Digital Transformation in Services
The Company has always been first to adopt technological innovations for business process optimization and better customer interaction. As traditional revenue streams struggle to remain profitable, companies are engaging in digital transformation; companies are looking into offering novel, higher margin products and services while seeking to improve operational efficiency. They are striving to provide business analysts with better self-service capabilities, and they are working on providing customers with real-time information, mainly in the service of up-selling, cross-selling, fraud detection, and risk management initiatives.
Companies are under tremendous pressure to remain profitable. As online customers can easily compare competing products, retailers need to fully understand customer needs to launch successful, differentiated offerings; companies that adopt big data and the IoT, more quickly than others, will be better poised to do so. All companies, from the smallest to the largest, are under constant pressure to engage in lean inventory management, and digital transformation has become a necessity for every retailer on the planet.
Challenges in Digital Transformation
The many Companies are significantly investing in digital transformation by implementing cloud technologies, big data systems, self-service analytics, and many other modern tools and technologies. But if these components are not interconnected in a way that enables them to generate real-time information that business stakeholders can consume in a self-serviceable manner, then the digital transformation will yield limited benefits.
How Data Virtualization Can Play a Critical Role
With data virtualization at the center of their enterprise data architecture, many of our clients have enabled 360° views of their customers, logical data warehouses consisting of big data repositories, or seamless transitions to the cloud, with a centralized security and governance structure in place.
The Benefits of Data Virtualization
Companies are under tremendous pressure to remain profitable. As online customers can easily compare competing products, retailers need to fully understand customer needs to launch successful, differentiated offerings; companies that adopt big data and the IoT, more quickly than others, will be better poised to do so. All companies, from the smallest to the largest, are under constant pressure to engage in lean inventory management, and digital transformation has become a necessity for every retailer on the planet.
Challenges in Digital Transformation
The many Companies are significantly investing in digital transformation by implementing cloud technologies, big data systems, self-service analytics, and many other modern tools and technologies. But if these components are not interconnected in a way that enables them to generate real-time information that business stakeholders can consume in a self-serviceable manner, then the digital transformation will yield limited benefits.
How Data Virtualization Can Play a Critical Role
With data virtualization at the center of their enterprise data architecture, many of our clients have enabled 360° views of their customers, logical data warehouses consisting of big data repositories, or seamless transitions to the cloud, with a centralized security and governance structure in place.
The Benefits of Data Virtualization
- A 360° view of the customer, which helps in understanding changing needs and behaviors.
- Timely financial intelligence, to make better pricing and promotional decisions.
- A real-time view into a variety of institutional and market risk data sources.
- Faster fraud detection and prevention, to improve customer confidence
- Lean inventory control capabilities, for increased profitability.
