The ability to transform raw data into meaningful insights is what separates industry leaders from the rest. According to a McKinsey report, data-driven organizations are 23 times more likely to acquire customers, 6 times more likely to retain them, and 19 times more likely to be profitable than their peers (McKinsey, 2016). But despite all the advancements in data technology, building data products and developing actionable insights, remains a challenge for many businesses. Data Mesh has been touted as a solution to decentralize data ownership and empower business users, but it often requires technical expertise that many teams simply don't have (Dehghani, 2020). Enter Convo, an innovative feature of Latttice by Data Tiles that allows users to interact conversationally with their data products, powered by AI.
Say Goodbye to Complexity, Hello to Conversations with Your Data
One of the most significant barriers to data access is complexity. Traditionally, creating a data product and analysing your data, requires coding, technical expertise, and navigating through a maze of IT bottlenecks. According to Gartner, 85% of big data projects fail due to these complexities and the lack of user-friendly tools (Gartner, 2021). As discussed in my previous blog, Latttice changes the game by enabling data teams and business owners to build data products quickly and easily. Whilst Convo has been built to provide a conversational interface where users can ask questions and get insights directly from their data products. All without the need for technical skills!
How? It's simple: you have a conversation with your data.
Unlocking the Power of Latttice Convo
Let's take a deeper dive into Convo and its powerful capabilities within Latttice:
Fusion
Fusion, within Convo enhances your ability to combine or join multiple data products you've created, even across data sources, facilitating more comprehensive insights and a deeper understanding of your business data. Studies show that organizations leveraging integrated data sources see an average of 8% higher operational efficiency (Forrester, 2021).
How It Works
To show you just how easy it is to converse with Latttice Convo, I have included a step-by-step guide in this blog. The scribe will demonstrate the simplicity of conversing with Convo— Zero Code Needed!
From Theory to Reality: Data Mesh Made Practical
Convo brings the concept of Data Mesh to life by empowering data owners, those who need access to data the most. As part of the Latttice suite, Convo allows you to access and analyze your data wherever it resides. While Data Mesh architecture emphasizes decentralizing data ownership and governance to make data more accessible to domain experts rather than relying solely on technical teams, it has often remained a theoretical idea. Convo transforms this theory into reality by letting AI handle the technical complexities, allowing you to simply focus on asking for the insights you need.
There's Nothing Else Like It
Convo, as a feature of Latttice, stands alone in a market full of data tools that promise much but often require extensive technical know-how. It bridges the gap between data theory and real-world application, enabling businesses of any size to get immediate, actionable insights without the wait. According to a BARC survey, companies that actively work on improving data accessibility report a 20-30% increase in efficiency and a 10% increase in revenue (BARC, 2022).
Powering Your Data Journey
At Data Tiles, we believe that data should be accessible to everyone, not just those with technical expertise. With Convo within Latttice, we've made that belief a reality. By combining cutting-edge Data Mesh principles with AI-powered simplicity, Convo empowers data owners to take control of their data and have the conversations that drive business success.
A Personal Perspective
I've been in the data industry for years, starting with my first role at CBIG Consulting, followed by consulting at Deloitte, and more recently on projects throughout the US, UK, Asia-Pacific, and Japan. I've seen the challenges organizations face in adopting Data Mesh and becoming data driven. According to research from O'Reilly Media, only 48% of companies consider themselves to be data-driven (O'Reilly, 2020), largely due to these challenges. That's why being part of the team that developed Convo as a feature of Latttice is so exciting! Finally, there's a solution that removes technical barriers and makes Data Mesh practical for any company.With Convo, I'm amazed at how simple it is to have a conversation with your data. You can access it wherever it is, and instantly start conversing with your data products, providing you with the insights you need. Whilst the ability to fuse (join) data products across sources is second to none. Convo is a game-changer for any organization looking to make better decisions and harness the power of their data.Join of a Data Conversation,Lili Marsh.
