In an era where data reigns supreme, the disparity between the demand for data skills and the available talent is striking. A recent study by IDC reveals that by 2026, a staggering 90% of companies will grapple with IT skill shortages, leading to an estimated $5.5 trillion in losses due to delayed products, impaired competitiveness, and loss of business. These figures highlight an urgent need for solutions that democratise data analytics and empower all employees, regardless of their technical expertise.
Leading BI and analytics tools are at the forefront of addressing this challenge. For example, Less - a self-service analytics platform designed to transform how businesses harness their data. As organisations face mounting pressure to leverage analytics effectively, the insights drawn from data become a critical driver of growth and profitability. In fact, companies that successfully integrate data analytics into their operations:
experience growth rates seven times faster than their competitors
are 19 times more likely to achieve above-average profitability
have a sixfold advantage in customer retention.
Yet, despite these compelling advantages, a McKinsey study identifies data analytics as the business area with the most pressing skills gap. The paradox is evident: while only 21% of business users express confidence in their data skills, a remarkable 78% are eager to enhance their capabilities and leverage data more actively. This presents a clear call to action for organisations—how do we bridge this gap and enable widespread data literacy?
Empowering Insight Discovery
Less is not just another analytics tool; it is a game changer designed to empower every employee, from analysts to operators, to uncover valuable insights within business data easily. By simplifying the data discovery process, Less allows users to automate cumbersome tasks and synthesise fragmented data into actionable operational insights without requiring extensive coding skills or complex infrastructure. The solution has a built-in scheduling component that sets it aside from its competitors, driving the dissemination of post-transformed data to a multitude of business users.
The low total cost of ownership (TCO) and minimal barriers to entry make Less an attractive option for businesses looking to cultivate a data-driven culture. The platform’s intuitive interface enables users to dive into data without feeling overwhelmed, transforming them from passive consumers into active contributors to their organisation’s data narrative.
Transforming Business Operations
With Less, organisations can expect a shift in how they approach data. Rather than relying solely on a small pool of data specialists, businesses can harness the collective intelligence of their workforce. This approach not only alleviates the pressure caused by the IT skills shortage but also fosters a more innovative and agile organisational culture. The interactive drag and drop canvas allow users with all skill levels the opportunity to transform their data to automate repeatable data processes.
By democratising access to data, Less encourages employees to engage with data directly, driving better decision-making at all levels of the business. This newfound confidence in data skills can lead to improved operational efficiency, enhanced collaboration, and ultimately, a stronger competitive edge in the marketplace.
As the data landscape evolves, so too must the ways in which organizations empower their teams to leverage this critical resource. The skills gap is a formidable challenge, but platforms like Less offer a pathway to resilience and growth. By enabling every employee to uncover insights, organisations can transform data from a daunting challenge into a powerful ally, driving innovation and success in a rapidly changing business environment.
In a world where data-driven decision-making is no longer optional, Less stands out as a beacon of opportunity—one that not only addresses the pressing skills gap but also equips organisations to thrive in an increasingly complex landscape.
Unlock the full potential of your data with Keyrus, contact us at sales@keyrus.co.za.