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Why are Graph Databases an Essential Choice For Master Data Management

Unlike other databases, relationships between data is a priority to graph databases. This helps the querying of relationships to be done faster because they are perpetually stored in the database. 

Graph databases are useful for heavily interconnected data and are an essential choice for master data management.

Graph databases eliminate the need for programmers to devise temporary or workaround solutions in an effort to query the data in a way that takes relationships into account by including relationships directly into the database. Instead, relationship-based searches are simple to use and provide results very immediately. For a large and complicated amount of data, like the master data repository of a firm, this degree of query sophistication becomes more crucial.

Since master data management (MDM) is all about the consistency, accuracy, and accountability of an enterprise’s official shared master data assets, we can see just how important graph databases are to MDM. 

Let us see exactly why.

Source: trendsinmasterdatamanagement.blogspot.com

Helps Create Relationships Between Data Points

In MDM, programmers usually query voluminous and complex sets of data just like those in a company’s master data repository. In doing this, they have to create makeshifts or work around solutions to know what relationships there are between data sets. 

Graph databases can prevent this volume of work by building relationships directly into the database and so any relationship-based queries by the programmers are returned almost immediately because they are straightforward. So, unlike standard databases which only focus on capturing individual data points, a graph database consists of two entries which are the nodes and the relationships. 

The latter is very essential for Master Data Management and this additional context of relationships between data points helps companies gain a deeper understanding of important connections.

Takes Advantage of Machine-to-machine Communications

The next generation of the internet called web 3.0 or the semantic web is defined by the common semantic standard (W3C). 

Companies that embrace Master Data Management models always look at solutions that enable the shift to web 3.0, thereby allowing machines to communicate easily with each other. Graph databases are essential to MDM here because they will work well in web 3.0. Graph databases store information in a way that provides down-to-earth meaning with connections between each set of data. This helps machines like AI and robots make MDM work easier. This makes better decisions possible. 

Graph databases will also help to bridge whatever gaps there are between machine analysis and human understanding of Master Data Management. The building of relational information into databases makes it possible for AI to easily make something of the information and do the rest of the work needed for data management.

Source: dataversity.com

Helps with Data Compliance

When sharing data with stakeholders, it is necessary to remember one of the most pressing reasons for the shift toward MDM which is compliance. 

Data privacy regulations are key these days and there have been severe punishments to businesses that strayed away from that pathway. This is where graph databases come in. Graph databases usually offer flexibility and most importantly, security. This is because they are mostly secured by immutable ledger technology. So they are essential to MDM because they assure companies making use of it of the data lineage with a reproducible audit trail. 

For companies that use knowledge graphs to understand their customers, business decisions, and product lines, this level of traceability by graph databases, helps ensure compliance on an internal level which is very key to business growth and development.

Helps Make Sense of Big Data

Any data that is stored in graph databases as part of the Master Data Management framework is more discoverable and usable in the context of the semantic web. This allows interoperability by making it very easy to share with stakeholders and enabling them to make meaningful decisions. It is easier to make these data-driven decisions because graph databases help make more sense of massive data based on its accuracy and completeness. 

This is very important to companies, especially the FMCG that are always trying to make sense of their shipping and sales data and put it to intelligent use by projecting it for the future. The technology that supported these analyses in years past was too sophisticated then but now, graph databases have made it easier.

Source: trendsinmasterdatamanagement.blogspot.com

Final word

Traditional hierarchical data must be reinterpreted as graphs because business demands development and personnel reporting connections are only one illustration of this. Tracking data in a graph database is very simple after it has been restructured into a more flexible paradigm. 

With the use of graph databases as a critical tool, leveraging enterprise data to make information-based decisions has become way easier than years ago when companies relied on programmers to query relationships between data sets. Just like Master Data Management, graph databases are now playing an important role in shaping enterprise technology’s future.

At the moment, fraud protection technologies, social media, and recommendation engines frequently use graph databases. In each of these situations, the additional information provided by the interconnections between the data pieces aids businesses in recognizing key linkages. All the big companies that had their work cut out for them with big data analysis now rely on graph databases to simplify the process with even more in the bag than a mere data analysis.

