Times Live journalist Katharine Child writes in her article published on Times Live (4 April 2017), “Christie Viljoen‚ senior economist at KPMG South Africa‚ said this decision will mean investment funds will sell their debt as they are mandated to place their money in investment-grade jurisdictions only.
"Reuters reported that as much as $10 billion dollars could leave the country. Forex trader Simon Brown explained that as more people sell rands and buy other currencies instead‚ the value of the rand drops.”
What does junk status mean for our economy?
What does junk status mean for your business operations and your employees?
Should there be a spike in job losses/retrenchments, one of the biggest challenges businesses will be faced with is operational effectiveness as capacity and resource issues start to impact productivity and deliverables.
A dire picture indeed for South African businesses. Taking into account the impact of junk status, if business intelligence was never a need within your organisation, let’s take a look at some of the business benefits of BI, and how they can make South African businesses more effective and efficient, and assist businesses in overcoming the challenges presented by the current economic situation. We extracted the five most applicable benefits from an article published on Enterprise Today, by Los Angeles-based freelance writer and editor Drew Robb.
But the business intelligence and analytics used today is not the legacy BI of GUIs, RDBMS data warehouses and human analyst involvement. Instead, it is often machine-initiated and involves combining online transactional interactions with analytics and search operations at lightning-fast machine speeds.
"This is the type of BI sometimes referred to as hybrid transaction analytical processing (HTAP) or translytics," said Schumacher. "It enables businesses to effectively customise their customer's online experience with each interaction, which positively influences the buying process and enables them to win over their competition who isn't using modern BI methods."
"Rather than static analysis of past operations, modern big data platforms bring analytical capabilities to operational data in order to make decisions as business happens," said Crystal Valentine, vice president of Technology Strategy at MapR. "It is the desire to push past traditional intelligence and reporting capabilities that has driven the decline of legacy data warehousing technologies that we are seeing in the market. At the end of the day, insights are great but the ability to act on those insights in real time brings greater business value."
"The right data at the right moment can help clinch a deal, make an extra sale, serve a customer better and retain business that would otherwise have been lost," said Martha Bennett, an analyst at Forrester Research. "Whether it's liberating existing dashboards from the desktop, or re-architecting entire workflows around mobilising key business data, many organisations are reaping the benefits of mobile BI."
With an extensive stable of BI, data analytics and data visualisation products and services, Praesignis can offer businesses comprehensive solutions to consistently manage their data and extract value, in the face of the current economic climate.
(Economic data courtesy of Fin24 and ABSA.)<:/i>