Data virtualization in today's world is driven by several factors, including maturing of traditional data management systems, increasing computing power, and a declining end-user willingness to wait to access and act on data-driven insights. Irrespective of these factors, it is quite evident that data virtualization is here to stay because it holds the promise of streamlining the challenges that have impacted organizational data management for decades.
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Though most businesses are aware of the need to enhance data management, most of them haven't yet explored the true potential and opportunities that come with data virtualization. Today, advanced analytics and data virtualization enable businesses to become more agile in delivering the required data to business usersQuantzig, in its recent article, exploits some of these opportunities by shedding light on the role of data virtualization and its benefits from a business perspective.
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Data Virtualization A New Opportunity To Drive Meaningful Insights From Siloed Data Sets in 2021
Experts at Quantzig suggest that adopting an enterprise perspective is crucial to improve the success of data virtualization implementation. It's essential from a business perspective because data virtualization is more of an enabling technology that can pose major IT challenges if left unchecked; this is especially true in cases of organization-wise deployment. The actual challenge here lies in striking the right balance between providing enough architectural and data management structure without stifling data virtualization implementation and corresponding innovation.
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In most cases, the long-term success of data virtualization within an organization hinges on the ability to address each of the steps listed below-
- Ensure the solutions meet the evolving, diverse needs of users across the organization
- Establish guidelines that clearly state when the data virtualization platform should be used to access data versus traditional methods
- Determine responsibilities and assign primary ownership
- Train in-house BI and data management teams on the new technology
- Leverage data virtualization to provide controlled and secured access to operational data
Businesses across industries generate different types of data from various sources. Analyzing these data sets is no easy since enterprises have different users at multiple touchpoints with varying skillsets. Hence it is crucial to customized solutions to ensure quick and easy access to data instead of waiting for data to be cleansed and ready for use. At Quantzig, we understand that these are significant challenges from an enterprise perspective. To address the challenges, we offer tailored data management solutions that enable enterprises to be agile so that they can be competitive and innovative with their business models.Book a FREE Demo to learn how we've helped leading players across industries to make crucial decisions with data-driven insights.
Why Collaborate with Quantzig?
With a huge clientele, which ranges from CEOs to BU heads of Fortune 500 companies, we have played an active part in improving business outcomes of retailers globally. Our expertise and domain knowledge also reflects in the number of projects we've worked on and the results obtained. Quantzig's team of 550+ seasoned analytics experts and data science professionals have the expertise and skill it takes to design and build systems tailored to the needs of your business and equip you with data-driven, actionable insights for prudent decision-making Follow us on LinkedIn and Twitter to keep abreast of the upcoming trends in enterprise data management.
About Quantzig
Quantzig is a global analytics and advisory firm with offices in the US, UK, Canada, China, and India. For more than 15 years, we have assisted our clients across the globe with end-to-end data modeling capabilities to leverage analytics for prudent decision making. Today, our firm consists of 120+ clients, including 45 Fortune 500 companies. For more information on our engagement policies and pricing plans, visit: https://www.quantzig.com/request-for-proposal
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