Pyramid Analytics

Decision Intelligence Digest: November 2022 - Pyramid Analytics

The November 2022 Decision Intelligence Digest by Pyramid Analytics highlights how augmented analytics—powered primarily by machine learning—serves as the foundational enabling technology that transforms legacy business intelligence into decision intelligence by automating and optimizing data-driven decision-making, lowering skill barriers, and operationalizing comprehensive, self-service data integration and preparation for both technical and non-technical users.

As we’ve assembled this digest over the past seven months, we’ve looked at decision intelligence from various angles. As analysts, practitioners, journalists, and academics have been unpacking the implications (and driving factors) behind the sea change from legacy business intelligence to decision intelligence, one term continues to bubble to the surface: augmented analytics.

Augmented analytics is an umbrella term: it references the “enabling technologies” that make the practice of decision intelligence possible.

What are those “enabling technologies,” and why are they foundational to business analytics today? Some fresh insights from the analysts covering our space shed new light on that question.

Krishna Roy at 451 Research (part of S&P Global Intelligence) sees machine learning as the crux of the difference between decision intelligence and more legacy approaches:

[O]rganizations need to understand that decision intelligence is not the same as other decision-making approaches. Machine learning underpins its augmentation, automation and optimization capabilities, which lower the skills barrier to data-driven decisions for individuals who do not have sophisticated data or analysis skills – and reduce the “heavy lifting” for those who do.

Likewise, Krishna’s colleague at 451 Research, Nick Patience, claims that the augmented capabilities at the core of decision intelligence have the potential to “operationaliz[e] .. data-driven decision-making.” How does that look, specifically? We’ll quote Nick at length here:

A decision intelligence platform needs to include a few key elements, including a comprehensive data management functionality to enable the integration and blending of all relevant data sources in a self-service manner. They should use machine-learning-driven data preparation to automate certain steps for non-technical individuals, but also offer sophisticated data manipulation, transformation, and cleansing capabilities using a code-based approach to meet the needs of coders who have more complex requirements … [S]upport for multiple query types is also crucial, as well as options in handling how queries are processed, such as in-database, in-memory, or locally, which is a good foundation for insight diversity.

Keep your eye on augmented analytics: these emerging technologies are set to revolutionize how decisions are made over the next few years. For now, keep your eye on the rest of this month’s Decision Intelligence Digest!

Doing Big Things with Decision Intelligence

Our mission is to make a difference in the world by empowering anyone to make faster, more intelligent decisions. It’s why we’ve built (and continue to build) the Pyramid Decision Intelligence Platform.

It’s also why it means so much when our customers show us what they can achieve with decision intelligence. Here are a few recent highlights that have us more convinced than ever that this data- and insight-driven approach to decision-making is already having an impact.

  • Our customer, CRU, is “using prescriptive analytics and Decision Intelligence from Pyramid Analytics (Pyramid) to revolutionize how the sector manages its carbon emissions” with an “all-in-one approach to taking raw data from initial analysis through to consumption and democratized access.”
  • We recently shared a new customer story from Videndum, which has been able to sunset multiple tools in favor of Pyramid, accelerating their time to decision-making across their Videndum Production Solutions division.
  • We were excited to announce this month that we’ve established a new business practice focused on U.S. federal agencies. We’re excited to bring decision intelligence to the public sector (and thrilled to be working alongside our partner Carahsoft).

SAPinsider EMEA 2022

Have you been to an SAPinsider event? We go whenever we have the chance because we love talking to people about the intersection of SAP and analytics.

That’s why we’ve already packed our bags for SAPinsider EMEA 2022 in Vienna! The event is November 15-17.

Our CTO and Co-Founder, Avi Perez, is signed up to present during the conference. Decision Intelligence: What’s Next in Data and Analytics for SAP BW and HANA—it’s a topic Avi knows well and cares deeply about.

Here are some other ways to connect with us in Vienna:

  • Our own Patrick Ebert will present this session on Wednesday: Take your SAP Investment to the Next Level with Pyramid Analytics
  • Pyramid’s Yosef Fried will present a session on Thursday called RISE, Work Zones & Real-Time Analytics: Driving Decision-Making from the Boardroom to the Frontline
  • Stop by booth #445 for a chat! Or, if you’re ready to go deep, book a meeting on-site.

If you’re not attending in person, SAPinsider’s Creating Value Through Decision Intelligence in SAP Landscape report and video, and their Future of Business Intelligence Benchmark Report are both ready for you to read.

Our Future of Analytics on SAP guide and SAP + Pyramid Analytics solution brief are also essential readings as you find ways to get more value from your SAP investment than ever before.

The Look Ahead

  • No Bad Decisions Road Show | Live Events Series | Various Dates
  • Data to Decision: Data Governance for Public Housing Associations | Live Webinar | November 22
  • Decision Intelligence Directors Series – Digital Data Consultancy | LinkedIn Live Series | Various Dates
  • Pyramid Learning Live | Live Webinar | Every Thursday

Thank you for reading the Decision Intelligence Digest. If you would like to learn more about Pyramid Analytics, the Pyramid Platform, or want to hear how others in your industry are changing their approach to enterprise analytics, let’s set up a time to talk.