05/12/2021 | News release | Distributed by Public on 05/12/2021 08:28
Emerging technologies have always been at the center of trends right from mobile-first consumer shopping preferences to the promise of artificial intelligence in critical decision-making that have reshaped the current competitive landscape and disrupted business models. For this reason, companies need to be tech-forward to drive the business.
Nowadays, CIOs are focusing on business outcomes, agility, and improving customer experience through technology. While at the same, streamlining backend operations with automation is becoming one of the primary focus areas of technology leaders. Despite this pressing need for digitization in the organization, around 79% of them are still in the early stages of technology transformation, according to Mckinsey. It is due to critical issues related to legacy system barriers such as integration, security, etc., in today's landscape. So, there is a need to create an environment to provide holistic accessibility to emerging technologies.
The top challenges faced by CIOs in 2021 are as follows:
Let us look at some of the thought-provoking statistics to understand why there is an exigency to address these challenges.
Challenges in 2021: Seven Roadblocks, One Answer
The answer to the aforementioned challenges is Augmented Analytics. It democratizes AI across the data value chain. It automates the data preparation process, aspects of data science and narrates relevant insights using NLP and conversational analytics. It enables fewer technical experts such as citizen data scientists with low/no-code abilities to interact with the data to give recommendations for decision-making. This increases efficiency and productivity.
Below are the five reasons how Augmented Analytics helps in addressing the aforementioned challenges.
So, how is your organization approaching these challenges? Do you think Augmented Analytics addresses all these challenges? If yes, let me know your thoughts in the comments section below.
Learn how augmented analytics can help transform your approach to enterprise AI
Payal is a Product Marketing Specialist at Subex, who covers Augmented Analytics. In her current role, she focuses on CIO challenges with data management, and potential solutions to these challenges. She is a postgraduate in management from Symbiosis Institute of Digital and Telecom Management, with analytics as her majors, and has prior engineering experience in the Telecom industry. She enjoys reading and authoring content at the intersection of analytics and technology.