MENDHAM, N.J., Feb. 18, 2020 /PRNewswire-PRWeb/ -- Process Tempo, the first cloud-based analytics platform designed to reduce data complexity, today released its first of several Vision and Insight 2020 predictions for the coming decade. In the document, Process Tempo points to the importance of data accessibility, data integration, and the concept of "process ingenuity" as key factors that will help progressive organizations find success.
"The dawn of a new decade is the perfect time for organizations to reflect, regroup and rethink their vision of the future," said Phil Meredith, CEO of Process Tempo. He added, "It's also a good time to analyze those companies that have operated ahead of the pack, to learn from them and to find ways to take advantage of what made them successful. What we have observed is that regardless of industry, the most successful organizations treat their data like a tech company would treat its core product or service. We see this trend continuing throughout the coming decade."
"Most organizations do not suffer from a lack of data, but do struggle with a high degree of data complexity. This complexity impacts their ability to turn data into useful information which is required for timely decisions," said Meredith. "I have seen scenarios in which data requests by business analysts can take over a month to be fulfilled, delaying decisions and increasing risk to the business. Progressive companies are investing in methods to remove these bottlenecks and enable self-service which is the approach we believe you'll see more companies take in the coming decade to adapt and compete."
Finally, as the amount and importance of data continues to escalate, Process Tempo predicts that the '20s will see companies looking for common-sense ways to separate data storage from data usage in order to improve cost efficiency. Technologies that can help keep software license costs contained will increase in popularity as they help organizations balance the data volume/data usage cost scale.
To download the 20/20 vision, visit https://www.processtempo.com/vision-insight-download or go to http://www.processtempo.com to learn more.
About Process Tempo Inc.
Process Tempo helps organizations achieve operational excellence by streamlining access to traditionally disconnected data sources and reduces data complexity to improve decision making. Process Tempo helps to bring people closer to data, thereby increasing collaboration and opening the doors for advanced analytics, modern data warehousing and artificial intelligence opportunities.
For more information on Process Tempo, contact us at [email protected].
SOURCE Process Tempo