I started my analytics career in 2003 and I still remember that the golden rule of any analytical journey was defining the business outcome: Start with the outcome and then build your way out. This core analytical principle can be viewed from different vantage points, be it a project that a data scientist is working on or a strategy that a team of business analysts is putting together for a modernization project that a CDAO is pursuing.
Cut to 2024, and we still struggle on this core question. Whether the investment is organizational, functional, team, or even on a personal level, the business benefit of the investment remains central and yet elusive.
It’s not that the decision-makers are not clear on what they want to achieve, it’s just that the journey is difficult, complex, and broken somewhere for an organization to be able to measure the outcome metric. More so when there are a multitude of products that address different parts and aspects of this journey.
In most digital transformation projects, although the drive is to change the value chain fundamentally, we end up using the same process, ultimately undermining the change in the first place. If we were running 1000 reports on-premises, moving them to the cloud alone will not bring in business value; the organization has to embrace the new ways of working and make changes to the process.
The Fosfor Decision Cloud enables businesses to have this comprehensive view. It provides a unified experience across the data-to-decisions journey for every stakeholder. It represents the next step in the evolution of formerly disconnected data and AI investments into a modern decision stack that augments the data-to-decisions journey.
This is achieved by focusing on unifying the value chain; creating a fabric that connects all assets from data to insights to decisions, building an intelligent search and discovery ability, democratizing the insights with business modeling, and bringing in context using the unique Fosfor knowledge graph approach.
The heart of the FDC is driven by AI. The technology focuses more on conversational experiences and supports decisioning ability with higher-order analytics beyond simple BI. And all this while bringing in a Fosfor AI agent, creating a symbiotic human-AI handshake.
The roadmap of the technology envisions a completely automated intelligent decision space.
At FDC, our focus has always been on user experience: with a new design system, we have created tailored user journeys across personas and enabled an end-to-end experience for everyone. If you are a low code/no code persona, there are studios to allow you a drag and drop experience, while if you are a code-first persona, the IDE is enabled to ensure you can build your own trusted insight algorithms.
The FDC empowers organizations by creating this end-to-end business outcome framework, which we know will change how business decisions are made. Simpler, faster, with complete control and visibility.
Check it out for yourself by signing up for early access here.