A company’s intellectual property (IP) was once tied almost exclusively to a product’s unique selling points (USPs) and patents, or in services-led industries, the customer experience (CX). Today, the most valuable commodity in any organisation, is, without question, data.
When you consider that we produce an estimated 147 zettabytes of data every single day, harnessing, organising, understanding and connecting this data has become a priority. When it comes to the adoption of new software, most new deployments are only as good as their ability to link seamlessly with third party products. There’s no point automating one area only to have to manually input data or create complex integrations which command time and resources to maintain.
The emergence of new technologies such as data lakes have been a game changer in this area. Data lakes work through taking data in a variety of formats, before adjusting and translating them into common formats which can then become easily accessible and malleable, and used across different applications as appropriate. These ‘lakes’ aggregate everything, independent of source and format, covering both structured and unstructured data, and storing it in its native format. The data is processed appropriately, irrespective of size limits and formatting restrictions.
Once a data lake is in place, reporting and dashboards can be enhanced, as data from all applications can be supported. Taking this one stage further, new technologies can be adopted and linked to, whether it’s artificial intelligence (AI), robotic process automation (RPA) or BI to provide further value to integrations and facilitate greater automation from which to free up resources. While this kind of activity was once confined to the finance department, the capability now extends way beyond the balance sheet, bringing automation, and advisory processes to the rest of the business.
The right platform, complemented with data connectors and data lakes as part of architecture, is key to intelligent automation, and then makes it possible to re-imagine the way in which the business operates.
Opera 3 SE is built on the robust foundations of Microsoft SQL server, providing additional power, security and reliability. However its popularity is largely due to its flexibility. This flexibility comes through having an option to add new modules and functionality as needed, which integrate seamlessly for scale and superior levels of efficiency.
Posted On: March 27, 2024
