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In today's data-driven world, businesses constantly collect data from various sources. However, collecting data is just the beginning, as it needs to be analyzed to derive insights and make informed decisions. This is where analytics and business intelligence(ABI) platforms come into the picture. These platforms help businesses to make sense of their data and gain valuable insights that can help them to improve their decision-making process.
An ABI platform is the foundation of an organization's business strategy. It makes your organization's data usable. Effectively utilizing data is the core purpose of business intelligence, and ABI platforms make this process more efficient, creating a more intimate relationship between your data and your business strategy.
One of the main benefits of an ABI platform is that it allows businesses to gain a deeper understanding of their data. A BI platform can provide users with a comprehensive view of their business operations by bringing together data from various sources. This can help businesses identify trends, patterns, and anomalies they may have missed. With this knowledge, businesses can make more informed decisions to improve their operations.
Another benefit of an ABI platform is that it can help businesses save time and resources. Rather than spending hours manually analyzing data, an ABI platform can automate the process, allowing users to focus on more important tasks. This can help businesses become more efficient and productive, ultimately leading to increased revenue and profitability.
Finally, an ABI platform can help businesses stay ahead of the competition. By providing users with real-time insights, businesses can quickly identify opportunities and take action before their competitors do. This can give businesses a significant advantage in the marketplace and help them stay ahead of the curve.
What capabilities are analytics and business intelligence platforms expected to deliver? Here are the 12 critical capabilities defined in Gartner's April 2023 Magic Quadrant for Analytics and Business Intelligence Platforms:
Among them are three new critical capabilities: data science integration, metrics store, and collaboration. These capabilities enable organizations to test hypotheses, articulate measures, and reach consensus in an efficient fashion, resulting in profitable business decisions.
This year, Gartner introduced "Metrics store" as a new critical capability for analytics and business intelligence platforms. A metrics store is, in the simplest words, a middle layer between upstream data warehouses/data sources and downstream business applications.
In the past, metrics were usually defined in data warehouses or ABI applications. This is causing increasing pains for organizations as data volume and complexity grow. The rise of metrics store is an attempt to find solutions for the following challenges organizations are facing:
"Simple tasks like user sessionization, funnel analysis, and data deduplication often require 1,000+ line SQL queries which must be written by expert data engineers or generated programmatically."
Kyligence Zen is more than a metrics store. It is a comprehensive platform that offers a wide range of features to empower organizations in their data analytics journey.
Sitting between data sources and business applications, Kyligence Zen creates the perfect opportunity for metrics to be centrally defined and consumed. It enables users, technical and non-technical, to define metrics using low code or no code in a streamlined fashion.
In addition to metrics management, it also provides data exploration, data modeling, and data governance capabilities. With its high-performance OLAP platform and AI-augmented engine, Kyligence Zen enables users to easily identify datasets and metrics, and generate insights in a more efficient manner.
Kyligence Zen is designed to be user-friendly and intuitive, providing a simple interface that is easy to use for users of all skill levels. It offers a variety of customization options, enabling users to tailor the platform to their specific requirements. With its robust capabilities and user-friendly interface, Kyligence Zen is the ideal solution for organizations looking to optimize their data analytics processes.
To find out more about Kyligence Zen and how it can benefit your organization, visit kyligence.io/zen or try it for free at zen.kyligence.io/en/user/register.
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