Data as a service (DaaS) is a data management strategy and deployment model that uses cloud technology to supply a variety of data-related services like storage, processing, and analytics.
Rather than being a single vendor technology DaaS is an architectural design. therefore, information is stored in the cloud and is accessible through different devices. The service also offloads the downsides of data management to the cloud provider, and it can be used by multiple business teams and department to improve processes, including marketing, sales, supply chain and inventory management.
Benefits of DaaS in a company
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Financial flexibility Companies can use DaaS to trade off investment and operating costs therefore, companies can utilise DaaS to launch their services without investing in the systems and personnel needed to manage their data. |
Agility DaaS increases the speed with which users can obtain relevant data by exposing it in a flexible but easy manner. Users do not need a comprehensive understanding of where the data is stored, and they can act fast when needed. |
Data quality The data service allows users to obtain information therefore, data services is the one update point, which can lead to data quality improvements, making it easier to track changes to data. |
Why do we need data as a service?
When you wish to compare your company's performance to that of competitors, data as a service is a beneficial tool. Organisations can use DaaS to have access to worldwide data and develop benchmarking reports that include financial performance, turnover, and leadership effectiveness, as well as percentile breakdowns.
How we can help with your data analysis management
Our data analytics dashboard functions as a command centre, providing you with critical information about the inner workings of your fulfilment and distribution network. Analytics is at the core of our digital supply chain technology (WMS, TMS and Data Analytics) to create an ecosystem that shares end-to-end information in real time. This technology creates a more visible supply stream across each touch point of the value chain from procurement of materials through to shipment and returns.
Fully customisable dashboardFully customisable dashboard showing you what you want to see. We operate an open loop policy so dashboards can be continuously modified to suit business needs. Example items that can tracked/displayed:
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Visual are InteractiveEach data analytics visual is interactive allowing you to filter in real time across any KPI. There are many benefits to this function such as faster action, quick access to relevant business insights, creating new discussions and many more. |
User defined viewCreate specific dashboards for individuals or teams to support their day-to-day activities from operations to sales to C-suite personnel. |
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Data miningData mining – each visual dashboard can be explored through table format for easy analysis and exported for external reports.
No more excel spreadsheets!
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Cost ManagementOur dashboards also include cost vs. budget live tracking which can be viewed daily, weekly, monthly, quarterly, or annually. This ensures our customers can actively manage supply chain costs efficiently to guarantees it is in line with budget expectations. |
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DaaS is a new supply chain model that allows customers to be more flexible while also allowing suppliers to generate new revenue streams. DaaS, as a single integrated experience, represents a major shift in supply chain management, with considerable advantages over traditional models.
Are you ready to explore the power of Data Analytics?
Topics from this blog: Data Analytics data analysis data mining DaaS
