How Is AI Moving From Improving Bottom Lines To Driving Topline Growth?
Recently, McKinsey released a report on the State of AI in 2023. According to the report, 79% of all respondents say they’ve had at least some exposure to Artificial Intelligence, 40 percent of respondents say their organizations will increase their investment in AI overall because of advances in AI. As always, Artificial Intelligence is consistently…
A Closer Look at Data Preparation
Data Preparation, Data Prep or Data Wrangling, refers to the process of collecting, combining, structuring, and organizing data for it to be used in business analytics, Business Intelligence (BI), and other data visualization applications. The process includes putting together data from external and internal sources and pre-processing it before final profiling and cleansing, validation, and…
Revolutionizing Robotic Process Automation With IBM Watson Orchestrate
Mention “enterprise automation” and one is reminded of robots in manufacturing and automated assembly lines. The reality is that enterprise automation is not just about faster product deliveries and automatic manufacturing lines – but is about the business value of automating enterprise processes for more efficiency and greater speed. Today, we find that over 85%…
The Compliance Challenge For Cloud-First Enterprises
For quite some years, enterprises have been taking the cloud-first approach. They are replacing legacy systems with cloud-based applications and building cloud-native applications to the top of robust and flexible cloud infrastructure. These solutions are more sustainable, scalable, and cost-effective than on-premise ones. By 2025, the cloud computing market is expected to grow at a…
How to Lower Entry Barriers To Make Analytics More Accessible and Powerful
In 2011, Bloomberg Businessweek Research Services posed a question – “Is business analytics overrated?” This query sounded utterly plausible at that time, considering only one in four organizations supported business analytics to help realize tangible benefits. Well, time flies, and very swiftly indeed when technological evolution powers data’s case. At present, analytics is known to…
How to Ensure Planning Stays Inherently Data-driven?
A business flourishing in the 1960s must have made instinctual decisions and resorted to individual experience for confronting market challenges. And even those not accomplishing their goals must have put their faith in the shared confidence in “gut feeling” because back then, it was all about “instinct”. However, The Fourth Industrial Revolution has handed the…
How The Cloud Has Enabled The Next Level Of Analytics?
Data analytics is now a mainstay among companies. Research shows that the big data analytics market will reach $103 billion by 2023. However, many companies still struggle to implement data analytics meaningfully and comprehensively. One reason could be the limitations of cost, scalability, agility, and speed imposed by on-premise infrastructure. On-premise provides limited storage systems.…
The Modern Enterprise’s Introduction to Augmented Analytics
Gartner predicts that decision intelligence will be at the heart of more than 33% of all MNCs by 2023. Analysts practicing the same will be developing highly effective data-driven models on the back of technologies like AI, ML, NLG, NLU, and NLP. In fact, more than 75% of the enterprises would no longer define these…
How IBM Watson Is Enabling The Powerful Omnichannel Customer Contact Center?
A Walker study suggested that CX or customer experience can overtake product and price as the key brand differentiator by 2020. Good customer service is no longer optional for companies to stay competitive. In 2022. It is all the more important when 80% of customers tend to switch to the competitor’s product after having >1…
Need of IBM ILOG CPLEX / Decision Optimization for FMCG R&D Teams
In the fast-moving consumer goods (FMCG) sector, where market dynamics are constantlyevolving, the role of Research and Development (R&D) teams is crucial. These teams arenot just responsible for product innovation but also for optimizing processes to ensureefficiency, cost-effectiveness, and agility in response to market demands. This is whereadvanced tools like IBM ILOG CPLEX and Decision…
What Is the Role of IBM Watson AIOps in Modern IT Operations?
Introduction to IBM Watson AIOps In today’s technologically driven landscape, the efficiency and agility of IT operations are pivotal for business success. IBM Watson AIOps emerges as a game-changing solution, integrating artificial intelligence into the heart of IT operations. This innovative platform redefines the approach to managing complex IT environments, utilizing AI to analyze, predict,…
How Can IBM Instana Services Improve Application Performance?
Introduction to IBM Instana Services In the digital age, application performance is a cornerstone of business success. IBM Instana emerges as a cutting-edge solution, offering more than just application performance management – it provides comprehensive observability and control over complex application ecosystems. This innovative tool, known for its advanced analytics and real-time data processing, plays…
Curious About IBM DataStage? Here’s What You Need to Know
What is IBM DataStage? IBM DataStage, also popularly known as IBM InfoSphere DataStage, is a leading ETL (Extract, Transform, Load) tool that facilitates the integration of data across multiple systems. Falling under the umbrella of the IBM InfoSphere suite, this powerful tool is designed to handle large volumes of data, making it a preferred choice…
Maximizing Your DB2 Database Efficiency: Expert Consultation
In the digital era, data is one of the most vital assets for any organization. Efficient management and seamless processing of data are key in ensuring an organization operates optimally, decisions are made promptly and accurately, and customer needs are handled with precision. Among the various databases that large enterprises utilize, the DB2 database stands…
How Do Data Integration Consulting Services Enhance Business Efficiency?
