Data-Driven Intelligence: Get Actionable Insights from Digitized Analog Data
Frédéric Baroin
Global Head of Automotive Business at Anyline
There’s significant value in scanning analog information and transforming it into digital data. However, when you extract trends and actionable insights from that data, it can transform the way you operate your business.
Forrester estimates that there is $1.8 trillion in revenue that insights-driven companies will take from their less-informed competitors. True data-driven intelligence enables organizations to increase revenue and save on the bottom line by making more informed decisions in real-time, improving customer experience, and optimizing business processes.
Unfortunately, a disconnect exists between data and decision-makers, which leads to incorrect assumptions, biased influences, and poor strategic outcomes. With data-driven intelligence, the right information is received at the best time and in the right place, which helps to achieve operational excellence.
To achieve this, artificial intelligence is introduced. With AI-enabled recommendations, organizations can then trigger immediate actions that detect fraud, save lives, and increase revenue. That is the value of Big Data analytics, and when companies harness it, they can improve business practices and efficiencies.
How Does It Work?
Every day, organizations around the globe use mobile data capture to turn analog information into digital data. Mobile data capture, like that offered by Anyline, is changing the way companies use data to achieve their goals.
At Anyline alone, we enable hundreds of millions of scans every year, with that number skyrocketing every year. These scans live in large data lakes. Each scan is valuable, but understanding trends, insights, and irregularities across all the scans can transform the way a business operates. By taking these steps, organizations can achieve significant improvement in how they use data to achieve business objectives.
Delivering Insights Across an Organization
Valuable intelligence should be delivered to users and back-office staff alike. Depending on the use case, insights can be received in different ways:
- Instant Insights, delivered to a user’s device to help them make quick decisions in the field
- Operational Insights, available to users and decision makers to track the status of individual objects and predict future outcomes
- Big Data Insights, available to strategic decision makers to view macro-level trends and market benchmarks.
Utilizing each of these strategies can create remarkable changes in business operations.
Automotive and Fleet Examples
How can we use this type of data to achieve goals? Consider these examples of how Anyline’s tools are being used right now to do just that:
- Tire Condition Tracking – Monitor the age and condition of tires across your inventory.
- Tire Recall Status – Instantly alerted when a recalled tire is scanned.
- Commercial Vehicle Management – Gain real-time insights into your fleet, understanding when, where, and how often analog information is being scanned.
These are just some of the ways mobile data capture is changing the way fleets and service centers are managed, and efficiencies are improved.
Benefits
Why do it? Why invest in these tools now, and what does this directly do to your business’s operations and efficiencies? Consider the key benefits that are being seen today across the industry:
- It works to bring all your scanned data together and create a single source of truth. Everything is managed in a single location.
- Visualize your scan data on dashboards. This can help you analyze and use data more effectively.
- Analyze user behavior and gain insights that can help you to make informed operational decisions.
- Receive built-in reports on scan data that can be communicated across the team.
- Monitor key performance indicators in real time and instantly identify areas for improvement.
- Enable different stakeholders in the business to gain insights and collaborate, further boosting the value data can offer to your company’s bottom line.
How Anyline Is Changing the Game
Anyline uses AI and Machine Learning to revolutionize the way that we interact with the world around us. By making it easy to capture and digitize data, Anyline empowers organizations to take a huge leap forward in worker efficiency and process automation. This is no longer something companies can sit on but something they must embrace.
By offering insights derived from scan data, Anyline helps companies better understand their operations, make smarter decisions in real time, and capture new value. That benefits their success in an increasingly competitive market.
