The Democratization of Data
As a Principal at Adams Street Partners (a $2 billion expansion stage fund), Mike Zappert is responsible for sourcing and leading venture capital investments into fast-growing Cloud, Big Data and Mobile companies. Mike recently led Visier’s series C financing round, and is the newest member of Visier’s Board of Directors.
Big Data. It could be one of the most overused terms in business today. Yet the hype is there for good reason: there is so much potential in it.
In my work as a Venture Capitalist at Adams Street Partners, I spend a lot of time talking to business leaders. Well, not surprisingly, these executives are incredibly excited about Big Data. They want to leverage Big Data to help make their products and services more competitive. They also want to better understand what drives their organization’s successes and failures, and to apply these insights to optimize the productivity of their workforces.
However, most companies face a common challenge – unlocking the power of Big Data requires massive investment, bleeding-edge technology expertise, and a lot of people to come together to make it all work. For most companies today, the road to Big Data remains filled with pitfalls, delays and unfulfilled promise.
Traditional IT-driven Big Data “solutions” have been a big part of the problem. They require significant up-front investment, have multi-year implementation timetables, and limit end-user access to the resulting insights to a select few. Even worse, many of these are built on 30-year-old technologies, which require IT to serve as a gatekeeper to business users.
The cost and complexity of traditional approaches inherently constrains the use of data to the highest-levels of an enterprise. The C-Suite may receive dashboards or reports prepared by a team of analysts or data scientists, but the cost and level of effort involved mainly limits their use to board meetings. Leaders a few rungs down the ladder never get to see those views, and are unable to unlock strategic insights for their part of the business.
The good news is, however, change is coming – led by companies like Visier, who are removing the costs, complexities and risks associated with leveraging Big Data in the enterprise. These leaders are delivering Applied Big Data solutions as a service in the Cloud, and are allowing their customers to leverage advanced analytics right out-of-the-box. Having spent a lot of time in this market, I believe Visier is among a small handful of technology start-ups that have the vision, executive leadership, and technology to truly drive the democratization of data in the enterprise.
The democratization of data is all about pushing the power of data throughout the organization so that the individual managers who are on the front lines—with customers, partners and key stakeholders—can make proactive, data-driven decisions to improve their business. Visier’s solutions deliver all that and more, by providing Applied Big Data as a service to their customers. Visier’s solutions leverage all of an organization’s data across a range of systems to unlock powerful insights on what truly drives business performance. Even better, Visier’s next-generation platform allows customers to get up and running in a matter of days.
We are truly excited to partner with Visier and other Applied Big Data leaders who are driving the next wave of Big Data innovation, the democratization of data. So if you’re an enterprise leader who wants to make smart decisions about the future of your business, be sure to give Visier a call – you will be amazed by how quickly they can unlock powerful insights to drive your company’s performance to the next level.