Cognytics, a cloud-based data visualization tool, aims to revolutionize the way small businesses can gain actionable insights from data. Method is as follows.
Mention data analysis for small business owners. And they may think it’s a big business territory. But this is no longer the case. With the advent of digital technology, small businesses are generating large amounts of data. As a result, SMEs can take advantage of the next level of growth opportunities. However, only if this data can be optimized through analysis.
ECI Software Solutions’ new cloud-based data visualization tool, called Cognytics, appears to do so. For example, we want to revolutionize the way small businesses can gain actionable insights from data.
why? Digital transformation is no longer an option for small and medium businesses, so it is necessary. This is what ECI’s Chief Technology Officer Grant Howe said in a press release on Cognytics.
With Howe goes on to say, ECI users become data-driven masters in their respective industries and access intelligent analytic insights that make running and growing their business easier than ever I can do it.
For decision makers, the ability to gain actionable insights throughout the organization is invaluable. Cognytics makes this information available on a dashboard that can be accessed from anywhere.
Key features of Cognytics
The company states that with Cognytics, the data will be easy to understand right away. As a result, you can use it to improve the performance of everyone in your business. According to the ECI, this helps transform the business from reactive to predictive operations. Therefore, we are positioning our company to dramatically improve and advance today’s health and competitiveness.
Cognytics includes visualized, graphical role-based dashboards. And the software makes them easy for each individual to understand. The result is role-based actionable information for each user.
What does this mean for staff? Well, it doesn’t move them with information unrelated to their workflow. Dashboards also provide actionable insights that are available on demand to each user. As a result, you can access the information with one click. Therefore, using this tool eliminates the need for time-consuming manual data analysis.
The intelligence provided by Cognytics is industry specific. The data is tailored to guide each user to the information they need to make timely decisions and solve unique business challenges. And all this information is generated by seamless integration of robust data connectors.
These connectors extract information from various business systems and make it available in one place. As a result, you can access your data from your dashboard whenever you need a panoramic view of your business data.
In 2018, Gartner reports that 87% of organizations have low maturity in business intelligence and analytics. As a result, 9 out of 10 projects are behind. And digital conversion continues at such a rapid rate.
As businesses of all sizes continue to generate more data, smaller businesses must find ways to make better use of their data and face stagnation.
For example, Gartner recommends the following companies:
Develop a comprehensive data and analytics strategy with a clear vision.
Create flexible organizational structures and leverage analytics resources to provide ongoing analytics training.
Implement a data governance program.
Create an integrated analytics platform that can support a wide range of uses.
You can stop worrying about the size of your small business. The right tools can help you gain insights from the data you generate. For example, ECI Solution states that it can discover hidden value and achieve efficiencies that directly contribute to revenue. And who doesn’t want it?