Everything You Need to Know About
“Nothing endures but change.”
–Heraclitus
Everything changes. And so does data.
But how do we keep track of these changes, and understand them? If the ancient Greek philosopher Heraclitus got anything right, it’s that nothing is permanent except change.
Well, perhaps not anymore. Continuous intelligence may be mankind’s–and the tech world’s–greatest innovation in capturing and understanding change. And with more than half of major new businesses planning to implement CI for data analytics in 2022, brands need to seize the potential for success.
But what is continuous intelligence, and how does it work? Read on to learn about CI and its formidable presence in the data analytics world.
The term itself is a nebulous, ambiguous phrase: continuous intelligence. Objectively speaking, CI could be used in many different contexts.
However, the key difference with continuous intelligence in the data analytics world, is that it is, in fact, a noun. Continuous intelligence is a system–an engine–that unifies every data point of a company and produces real-time analytics. Simply put, CI is a living engine that reads all your data, old, current, and incoming–all at the same time. Systems and data points are incorporated into a real-time data pipeline. It then digests that data and creates insights and analytics brands can use–from product and customer experience to engineering and security analytics.
CI isn’t exactly Artificial Intelligence(AI), but it carries certain components of AI. For example, it is constantly ingesting data and reading it–much like an Amazon Alexa or Apple Siri would learn your habits and preferences, like what shoes you like to purchase or music channels. However, CI doesn’t do anything you don’t ask (unlike Alexa’s eavesdropping glitches).
Nor is CI just an algorithm–although it is comprised of algorithms and automated components. Instead of simply capturing your data, CI also reads data and allows you to run queries and analyses.
Let’s break down what exactly a CI engine is.
Under the hood of continuous intelligence, there typically are:
CI is nebulous, and understanding its components figuratively can be a challenge. Let’s use a real-world example to help visualize continuous intelligence:
Imagine a doctor is monitoring a patient’s health using a machine that measures blood pressure, heart rate, and brain waves. The machine is connected to the patient with sensors to monitor all of these metrics at once. In order to read the incoming data from the patient, the monitor is connected to computer software–one that can ingest those metrics, and then generate potential diagnoses. It can also create alerts when something happens. For example, if the patient’s blood pressure begins to suddenly drop or rise–the monitor would detect and alert that change.
In this example, the aggregator would be the sensors connected to the patient. The broker would be the machine that organizes the data from the sensors and moves it over to an analytics/software engine. The analytics engine would then read for expected metrics, and the output engine would send alerts or aggregate all the different analyses with additional logic. That logic might say that a blood pressure of X, a heart rate of Y, and a presence of cortisol as Z in the patient’s blood indicate a possible upcoming heart attack.
This whole system continually monitors the patient’s health data and continually provides information to the system and the person interpreting it. Thus, medical providers know how to act–quickly and in real-time–without having to read actual charts and numbers from each individual sensor to come to conclusions themselves.
How does this example relate to brands and their teams? Well, companies can leverage this technology for whatever data they want to collect, track, and analyze.
Many brands are familiar with business intelligence (BI) and big data–which have been heavily utilized over the last two decades. In 2020, 54% of businesses noted that cloud-based BI tools were an essential component to current and future goals. BI, big data, and CI are closely related but are each their own entity:
However, CI platforms go beyond BI and big data–in regards to both capabilities, scalability, and efficiency–and are an ongoing system that ingests and reads data. Meaning, CI eliminates the need to break down and sort data manually and run specific queries. Instead, it automates that process for users and computes insights on its own, without requiring users to interpret, interact, and manipulate the data. CI pulls data automatically from all sources, across all platforms in real-time.
In addition, CI beats out BI and big data for the following reasons:
Continuous intelligence, when compared to legacy tools like BI and big data, seems like a natural progression of better analytics tools--and it is. But, CI isn't better just because it's new technology. There are also a number of critical benefits CI provides brands.
Data analysis has traditionally been the domain of data scientists, analysts, and engineers. However, continuous intelligence is disrupting that norm--and giving everyone across a company the ability to dive into data independently.
CI gives product teams the ability to keep their finger on the pulse of product performance, and new feature rollouts. It’s critical for product teams to get the most up-to-date insights to amplify what’s working and quickly resolve what isn’t. CI is continuous–meaning, it works around the clock to continuously ingest and read data. For example, product teams can get a granular, real-time view of how a customer or prospect is navigating and interacting with a new product launch. This means teams track the performance of a new product or feature as time passes–without having to rely on analysts or outdated, time-consuming ETL processes that can lead to missed opportunities and fresh insights.
Marketing teams can also benefit from CI in regard to improving campaign performance and tracking advertising success. It’s key for marketers to get a full snapshot of a customer’s interaction with their brand–whether it’s finding the most successful channel to reach users or finding better strategies to generate more leads. With CI, teams can better understand customer journeys, points of success, and areas of friction. Marketers can gain insight into how well content, ads, and segmentation is working.
CI gives marketers a more clear understanding of what customers want and resonates with. In today’s world, customer experience and personalization drive a brand’s success. So, marketers can tap into that with real-time analytics. According to McKinsey, 44% of businesses consider CI a top marketing and sales priority, more so well than trending topics like digitization and omnichannel.
When it comes to exploring data and time-series events, analysts and data scientists need the most efficient and comprehensive platform available, like CI. CI platforms, like Scuba, provide analysts and data scientists with a system that automatically updates and continues to digest data as it comes in. This enables analysts to capture and explore time-series data, run queries, split events, and conduct experiments with the most accurate data. Instead of relying on analytics tools that may not have the capacity to update data daily, analysts and data scientists can provide their brands with data that is relevant, fresh, and constantly evolving.
Data security and management are critical for business success, and CI benefit software engineers. Companies need to ensure they remain compliant with regulations, like GDPR, to protect against data loss and breaches. With CI, engineers can build and manage their data structures with data reliability and speed. Engineers can also leverage CI in the following ways:
Customer service teams leverage CI to provide better customer experiences, gain deeper insights into a customer’s journey. Reviewing, monitoring, and analyzing data with CI gives customer experience teams the ability to do the following:
CI is key to success and profit for any brand--and can strongly benefit company leaders. Driving revenue and accomplishing business goals are top of mind for executives who are facing an ever-growing bar of success.
Executives can rely on CI to provide fast, accurate, and comprehensive analysis reports, and make informed decisions on those findings. CI platforms like Scuba digest and unify data in a single platform and provides leaders with real-time visibility across different data siloes. Business leaders can use CI to accomplish the following:
Continuous intelligence is revolutionizing the way businesses approach customer experience, product analysis, and security. With insights that are fresh and quick to see, CI gives businesses and team members across an organization the power to make informed decisions. But, not every CI platform is created equally.
Scuba’s continuous intelligence analytics platform is easy to use and provides brands with comprehensive, fast insights with privacy built-in mind. Whether your brand wants to track customer experience and journeys or product performance, Scuba has the ability to do so. Scuba digests data from multiple sources and can store both structured and unstructured data, meaning brands don’t need to deal with ETL or tedious data work. Instead, users across a company can dynamically visualize customer journey maps, and analyze new patterns as they emerge with Scuba–whenever they want.
Want to make better informed, agile business decisions and improve your customer experience at the same time? Explore Scuba today.
Watch this video where CloudBees merges customer data from multiple data sources, and then starts to perform deep analysis with Scuba in under an hour.