Whether you’re in finance, insurance, retail, or some other highly competitive business, business analytics are a critical component of your management strategy. From insurance companies that need to analyze claim submissions each quarter to banks doing month-end processing to retail companies analyzing product mixes, business analytics are more critical than ever.
However, the vast explosion of data over the past few years means that for many organizations, their analytics tools aren’t working as well as they want them to. Anyone (and that’s everyone today) with massive amounts of data to analyze quickly is finding it harder and harder to keep up. Queries take too long. Real-time data can’t be analyzed in real-time. It’s difficult to run ad-hoc queries in a timely manner. Large numbers of concurrent users significantly (and negatively) impact performance. Existing solutions have poor scalability and lack high availability. There are so many issues. And the trend toward public cloud data warehouses complicates matters. Business analytics using public cloud data sources can exacerbate data control and security issues, performance issues, data migration problems, hidden costs, complexity, and more.
What’s the solution? While it might be counter-intuitive, for most companies the business analytics problem isn’t the business analytics tools themselves, but the back-end data stores—from databases to data lakes to data warehouses. Even large-scale data warehouses, designed for big data, can’t always deliver the data in a timely manner.
That’s where the new data warehouse approach from Yellowbrick comes in. The Yellowbrick data warehouse provides a solution that’s ideal for world-class business analytics. It allows organizations to seamlessly have data in multiple public and private clouds simultaneously while ensuring easy, fast access to data wherever and whenever its needed. The Yellowbrick hybrid cloud data warehouse enables enterprises to use their data to make real-time decisions quickly and efficiently, eliminating slow business analytics performance and empowering business users to drive meaningful insights more quickly. Yellowbrick is offered as a subscription service on any cloud or on-premises in your data center.
Business data volume is going nowhere but up. From real-time data to vast amounts of web-generated data to large-scale transaction systems, organizations are gathering more data at a faster rate than in any time in history.
And all this data contains insights that are critical for running the business—from simple transactions to analysis opportunities that can yield important insights for improving operations, identifying new opportunities, or increasing competitiveness. For example, the right data and business analysis can yield insights into how an organization can align it products or services to customers or their buying patterns better.
But capturing those insights requires fast, robust analytics. For example, investment dashboards require sub-second refreshes that include real-time and historical data. Portfolio managers have to manage tens of thousands of financial positions without lag time. Banks must detect and prevent fraud instantly, using realtime and historical data. They also need to manage risk across complex investment vehicles in response to evolving regulations.
That’s why responsive data analytics is so critical for staying competitive. The longer it takes for businesses to identify insights from its vast data sources, the more the business will suffer. Data is only valuable when it’s put to use, and if it’s too cumbersome or slow to be put to use in a timely manner, the business is losing huge opportunities.
Unfortunately, too many organizations face situations where their analytics capabilities simply aren’t keeping up with growing data volumes or the needs of the business. Perhaps it’s the inability to get the reports needed in a timely fashion, or the inability to drill down into the data in a meaningful way to identify insights that will keep you ahead of the game, or tools that aren’t running as quickly and efficiently as needed because of multiple lines of business trying to concurrently access the data warehouse, or the fact that you have thousands of users accessing data warehouses and trying to do deep dives into data and slowing down the system. If so, you’re not alone in finding it hard to get the business insights you need out of your analytics tools.
Let’s take a closer look at some of the specific challenges facing organizations trying to get the most from their analytics tools:
In short, the problem with many organizations business analytics processes isn’t the analytics themselves, but the responsiveness and agility of the back-end data sources.
Whether you’re struggling with reports or month-end close processes that take forever to run or you are tired of waiting for real-time data to be loaded into your data warehouse, getting the most of your business analytics may be easier than you think.
The Yellowbrick data warehouse is an ideal hybrid cloud solution that provides unmatched performance for business analytics needs. Built from the ground up to be easy to manage and to provide unmatched performance with petabytes of data, Yellowbrick can support thousands of concurrent users performing complex ad hoc queries and running sophisticated reports. Its unique hybrid cloud architecture enables organizations to easily manage large, difficult-to-migrate datasets where they reside—on premises or in the cloud.
Yellowbrick is quick to deploy, easy to expand and data-ready out of the box. The solution fundamentally changes the economics of enterprise data warehousing to deliver the lowest acquisition and operating costs, and highest performance for business analytics. It’s able to do that because it takes a different approach—one that fits today’s need for robust and rapid business analytics better than previous solutions.
Consider these key business benefits of Yellowbrick:
Regardless whether your organization is analyzing customer conversion, real-time securities fraud, regulatory compliance, predictive analytics, risk management or any other type of business analytics, the ability to effectively and efficiently analyze large quantities of data is critical.
With its unique hybrid cloud architecture , Yellowbrick is ideally suited to help companies successfully address any data analytics challenges. Yellowbrick’s hybrid cloud solution helps businesses build real-time performance into their existing on-premesis or public cloud systems. It can serve as a performance engine or data aggregator for a data lake, unlocking the business value of data locked in existing data stores. Yellowbrick’s out-of-the-box performance, minimal operational overhead requirements, low latency, common SQL language, standard connectors, and rapid data migration enables it to better address the new era of big, real-time data analytics better than any other data warehouse solution.