Introduction to Data Integration Consulting Services and Veracitiz’s Role In today’s digital age, businesses are inundated with data from various sources. The challenge lies not just in collecting this data, but in integrating it seamlessly to drive business decisions. This is where data integration consulting services, like those offered by Veracitiz, come into play. They…
Why is Data Governance Consulting Vital for Modern Businesses?
In today’s digital age, data is the lifeblood of businesses. It drives decision-making, shapes strategies, and influences customer interactions. But as the volume of data grows, so does the need for effective management and governance. This is where data governance consulting services come into play. In this blog, we’ll delve into the importance of data…
AI-powered Chatbots: Revolutionizing Customer Support with IBM Watson Assistant
In an era of immediate communication and 24/7 customer expectations, the customer service landscape is rapidly changing. At the helm of this transformation are AI-powered chatbots. One of the premier platforms propelling this change is IBM’s Watson Assistant. Introducing IBM Watson Assistant: AI Chatbot Integration by Veracitiz While ‘chatbot’ might be associated with basic automated…
Enhancing Business Outcomes with IBM SPSS Modeler and Veracitiz
An Overview of IBM SPSS Modeler and Its Key Features IBM SPSS Modeler is a prominent data science tool that empowers efficient decision-making through predictive analytics in today’s interconnected world. With a plethora of sophisticated algorithms and methods, such as text analytics, entity analytics, decision management, and optimization, it enables organizations to delve into their…
Role of Artificial Intelligence in Revolutionizing Data Processing Services for Intelligent Automation
Introduction to AI-Driven Data Processing Services Artificial Intelligence (AI) is a transformative technology that is revolutionizing industries worldwide. At the forefront of this revolution is Veracitiz, a leading provider of AI solutions, particularly in the realm of data processing services. By integrating AI with data processing, businesses can automate repetitive tasks, extract valuable insights from…
How Veracitiz’s IBM Cplex Can Drive Smarter Decision Making?
Industry Trend The business landscape is currently experiencing a significant shift towards data-driven decision making, with companies increasingly leveraging advanced technologies to optimize their operations and strategies. This trend is largely driven by the growing volume of data available and the advancements in technologies such as artificial intelligence (AI) and machine learning. These technologies enable…
How Veracitiz’s IBM Decision Optimization Helps Organizations Thrive?
Introduction In the realm of day-to-day decision-making, decision-makers often find themselves grappling with numerous constraints. Whether it be a lack of time, and resources, or simply not being aware of the existence of science-based tools, people are frequently compelled to rely on gut-based decisions. However, Veracitiz aims to change this paradigm. As a dedicated partner,…
Harnessing Data Insights with IBM Cognos Analytics
Introduction In today’s data-driven world, businesses rely on advanced analytics tools to extract valuable insights and make informed decisions. IBM Cognos Analytics is a powerful business intelligence software that enables organizations to harness the full potential of their data. Veracitiz specializes in leveraging It to help businesses unlock actionable intelligence and drive success through data-driven…
How Data Analytics is enabling Industry 4.0
Also known as the 4th industrial revolution and smart manufacturing, Industry 4.0 is all about integrating smart technology into industrial manufacturing processes for greater efficiency, quality, and better outcomes. A McKinsey survey on Industry 4.0 reported that two-thirds of manufacturing companies view it as their top priority. Additionally, a research study conducted by McKinsey and…
The Top Opportunities and Challenges in the World of Chatbots Today
Chatbots look set to revolutionize the service sector. Organizations can handle fewer calls, chats, and emails after automating their customer service. Now, it’s all about delivering positive customer experiences using AI! Conversational Chatbots are taking brands a step ahead of their competitors. Statistics reveal that the market size of Conversational AI is expected to reach…
Why the Financial Sector Loves The Practice Of Analytics?
