Near Contact. The Importance of Data and Artificial Intelligence in Business Transformation

septiembre 20, 2023
/Data Analytics - Microsoft Azure

The Importance of Data and Artificial Intelligence in Business Transformation

Data is the most valuable resource for companies, and AI provides perfect tools that enable organizations to gain a more detailed insight into this data, helping companies make better decisions based on more accurate information.

It is this combination that allows companies to quickly adapt to the demands of a changing market and gain a competitive advantage in a complex business environment that is undergoing unstoppable transformation.

The Strategic Role of Data Today

As mentioned earlier, data is the most valuable asset for companies in any industry, especially now that we are immersed in this digital transformation era.

It is no coincidence that more and more organizations are recognizing how the way data is read leads them to make better decisions, envision more innovation, and drive transformation in all aspects of their companies.

Basically, data has become the engine that drives modern business strategies, and the way it is understood and used undoubtedly makes a difference.

What Is Data Fabric?

This is where we introduce the concept of “Data Fabric.” This concept refers to the comprehensive approach to data management and administration that has become a fundamental process for leading companies towards becoming Insight Driven Companies.

Data Fabric is nothing more than a comprehensive approach to data management and organization that functions as a kind of architecture that connects various internal and external sources of information to create a cohesive and accessible infrastructure.

Through this approach, companies collect, store, and analyze data efficiently, making their information and data collection increasingly valuable and applicable.

With Data Fabric, organizations make more informed decisions by anticipating market and customer trends.

Through this model, companies enable themselves to optimize operations and develop a data-driven culture of innovation.

Data Fabric is the foundation for driving business transformation towards becoming Insight Driven Companies, making them more agile, efficient, and competitive.

How Does Data Fabric Organize Data Sources to Create a Cohesive Environment?

Data Fabric constitutes a strategy designed to address the challenge of structuring the varied data sources within organizations to establish a uniform and easily accessible environment. To achieve this goal, Data Fabric relies on three fundamental pillars: integration, virtualization, and uniformity.

  1. Integration

Integration is crucial for gathering data from diverse systems and sources, regardless of where they are located. This encompasses databases, applications, cloud services, and other elements. Data Fabric uses connectors and protocols to collect, transform, and load data into a central point, creating a coherent view of information.

  1. Virtualization

By using virtual layers and query tools, Data Fabric establishes a consistent experience when accessing data, increasing efficiency and reducing complexity. The goal in this stage is to allow users to access and query data easily, regardless of where the data is stored.

  1. Uniformity

Uniformity ensures that data maintains consistency and accuracy throughout the context. Data Fabric implements data quality standards and ensures that data is continuously updated and synchronized, avoiding discrepancies and duplications.

Benefits of Data Fabric for Business Transformation

An organization that implements a Data Fabric strategy can obtain several significant benefits to enhance its organization and business approaches.

Here are some key benefits:

Comprehensive Data Insights: Data Fabric enables the company to gain a unified view of data from various sources and systems, facilitating the identification of patterns and trends that might otherwise go unnoticed.

Innovation and Agility: A cohesive data organization and easy access allow companies to be more agile in innovation. Identifying new opportunities and creating innovative products or services becomes more feasible when you have a clear and complete view of the data.

Process Optimization: The Data Fabric strategy makes it easier to identify inefficiencies in operational processes. By analyzing data, companies can optimize workflows, reduce cycle times, and improve efficiency throughout the organization.

Improved Customer Experience: A complete data view enables companies to better understand their customers and provide personalized and relevant experiences. The Data Fabric strategy facilitates customer segmentation, tracking interactions, and delivering services tailored to their needs.

Scalability: A Data Fabric strategy can scale as the company grows and expands. As new data sources and systems are incorporated, the existing infrastructure can adapt and continue to provide a cohesive environment.

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