Question

In: Operations Management

What makes a good data-driven solution? What are some implementation aspects of a successful data-driven solution?

What makes a good data-driven solution?

What are some implementation aspects of a successful data-driven solution?

Solutions

Expert Solution

ans 1=Lately, software solutions could acquire business insights spontaneously, take speedy decisions, & implement specific actions to obtain quantifiable outcomes.

But yet there were certain basic concerns like it couldn’t make sense of what the info was all about & it still required committed human intervention. But the big data explosion in the past few years implied that software solutions should be smarter, more responsive & have the characteristics of artificial intelligence set in them. In brief, software applications are required to be tremendously data-driven in a continually advancing world.

ans 2=The latest data-driven solutions can methodically mine data utilizing efficient algorithms which can crawl internal servers / external databanks accessible thru cloud set-up to give enterprise-grade resolutions . They can forecast the business procedure results with a high level of success & can recommend the future modus operandi . Software applications can effortlessly operate with businesses procedures & enhance them on a regular basis .

This alteration isn’t an evolutionary movement but more of a revolutionary event. The events steering this type of a disruptive development could be the alterations that we are observing in the field of SMAC


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