven, organizations need more comprehensive access to analytics tools and a more complete picture of their business data across teams, without jeopardizing their compliance, security, or privacy programs. We need to be able to provide it to the public,” said Nirmal. “IBM Business Analytics Enterprise provides a way to bring together analytical tools into a single view regardless of where the data comes from or where it comes from.”
IBM Business Analytics Enterprise: What you can do
IBM Business Analytics Enterprise is IBM’s latest solution for making data analytics more widely accessible to business users. It is designed to allow users to view planning and analysis dashboards from multiple vendors, including tools such as IBM Cognos Analytics, IBM Planning Analytics, and other popular business intelligence tools.
Integrating data and elements into a single view, the solution features customized dashboards that can be tailored to your company’s needs. It also has built-in algorithms that recommend role-based content, helping users view new stories, reports, and dashboards from across the organization to aid in the decision-making process.
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With the IBM suite, users can now incorporate multiple scenarios and seasons into trend forecasts using AI-powered BI solutions and integration with Cognos Analytics with Watson.
The main goal of this new technology is to break down silos and foster collaboration between teams and partners by delivering the right data at the right time. Businesses can seamlessly share data and reports across departments, avoiding the risks associated with disconnected solutions. Across the enterprise, IBM ensures that quality, accessibility, consistency, usability and security are built into our software.
Business Analytics Enterprise Key Features
- No-code content dashboard for discovery, personalization and recommendation of multi-vendor business analytics
- A combination of reporting, data integration and predictive analytics
- Data mining for real-time organizational planning, reporting, and forecasting
- Talent pipeline management
- Data cleaning and visualization
- AI-driven analytics
- Continuous and integrated planning with managed and governed workflows
IBM designed the new software with the key challenges facing data platforms in mind, including data trust and control, governance, compliance, and cybersecurity issues. Given the widespread shortage of skilled data science talent, the company also took a no-code approach to facilitate accessibility and use for its customers.
IBM Analytics Content Hub: Make business analytics more collaborative
IBM compares the way organizations manage data to video games. In video games, most companies run a single-player mode, with each department or team playing their own “game.” This causes some problems.
As data flows throughout an organization, companies can waste valuable time and resources on format changes, internal migrations, data validation, and shifting responsibilities. Additionally, each data platform becomes its own silo while connected, and each silo is tailored to the needs of individual departments, which can lead to confusion.
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Before data reaches the “boss” level where it must be transformed into action, it must be evaluated, qualified and filtered according to “good for business” criteria. Data silos previously created by different departments make it difficult for executives to determine whether the dataset in front of them is accurate and comprehensive.
To solve this single player problem that many organizations face with their data, IBM created IBM Analytics Content Hub as a “multiplayer” approach. The company’s multiplayer mode is a vision that allows users to combine insights from all the different BI tools they use. Create centralized composite dashboards with elements from each department.
Key features of IBM Analytics Content Hub
Analytics Content Hub can:
- Create a clean streaming experience for your visualizations.
- Get content from IBM and other providers such as Microsoft, Google, and Tableau.
- Enable multi-user collaboration to provide feedback and assess quality across content.
- Provides single sign-on and other security support.
The future of the data-driven enterprise
As new technologies are developed and global socioeconomic factors change, businesses are looking to new ways to manage their data. While some technology companies haven’t changed their solutions to meet these changing customer expectations, IBM continues to evolve to meet the demands of the ever-changing, data-driven era. .
IBM Business Analytics Enterprise eliminates silos, provides complete visibility with continuous security and compliance support, empowers employees at all levels, and drives fast and effective solutions Designed. Especially for companies looking to enhance collaboration between employees and departments, this new software suite offers a possible solution to becoming data-driven at scale.