Reading Time: 2 minutesData management and insight generation are the lifelines for any modern-day business. Today, many organizations struggle to manage their data efficiently. Unfortunately, the turnaround time from data to insights to decision to execution takes several days or weeks. This cycle delays efficient business insight generation, thereby incurring significant resource misuse.
Effectively, the current Decision Intelligence technology space has become more fragmented. More than ever, companies need to dedicate significant time, money and resources to it; however, most legacy platforms that enterprises use only provide reactive insights, not proactive ones.
Thankfully, organizations are moving towards cloud software solutions to amend this problem because the cloud boasts increased data accessibility, strict security norms, instant scalability and considerable cost benefits. These business
attributes are valuable indeed; however, to harness the cloud’s true value, users must be able to get the data they need at scale and as soon as possible. Ideally, this should be in real-time and be customizable.
What is Decision Intelligence?
Decision Intelligence enables customers to ease their burden of data analysis and empowers every individual to make insights-driven decisions. Decision Intelligence augments human decision-making by utilizing Artificial Intelligence (AI) to generate faster and better business insights from enterprise data.
Diving deeper, understanding the predicament modern enterprises face is essential. These mainly include:
- Difficulty in gathering and organizing their mass amounts of data
- Difficulty in efficiently analyzing and successfully visualizing the data to product’s journey and its game-changing insights
- Difficulty in simplifying analysis to expedite decision-making ability across the organization
A powerful Decision Intelligence tool will help modern businesses and analytics teams simplify complex data analysis and quickly get to the “why,” “what,” “what-if,” and “how” their data came to be. Even better, they’ll then learn what to do with it. Key drivers for business behaviors using AI-Driven Decision Intelligence technology coupled with machine learning and Natural Language Processing (NLP) are the future of Decision Intelligence. Moreover, tools for decision-making should have ad-hoc and self-service analytics available to all. This requires an architecture that is more open and easier to access without the need for technical experts. Products like Lumin by Fosfor capture all these attributes.
Organizations must move at lightning speed to harness intelligent pre-built systems. Traditional IT methods struggle to support. The cloud is the preferred deployment channel for new analytics use cases to address this challenge and meet this need.
Why should Decision Intelligence be on the AWS cloud?
The Amazon Web Services (AWS) helps organizations innovate faster, reduce costs, and foster collaboration in industry applications’ most secure, high-performing, resilient, and efficient cloud infrastructure. This remarkable marketplace that centralizes these features can be coupled with a tool that allows enterprises to make fast business decisions using the power of advanced analytics.
Lumin’s Decision Intelligence capabilities enable organizations using AWS to take full advantage of analytics in the cloud and rapidly surface actionable and timely decisions. With Lumin and AWS, customers can experience the best of both worlds. They can use augmented decision intelligence technology powered by AI and machine learning models that work seamlessly with their desired capacity, power, and flexibility.
