DaaS
Every company wants to be data-driven but just collecting data doesn't make you a data-driven enterprise. However, having actionable customer-centric insights does. If there is a data provider that can do the heavy lifting for easy consumption, then every business can use its services to be more competitive and truly data-driven. Being a DaaS provider is hard because taming raw data is a herculean task and it takes a lot of planning and execution to pull it off. The typical activities to manage data include the following:
- Data collection to ensure quality and timely data
- Data aggregation to summarize data in well-known dimensions for actionable insights and to avoid analysis paralysis
- Data correlation for proper data and risk modeling to use the predictive value inherent in the datasets
- Qualitative analysis to ensure that there is statistical significance and insights generated from the data that can be relied upon
- Advanced BI and AI analytics to...