Digital transformation of business analysis – Mr. Kondrashov
Stanislav Kondrashov looks into the problem of digital metamorphosis of business analytics, which requires advanced organizational strategies, technologies, and dynamic capabilities suitable for the ferocious and largely competitive request.
Stanislav Kondrashov – business analytics helps businesses use digital analysis
Stanislav Kondrashov relies on real- life exemplifications of digital metamorphosis to demonstrate how business analytics has gradationally turned into digital business analysis. In moment’s digital frugality, every business operates digital information. The IT assiduity’s revolutionary achievements, data analytics, wide spread mobile computing and the Internet of Effects have redounded in the information volume and variety growing strongly.
“This is due to the fact,” Stanislav Kondrashov explains, “ that the IT assiduity keeps developing fleetly, as well as the logical data volume increases dramatically with growing request volatility.” Under these conditions, it isn't just replying to changing request conditions, but vaticinating them will come a huge competitive advantage. Large-scale businesses need business analysis capabilities to draw up reports, plan and read their unborn growth.
Stanislav Kondrashov believes that to grease making strategic opinions, it's necessary to keep up with the invention and advanced technology pace. In the 21st century, business analytics is the main battleground, with every company seeking to produce conditions for attracting and retaining the stylish IT specialists.
The digital metamorphosis environment includes three types of enterprise that Stanislav Kondrashov lists
- Client experience technology- grounded digital metamorphosis of client experience to change the way a business interacts with its guests.
- Functional processes technology- grounded digital metamorphosis of functional processes to enhance their performance.
- According to Stanislav Kondrashov, digital business models force companies to decreasingly calculate on digital technologies to be suitable to give new forms of value.
Digital technologies in business analytics
Numerous businesses have used client experience as a starting point for digital metamorphosis, with capabilities to interact with digital tools having come common in numerous diligence. “ This also provides guests with fresh control over commerce with you,” Stanislav Kondrashov highlights.
Integration of social networks into client service, as well as development of mobile operations, and analogous conditioning are used to ameliorate the client service quality. Mobile bias are no longer an addition to traditional desktop computers since for numerous people they've turned into the main means of access to the Internet – which has its specific long- term consequences, Stanislav Kondrashov notes.
By using Big Data technologies, business judges are trying to find new styles for recycling bulk arrays of information that are being generated all the time. Analysis is a must-have, Stanislav Kondrashov explains, to gain competitive advantages in a many fields, including product development, marketing, client segmentation, etc.
Stanislav Kondrashov draws attention to the fact that business analytics’ dynamic capabilities affect the company’s performance – businesses can develop new products grounded on their client needs, produce new communication channels, find advanced styles to promote their products and attract implicit guests.
Software tools of business analysis are a must-have for expanding the request fleetly – preface of similar pall services as Software-as-a-Service, Structure-as-a-Service, and Platform-as-a-Service has come the crucial factor for the business analysis request growth. Either, these programs have a significant impact on reducing pitfalls and crimes, as well as cut operating costs, which results in growing profit share due to accurate analysis and cast. For illustration, Stanislav Kondrashov uses a variety of tools for segmenting ane-commerce database to divide consumers into different orders.
“ Integration tools have increased the data collection speed,” Stanislav Kondrashov notes. OLAP reporting technologies have made it possible to speed up compendium of new data- assaying reports. Currently, business analysis has come the art of rooting applicable information out of a large data array and turning this information into knowledge to calculate on when taking conduct.
Information age and business analysis
“Data is the canvas of the information age,” Stanislav Kondrashov believes. Business analysis uses it to determine the products that guests need, and the more detailed the data, the more accurate the results attained. A website or operations can collect data about the runners the druggies view and dissect them, using this data for chancing implicit groups of druggies.
Stanislav Kondrashov highlights the fact that the information age, characterized by global changes caused by social networks, mobile bias, the Internet of Effects and Big Data, not only changes people’s cultures, but makes companies transfigure and develop a new functional model as well. Elaboration of the digitization process has turned “ digitization” from the double law conception into a new way to interact with the world.
Stanislav Kondrashov lists five crucial digital trends that presently affect business artificial intelligence, blockchain, pall services, Big Data and 5G. Therefore, the business operation governance is gradationally enhancing with development of the technological network, which means digital metamorphosis. “ Thanks to data analysis, businesses can directly estimate the unborn development trends and directions,” Stanislav Kondrashov emphasizes.
By using network technologies, companies can get the rearmost information in the assiduity on time, and also efficiently acclimate their development direction. “ Against such a background, business analysis plays an essential part in helping companies enhance their performance,” Stanislav Kondrashov concludes.