If the outbreak of COVID-19 has taught us anything, it’s that when we are faced with a crisis, people will pull together their resources and find creative solutions to even the most unprecedented challenges. One way that we’ve seen this across Canada is our ability and willingness to embrace telecommuting.
Seemingly overnight, people have made the move to digital, and are continuously looking for effective ways to expand their digital capacity, such as migrating to the cloud. Travel for work has, for the most part, proven to be far less essential than we might have guessed in the past. This is largely due to the incredibly fast pace that technology has been progressing in recent years. Some experts are even suggesting that the way we are responding to the current pandemic may set a new precedent for relying more heavily on technologies that will lower our carbon footprints in the short term, and perhaps in the longer term, as well.
Given that things are still rapidly evolving, and telecommuting may persist for many weeks or months to come, you may be wondering how to make the most of your new digital transformation. The answer is data analytics. Lifting from paper to the cloud is the first step to becoming a data-driven organization, whereby decision-making can be based on deep, real-time, insights about your business. But to ensure you get the right insights, you first need to ensure you ingest the right data.
How to Ingest the Right Data
Ingesting data is about more than pulling it in; it’s about creating a complex arrangement of all the pieces, knowing what has value and what does not, to ensure that the results are meaningful to you. It all starts with asking the right questions, and understanding what problems you want to solve, and what goals you want to achieve. If you are new to data analytics, this may seem like an overwhelming process, but Lixar’s modern data platform, HeroPath, makes it easy.
To start, our experts offer data discovery sessions, wherein we help you identify your pain points and objectives, and audit your existing data to draw you an effective roadmap for success. Our DevOps specialists can then create a sophisticated data orchestration model for a production level data pipeline, ready in just minutes. This first step is critical to ensuring that over the next few weeks, your data can be transformed into only the insights that matter to you. Best of all, as your business needs evolve, our solution can be scaled up or down accordingly, so that you are always using the right data at the right time.
Ingestion is the backbone of our HeroPath solution, which is designed to be a customizable platform that uses best-in-class Microsoft components to meet your specific needs. Once you’ve taken in the right data, our engineers can transform it into the answers to all of your most important questions. You can uncover patterns, test outcomes, make predictions and even drive automation and AI solutions. It all starts with embracing digital with a lift to the cloud, and strong data ingestion.
Start Small by Testing a Single Outcome
The best way to see proof of the benefits of being data-driven is to test a single outcome. Lixar has helped many organizations and businesses in this regard. Below are a couple examples of what some of our clients were able to learn by asking one specific question.
Accurate Weather Forecasting
Within certain industries, having accurate weather predictions is critical. In such cases, freak weather events can lead to incredibly unsafe conditions, delayed operations, and increased costs. However, these can be reduced by using rich data and predictive modelling. For one company, this proved true when they asked whether it was possible to better forecast wind speed and wind height, based on historical data. Our model was able to predict if a forecasted value would fall above, below, or within a predefined range of values, with up to 95.8% accuracy. This was a significant increase from the company’s usual forecast capabilities, meaning that our solution enables them to make operational decisions that will be safer and less costly moving forward.
Sophisticated Data Collection
Some organizations rely heavily on staying up-to-date with certain information which is constantly changing, and exists in multiple locations and formats. For one organization in particular, given the rate at which they were seeking out and organizing such information, manual data collection was not only time-consuming, but inefficient. We used our HeroPath platform, and built a rule-based classification model that will automatically collect relevant data from a variety of sources, curate it, and store it. The outcomes were very successful, with our model being able to identify 63% of the relevant data. This means that rather than spend time manually collecting data, the organization can now focus on analyzing and using the data that is being regularly collected for them, thus making their overall operation far more efficient.
Being data-driven means that you can be confident that every decision you make is the best call. This will allow you to be more efficient, more productive, and more successful. You can even solve problems before they occur, and always be prepared for various scenarios and outcomes. But being data-driven also means that you can go even further, and drive innovation. Data is the foundation of machine learning and AI solutions. At Lixar, we believe in a human-in-the-loop approach to AI, which means we explore ways in which AI can help people accomplish important tasks. When it comes to keeping your business running smoothly and efficiently, this goes a long way. AI is a forward-thinking way to stay relevant in changing markets.
Ultimately, COVID-19 is changing the way we currently socialize, work, and conduct business. While it is a difficult time for us all, it’s important to recognize that going digital has long term benefits, and chief among them is that it facilitates a data-driven future for your organization. In uncertain times, we can all truly appreciate the power of data.
For more information about HeroPath, please contact us at email@example.com.