Insights
The Complex World of Data: From Digital Burdens to Intelligent Decisions
The Compass of Business Success
Over the past 15 years, the world of data has undergone a radical metamorphosis, transforming from an unexplored and costly territory into a fundamental compass for business success.
Edoardo, partner at AGIC and at the helm of the Data, BI & Analytics service line, has navigated this transformation from the beginning, guiding the company through the challenges and opportunities of this constantly evolving landscape.
The Era of Prehistoric Data: Costly and Cumbersome
At the beginning of his journey at AGIC, Edoardo faced a world of data very different from today's. Companies encountered significant obstacles:
- Mammoth Data Deposits: Storing large amounts of data was a complex and costly operation, requiring dedicated and cumbersome infrastructures.
- Slow and Limited Computers: The available computing power was inadequate for efficiently processing massive corporate datasets.
- Primitive Reporting Tools: The reporting software of the time was rigid and unintuitive, offering limited functionality compared to competing solutions.
These limitations prevented companies from fully exploiting the potential of their data, relegating it to a marginal role in decision-making processes.
The Rise of the Cloud and the Explosion of Microsoft Power BI
We can undoubtedly say that the rise of the Cloud and Microsoft Power BI marked a democratic revolution in the world of data. With the advent of cloud computing and the development of innovative tools like Power BI, the corporate landscape experienced a monumental shift. These technologies allowed companies of all sizes to store data at affordable costs, breaking down economic barriers related to storage. The Microsoft Power BI platform, in fact, enables connections to hundreds of data sources, simplifying the preparation and creation of interactive reports and dashboards. This has allowed companies to become data-driven, basing their decisions on concrete information rather than intuition.
Now it is possible to analyze data more deeply, performing statistical analyses based on the reprocessing of data from corporate operating systems like ERP, CRM, and HRM. This introduces cross-analyses for performance monitoring and critical area control. The ability to connect data from various corporate sources offers a holistic view of operations, enabling more complete and accurate analyses. Additionally, integration with the Cortana Intelligence Suite provides advanced functionalities such as machine learning algorithms, big data storage and analysis, and cognitive services, transforming data into intelligent actions.
Do you know?
- The first hard disk in history, the IBM 350 Disk Storage Unit, was introduced in 1956 and had a capacity of only 5 megabytes. This device weighed over a ton and had the exorbitant cost of about $50,000 at the time.
- The IBM Simon Personal Communicator was the first smartphone launched in 1994.
In addition to making phone calls, it allowed sending emails and faxes and had a touchscreen. - The first computer virus, called "Creeper," was created in 1971. It spread through the ARPANET network and displayed the message "I'm the creeper, catch me if you can!" on infected computers.
Microsoft Fabric
Represents a further step forward toward a future where data is at the center of every business decision, and we feel confident in saying that Fabric will become the industry standard, offering agile development that simplifies and accelerates the creation of data analysis projects, enabling companies to gain insights more quickly. Fabric's unified approach will make the implementation of data-driven strategies simpler and more cost-effective, opening new opportunities especially for SMEs. Furthermore, Fabric facilitates collaboration among the various teams involved in data analysis projects, promoting a more efficient workflow.
The evolution of the world of data has led to a democratization of access to information and a greater awareness of its strategic value. Companies that can fully exploit the opportunities offered by technologies like the cloud, Power BI, and Microsoft Fabric