The workplace of 2023 offers no shortage of distractions or noise. Just a few months ago Bloomberg published an article stating:
“… the average knowledge worker toggles between apps 1,200 times over the course of the day. You read that right. That’s four hours a week, or five working weeks a year spent hitting Alt-Tab.”
That’s a substantial amount of time lost switching applications trying to find all the information you need to do your job. And it doesn’t seem like toggle time is decreasing anytime soon. According to Gartner, worldwide IT spending is forecasted to reach $4.5 trillion in 2023 – up 2.4% from 2022. The analyst firm also reports that the software and IT services segment will grow 9.3% this year, proving that organizations are continuing to invest, and invest heavily, in their IT stack.
This is especially true in the threat and risk world. There are myriad solutions that analysts, operators and leaders use to forecast, plan, or uncover critical events that could disrupt their business. One app gives them a non-stop feed of data and alerts. Another solution offers human analysis and insights. Yet another provides the process for responding to and mitigating critical incidents.
But is this actually a good thing? Will more tools, apps, programs and platforms help professionals do their jobs better? Having to spend five hours a week just moving between applications to get the information you need to do your job, seems highly inefficient, particularly in an industry where time impacts safety and security.
Six Reasons to Choose Your Tools Wisely
When it comes to the risk and threat monitoring industry, we’re placing bets that one augmented analytics tool (hint, we created it) is better than multiple tools. And here’s why:
1: Organizations will Save Money
If an organization invests in just one solution, then they aren’t having to pay licensing fees to multiple vendors, they aren’t paying their IT teams to manage several platforms, and they aren’t losing employees’ productivity as folks get trained and up to speed on new programs. Organizations will also be able to save costs in terms of how many employees are needed – if there are multiple platforms to manage, you’ll need more staff to run them all.
2: Employees will be more Efficient
If employees are using a comprehensive platform, and aren’t spending time toggling from window to window, they’ll be saving hours of time. Four hours a week to be exact, according to Bloomberg. And as we all know, time is money (and it’s also life changing), so efficient employees are imperative.
3: Real-Time Intelligence Results in Better Decisions
For leaders to make the best decisions for their people, they need to have the best information at their fingertips, especially in moments of crisis. That’s the exact intent of an augmented analytics solution; it combines innovative technologies that parse, review and sort thousands of pieces of data with speed and accuracy that no human could match, with the knowledge of experienced, on-the-ground experts who analyze the data and enhance the findings with educated insight.
4: Easily Digestible Data
An augmented analytics platform offers a multitude of ways to review data, from charts and graphs to customized models tailored to specific clients. This allows users to quickly identify indicators pointing to deteriorating environments, as well as understand what is typical and atypical for that environment. Other platforms, such as ones that focus only on real-time notifications might only flag incidents of abnormality. An augmented analytics solution helps you better understand your operational environment because you’re not only being altered to in times of crisis.
5: Forecasting Capabilities
The ability to understand what’s happening now is key, as is the ability to forecast what might happen in the future. There are solutions that do both functions quite well. But why manage multiple platforms when you get both critical capabilities in one? Plus, an augmented analytics tool can provide historical data to see what happened then, what the social media and news were talking about, what alerts and analysis the platform was delivering. The ability to look at the past state to get a better understanding of the driving factors to the current day’s events can be very informative.
6: Unbiased Insights
An augmented analytics solution relies on technologies to gather and sort data. These machines aren’t biased. They don’t have a stake in any particular region, company or group. Thus, the data provided is truly neutral. This data drives the analysts; they take the unbiased data and add their on-the-ground insights to offer a rich, in-depth commentary of what the data means now, and what implications it could have for the future.
One Solution is Best
Why would an organization choose to purchase and manage multiple risk and stability monitoring tools when an augmented analytics tool can do it all? When choosing the right solution, it’s not just about the real-time reporting or forecasting capabilities. It’s also about the number of risks covered. Most organizations don’t just have one crisis to avoid – there’s political, maritime, cyber, kidnapping and ransom, natural disaster, and the list goes on.
And better than just delivering a great platform to the risk and threat industry, Seerist is constantly working to update and enhance this platform. We want to address our clients’ current needs and their needs for the future. We’re committed to innovation and supporting organizations and entities in their effort to keep their people, assets, and reputations safe.