Data Analytics and ChainSys dataZense

Data Analytics and ChainSys dataZense

What is Analytics

Data analytics is the process of examining large and varied data sets to uncover hidden patterns, correlations, and other insights that can be used to inform business decisions. It involves the use of statistical and computational methods, as well as data visualization tools, to make sense of complex data.

The need for Data Lakes and Data Connectors

Today big organizations are straddled with multiple operational ERP systems, by way of acquisitions or mergers, or other means. So to get the overall picture of the organizational performance and to predict (guesstimate) future performance, a consolidated data lake has to be built and dataZense with its connectors/adapters available for multiple ERP Systems becomes more relevant. With data traffic coming from multiple systems traffic cops become essential (Governing the data coming into the lake – Analytical MDM feature of dataZense). The choice for the data lake has also expanded (Microsoft Synapse, data bricks, Delta Lake, Cloudera, Amazon, Snowflake, Mongo DB, Open TSDB, Google Big Query, and others). Now pumping of data into these lakes (data ingestion) is to be done through specialized receiving ports. dataZense has ready-to-use Ingestion adapters.

Improving Data Quality in the Lakes

Within the lake, all the data brought in from various sources is kept initially in a Bronze layer. The data from Bronze is cleaned and transformed in line with the needs of the Business and moved into the Silver layer. From Silver, analytics-ready data is formed in typically data cubes in the Gold layer. Data de-duping, standardization, and some enrichment also happen between Silver and Gold.

Visualization

dataZense provides dashboards most commonly required by CEOs, CFOs, COOs, CISOs, Shop Floor Planners, etc. Several algorithms are available in dataZense to analyse the data. The crux is to find the right analysis method for the objective, for which we set out to collect data. Sometimes we might use it to find a best-fit line, curve, or graph to best describe the spread of data collected. Other times we may resort to “Machine Learning” techniques or algorithms to answer futuristic questions or group (classify, cluster) the data. The dashboards and reports can be distributed within the organization.

Access Control

Now access to the dashboards, reports, and in general the Gold Layer has to be restricted based on the role of the Business User and geographical location within the organization of the Business User. The access controls are well managed from within dataZense. It has the capability to integrate the Analytics System with popular Identity Management Systems such as Oracle’s OIM (Oracle Identity Management) and Okta. Identity Management Systems can provision access information to the Analytics System.

The Gold layer data can be scrambled or masked based on the critical and sensitive nature of the column of data.

Unstructured data

When we are done doing something, the next thing is ready for consideration in the fast-paced Information Technology world. People today want to rein in unstructured data (e-mail, PDF, excel, word, social media, etc.). Are you wondering how Excel could be unstructured? Yes, unstructured, if people put multiple tables of data in the same sheet, horizontally and vertically. dataZense crawlers get tabular data from Word, PDF, Excel, and e-mail and get them over to the data lake. OCR technology is put to use, where needed.

Data Analytics

Meta data

So far it has been data, data, and data. What about metadata (Definition, meaning, and interpretation details for data)? We lose metadata information when systems get old and concerned employees to retire (loss of tribal knowledge). We lose metadata information when there is a rapid acquisition of a company and its systems and no proper transfer of information happens (or if many of the acquired entity employees are fired).

Data Catalog

Data Cataloging is an effort where an organization goes about meticulously collecting and documenting usable data stores lying in various legacy and other systems and filling in missing metadata. If done manually it is a very tedious and time-consuming process. dataZense offers crawlers to analyze (examine) data in columns and see what their nature is, and document the same in a Catalog. Built-in workflow allows many data experts to collaborate and provide/refine metadata. The Catalog would be a living reference document, which would mean constant updating by the parties responsible for it. The Catalog can be used by business analysts and data scientists to know the availability of data across the organization and use the data in Analytics and Visualization.

The data catalog also profiles intelligently and arrives at possible relationships among the columns considered for metadata enhancements. This allows us to create a first cut Entity Relationship (ER) diagram.

Data Lineage

The Data Lineage function of dataZense allows you to track the origin and movement of data throughout the organization. You can see where your data came from, how it has been transformed, and where it has been used. This is especially important for compliance and regulatory purposes.

dataZense Advantage

  • Ready connectors/extract adapters from one of the ERPs such as Oracle E-Business Suite, SAP ECC, SAP S/4HANA, Oracle Cloud Applications, Microsoft Dynamics, JDEdwards, Peoplesoft, and others.
  • Pre-defined cubes (financial, manufacturing, HR, and other areas) lead to commonly needed dashboards and reports for company executives to make meaningful business decisions.
  • Economical Enterprise Data Management (EDM)
  • Build and deploy data lakes in platforms of your choice: Microsoft, Amazon, Oracle, Google, Snowflake, databricks, in-house servers, and others
  • Data Quality measures
3 Signs Your Company Needs a Data Analytics Solution

3 Signs Your Company Needs a Data Analytics Solution

Data is a simple fact of running a business in this day and age. However, you must understand that data is more than facts. What good are a million customer insights if you can’t convert numbers into actionable information? We have the answers! Read on to discover three signs your company needs a data analytics solution.

Tons of Meaningless Data

A dataset consisting of tens of thousands of data points is potentially very useful—and potentially very useless. A pile of numbers is meaningless unless you have a way to parse the data and glean helpful insights into your customers’ habits.

If you have more numbers than you know what to do with, data analytics can help guide you to understanding. This is the single largest benefit to data analytics—it’s a way to make sense of the proofs and figures arranged in columns before you.

Reports Come Too Slowly

Many businesses rely on up-to-the-minute information to stay agile in a competitive space. When you learn about a new trend that could benefit your company, it makes sense to pounce right away so you can capitalize.

Unfortunately, when that information arrives on your desk too late, there’s not much you can do. Data analytics ensures you have the reports you need when you need them.

Old Spreadsheets Aren’t Cutting It

When you scour through the old spreadsheets in your data catalog, you may find them sufficient. However, where Excel once served you well (when you had far fewer fields to fill), you now find that populating an Excel spreadsheet is time-consuming and far from flawless. Data analytics provides an alternative without the possibility of an invalidated report due to a single incorrect formula.

Now that you know these three signs your company needs a data analytics solution, come up with your own solution and start benefitting from new insights. It won’t take long to see results, so set the wheels in motion and enjoy the results!