The rapid proliferation of digital services in the banking sector fostered by both traditional incumbents as well as new generation fintech companies has resulted in a massive surge of data being generated across the financial ecosystem. And now, from customer experience to improved revenue monetization, financial enterprises are in a race to extract the maximum…
Cloud Pak for Data – The Powerful, Unified Solutions Enterprises Need Today
Previously, it was the norm for several data-oriented tools, products, and offerings to be used to address different requirements. Even in the IBM portfolio, enterprises turned to Planning Analytics, Cognos Analytics, and Watson for specific purposes. In some enterprises, this created a situation where there were individual instances of these powerful tools running in the…
Why Smart Manufacturing Must Start with Intelligent Planning?
Smart systems and applications are being rapidly deployed in organizations. Manufacturing is one area that is now being transformed with the integration of advanced technologies and systems. Terms like Industry 4.0 and Smart Manufacturing are becoming much more common. This is a data-driven manufacturing paradigm that embraces intelligent automation and systemic change. At its core,…
The new age of Transparency, Accountability, and Participation in Business planning
Today, both small and large business enterprises are looking to become agile and resilient. Often, they start by trying to optimize their business processes. This is true even in organizations that have always depended on “traditional” legacy processes and systems. An example of this is a bank that had managed its time-tested and robust processes…
Managing the enterprise data fabric with Cloud Pak for Data
Cloud Pak for Data unlocks the full power of your company’s data. This powerful solution ensures that any cloud can host an open, extendable data and AI platform. What matters most is that you have the correct tools at your disposal at the right moment to obtain value from the relevant data. Using a single,…
What You Need To Know About The Role Of AI In Making Manufacturing Better
The manufacturing industry has come a long way since the industrial revolution began. From following manual processes, manufacturing companies have entered Industry 4.0, where technologies like automation and IoT are used to optimize, accelerate, and automate the manufacturing process. Today, the focus has shifted beyond just manufacturing products. Today, there’s a growing focus on making…
Why IBM Watson Contextual Capabilities Make It A Winner?
When Watson emulated the success of Brad Rutter and Ken Jennings on Jeopardy! (the famous American quiz show), it became clear that IBM was on the verge of yet another tech revolution — and this time, it was going to be gigantic. Fast forward to ten years and, as it stands, almost everything about Watson still garners…
5 Powerful Ways Data Analytics and AI Are Enhancing Customer
To keep up with empowered customers and nimble competitors, you must change how your firm provisions and manages data.”–Forrester’s The Data Management Playbook For 2021Data plays an increasingly important role in today’s technology-powered business landscape. Organizations rely on data to understand customers, design innovative new offerings, enhance operations, and guide business decisions. Data also powers…
Why There’s A Surge In AI Adoption Coming
Artificial Intelligence (AI) is no longer a technology innovation only seen in the boardroom presentations when R&D budgets are discussed among the leadership. In the last decade, AI has become a part and parcel of our daily lives. AI solutions are ever learning more about how humans want experiences to be created and helping businesses…
A New World of Flexibility and Functionality with Cloud Pak for Data
Data silos, business fragmentation, redundant operations, uncertainty, interoperability challenges, costly bespoke integrations, etc., are plaguing modern-day organizations. Even with powerful solutions like IBM planning analytics, and IBM Watson at their disposal, businesses find it challenging to cope up with the fragmented nature of the workflow, and understandably so. While such solutions are world-class, they work…
Why Enterprise Analytics Must Not Ignore Unstructured Data?
