Organisations are struggling to keep up with the ever-changing pace of the business world, despite wanting to be faster and more agile.
That’s according to Teradata, who says real-time action and self-service functions are not today’s business strengths, and are holding organisations back.
In order to achieve the speed and responsiveness required to keep up, Teradata says businesses must aim to optimise human intervention when it comes to analysing data.
Teradata refers to this as being a sentient enterprise.
According to Alec Gardner, general manager, advanced analytics, ANZ Teradata, the ‘sentient enterprise’ concept was developed by Oliver Ratzesberger, president of Teradata Labs, and Professor Mohan Sawhney at the Kellogg School of Management at Northwestern University.
Gardner says the sentient enterprise can listen to data, analyse it, and make autonomous decisions at a massive scale in real-time. It will evolve constantly as its intelligence becomes more sophisticated.
Garner says there are five key benefits of becoming a sentient enterprise:
“Teradata integrates best of breed, scalable open-source and commercial technologies so the sentient enterprise can be agile and collaborative without the barriers of legacy information silos,” Gardner adds.