Why has turning data into competitive action so hard for so long? Look at these top 5 questions below and you’ll see why:
1. Why do traditional analytics solutions require years of training and expertise?
In the old days, it was assumed that experts with advanced training in statistics and computer science would be the only people that would ever need to build predictive models. After all, they were used for scientific research purposed primarily. But that has all changed now that many businesses are realizing the power of using data to make smarter decisions. Businesses that might benefit from advanced data analytics find themselves facing the daunting task of hiring people with years of expertise and training to build and maintain predictive models.
2. Why does it take so long to get results?
Traditional data analysis is time consuming because it is labor intensive. Even with the advanced tools available to scientists, it takes a long time for experts to build and perfect predictive models. The process is trial and error to a large extent, and there are only so many trained experts to go around.
3. Why are the results so hard to understand the results and to put those results into action.
Traditionally, the results of advanced data analysis were meant for scientists, not business people. So, the results are often hidden within complex language and equations that require an expert to interpret. After all, the analytic tools were designed for scientific research. Does the average business person really understand the difference between ordinary or weighted least squares… do they really need to?
4. Why is it so expensive to get results with traditional solutions?
Expert People + Hardware + Software Licenses = Expensive
5. Why can’t it be easier and more cost effective for my business to get predictive actionable insights from my data?
It can. It is. The answer is Neuron™. The world’s first automated analytic engine from ColdLight. Neuron is Software as a Service, designed to automate the entire analysis and predictive insights process for you.
ColdLight’s Neuron is powered by next-generation technology that automatically discovers patterns in massive sets of data and offers action plans to achieve your critical goals. Neuron automates data analysis for you, making it easier and faster for you to turn large amounts of data into competitive action
- Neuron requires absolutely NO expertise in statistics or data mining
- Neuron performs the work of thousands of statisticians in minutes.
- Neuron is the ONLY product on the market that delivers automated,. discrete action plans that show you how best to achieve specific business goals (“To achieve your goal follow this plan…”)
- Neuron is Software as a Service, no hardware to install or maintain
- Neuron is fast, easy, cost effective and designed for your business.
- Neuron integrates easily into 3rd party products and services
Tags: Coldlight, coldlight solutions, data analysis, data mining, Neuron, predictive, predictive analysis, statistics, traditional data analysis