Do you know that 90% of the data generated by any business is unstructured? Or that,95% of business enterprises do not know how to manage their unstructured data? Adding to that, unstructured data is growing at 55-65% every year. Most businesses lack the necessary expertise to deal with unstructured data. With Big Data growing exponentially…
Why The Post-Pandemic Age Will Be One Of AI
Did you know that 75% of films watched by subscribers on Netflix are recommended tothem by the company’s intelligent AI algorithms? This is just a sign of the extent to whichAI has become a part and parcel of our daily lives.From grocery shopping to automotive factories, artificial intelligence and machine learninghave been deployed across a…
The digital transformation of the age-old budgeting process
As a C-level executive, you are expected to do more with less. Finances are always tightly managed and keeping track of what you need to invest in, i.e budgeting is a crucial function. What makes the effort more complex today is the fact that the budgeting ecosystem is evolving at a great pace. A voluminous…
Planning Analytics – How it is Driving the New Age of Manufacturing
Whether it is to improve product quality, reduce costs, or optimize supply chains, dataanalytics is now an integral part of strategies in the manufacturing sector. Inextricablylinked to the “Industry 4.0” revolution, analytics has played its part in determining “whythings happen” as well as “what is likely to happen”. For manufacturing, analytics helps find answers to…
5 of the Biggest Challenges Making Chatbots to Work For Your Business
Among the main pain points for consumers when interacting with any business twoprominent complaints are not being able to get a response. For those who get one, manyreport not getting satisfactory answers to their questions. At least 31% of consumers havereported this problem. Another 28% experienced difficulties finding the essential (butsimple) details about a business…
How Data is Helping FMCG Companies Transform The Customer Experience
The retail sector is often seen as one of the pioneers of digital transformation. The sector has been witness to some of the most promising disruptions aided by digital technology and this is changing the economic landscape every day. For instance, in 2019, 16 % of total retail spending in the US was driven by…
Why The Post-Pandemic Age Will Be One Of AI
Did you know that 75% of films watched by subscribers on Netflix are recommended to them by the company’s intelligent AI algorithms? This is just a sign of the extent to which AI has become a part and parcel of our daily lives. AI is helping consumers make more informed buying decisions and empowering enterprises…
The Potential of AI in Planning Analytics
IBM Planning Analytics, an AI-infused planning, forecasting, and reporting solution offered by IBM, has for long been a popular tool among enterprises. Over the years, it has received numerous accolades thanks to its consistent improvements and innovation. At the core of it, there’s the ‘TM1 server’, which is a powerful calculation engine capable of working…
How Data Can Help Organizations Accelerate Their Business Planning Process And Achieve Goals
In 2017, an Economist article claimed that the world’s most valuable resource was no longer oil, but data. Today, it’s not disputed that data is the treasure trove that can open new possibilities for innovation and business improvement. A data-driven organization is 19 times more likely to achieve profitability than a non-data-driven organization. However, it’s…
How Data Can Help India’s FMCG Companies Make The Most Of The Opportunity In Bharat
The FMCG industry has started to take a keen interest in Bharat, i.e. the rural and semi-urban areas of the country. According to Nielsen’s Report, rural India has started to outpace the urban counterparts in consumption. After a brief lull, rural India has reported recovery, and sales have picked up again. In fact, companies like…
How Analytics Helps Fast Moving Consumer Goods Move Fast!
Over the last decade, the fast-moving consumer goods (FMCG) industry has experienced healthy growth. One of the reasons behind the growth was the adoption of experience retailing along with a general shift in consumer preference towards enhanced shopping experiences. The trends in the FMCG sector change constantly due to dynamic consumer behavior. This puts FMCG…
Reporting – The Underappreciated, But Extremely Crucial Piece of The Enterprise Analytics Puzzle
In a digital age, the ability of organizations to collect, process, and analyze data from a gamut of internal and external sources can have a huge role to play in their success and longevity. Analytics not only helps in unearthing insights; it also helps uncover trends and opportunities on a continuous basis. However, as businesses…
The new and improved FMCG sector – now with the power of AI
Technology has for long been playing a key role in delivering a competitive edge for FMCG companies. Many companies are already reaping the benefits of digital transformation initiatives, some nascent and others comprehensive. In that light, it’s interesting to see how Artificial Intelligence is unlocking huge benefits for FMCG companies by bringing in more efficiency…
Data-Driven Digital Transformation of Banking: The Why and How
The banking sector is facing disruption. Just like Amazon and other big e-commerce players disrupted the retail industry, the banking sector is facing a similar kind of disruption at the hands of tech-driven financial services firms and online banks. These firms have a more modern outlook. For instance, they utilize the full power of mobile…
Data is Adamant
Yes, you heard me right “Data is Adamant” and it’s making us dance around it. For over so many years organizations have embraced social, economical , political and educational reforms and during this journey they have been receiving tons of data at their disposal. With the change in time and change in market dynamics many…
How Data Can Drive Agility In Business Planning
Change is the only constant. In a world where customer needs evolve every day, and technology changes constantly, companies have to think fast, implement their strategies quickly, fail fast, learn from mistakes, and continue innovating. To do all this, agility is important in business planning. Companies must be willing to respond to changes quickly without…
HR Analytics : How Companies Achieve Better Business Outcomes?
Somewhere over the past decade, the Human Resources (HR) department within an organization transformed from a support function into a strategic one empowering the employees to maximize their potential and deliver great business outcomes. HR has been instrumental in driving a growth-focused business value proposition by setting up practices that encourage upskilling, continuous learning, and…
How Analytics can help Organizations in Turbulent time of Covid-19
COVID-19 has affected over 17 million people worldwide, claiming over half a million lives till July 2020 when we created this blog. Companies like IBM brought in some much-needed computing power to forecast the virus’s trajectory across countries which greatly contributed to controlling the outbreak in addition to supporting the effort involved in creating a…