In organizations where data-driven solutions are valued, Data democratization is becoming a necessity.
Data virtualization and Data federation software act as enablers of Data democratization by eliminating an organization’s data silos and making the data accessible through virtual storage mediums.
Access to data at the right time and in the right manner is crucial for making data-driven decisions. However, classifying the data and granting relevant access to varied users has always been a challenge.
With traditional BI implementations, the responsibility for report development rests primarily on IT teams. As the number of stakeholders and the demand for accessible data increase, Self-Service BI can be regarded as a form of Data Democratization, equipping more business users to work on their own through monitored access profiles and data accessibility, easing the burden off single teams.
Self-Service BI enables business users to access and explore data by running their own queries, creating their own data visualizations, dashboards and reports, filtering, sorting, and analyzing data. The availability of online learning materials, self-paced learning, and access to resources has made it possible for users to feel comfortable using different data touchpoints and dashboards to make insightful decisions. Data democratization has ushered in a data-driven culture which means that access to data can now be shared by multiple stakeholders. All in all, we’re seeing improved communication channels and better collaboration.