How to Effectively Analyze Customer & Product Reviews

Product reviews are considered the richest source of information you can rely on when you want to do anything online. 

According to research, 95% of customers tend to read reviews online before purchasing any product. Many people strongly believe that reviews have nuggets that offer guidance whenever you intend to purchase any product on any online platform.

Reviews contain important information that help make prudent purchasing decisions to avoid regrets in the future. Reviews tend to showcase both the negative and positive parts of your products. When you want to analyze customer data, you cannot miss shedding light on customer reviews that are outlined across different platforms.

Reviews offer a crucial benchmark enabling you to compare whatever you are offering against your competitors. They also enable you to identify your areas of weakness and strength, giving you a better chance to capitalize on the available opportunities within the business industry. 

Source: pubworksfleet.com

But have you ever thought about how to analyze customer and product reviews effectively?

This is the point where many people tend to fail even though reviews play a crucial role in the growth and development of any business brand across the industries. In most cases, customer reviews are categorized as human experience described in a qualitative manner. When you think of analyzing unstructured customer data, it feels awkward since it is time-consuming and needs some sense of being keen on details.

In most cases, the business operating manager only considers the star ratings rather than reading what customers have written. Remember that the ratings are classified as quantitative data and are easy to read and analyze without wasting time. When you take some time to read through customer comments, you will realize that there is both positive and negative feedback.

Source: gatherup.com

The reality is that you need to go a bit deeper to get a clear picture of the reality of what customers say about your brand. 

However, time is always limited, and you may not have the time to read every customer comment. 

This is where review analysis comes into the game.

What is Review Analysis?

This is the process of transforming unstructured customer reviews into a structured data format that can be used to offer guidance to other customers when conducting product research online. When doing review analysis, you need to focus on the product feature analysis and scan all the available sentiments to ensure that readers have a clear glimpse of your products.

Shed some light on ratings given by customers to evaluate the services being offered by the customer support system. Remember that you may be having classy products, but the services offered by your team members affect the rate at which customers consume the products. You can also streamline the product development process to ensure that all the customer needs are covered.

Source: deeplearningdaily.com

Analyzing Customer and Product Reviews

Even though review analysis is important for the general growth of your business, many people do not understand how to do it. 

Firstly, you need to have excellent visualization such as the Likert scale chart, dot plot chart, and the comparison bar chart and you are good to go. 

Let’s answer the most difficult question!

Identify a Good Review Analysis Provider and Integrate Your Customer Reviews

To make it easier to analyze your reviews, you need to find a good feedback analytics platform that utilizes thematic analyses paired with sentiment analysis to make your work easier. Depending on your needs, you can either work from a given platform or use a particular tool such as ChartExpo since it works with any type of data regardless of its nature. 

Remember that the key thing is to ensure that the tool you use can easily integrate with the kind of data you are using. This will give you a competitive advantage since analyzing the reviews takes the shortest time possible, and the final output is compelling and easy to read.

Source: hubspot.com

Analyze the Results for Top Features, Bugs, and Requests

After integrating your reviews on the platform, you need to take some of your time to analyze findings from the data to ensure that all the customer concerns have been addressed to the latter. Note that there are some customer comments that you need to reply to, while there are others that need further interpretation and practice to ensure that all the customers are satisfied.

The good thing is that the feedback analytics tool sorts out the customer reviews into different categories, such as positive and negative. In addition, the tool pulls out some common themes from the data that need to be addressed within the shortest time possible. This means you won’t need to go through a lot of work analyzing the data in a manual format since you already have all the complex work.

Some tools have the power to group the data themes into trends that can easily be handled by the business to ensure that all the business operations are perfectly streamlined and customers are satisfied with the services offered.

Source: woopra.com

Identify the Key Issues and Share them with Business Stakeholders

Suppose you have an awesome data visualization tool. In that case, you will realize that it only takes a few clicks, and you have all your data presented in an orderly manner that is easy to process and generate insights. 

Once you have the insights at your disposal, you need to share them with the business stakeholders and your team members to ensure that everybody understands the position occupied by your business brand.

You need to acquire a good data visualization method that can be easily used to share crucial information among all the team members without wasting much of your time interpreting data. Some tools can be the best option since the data displayed does not need to be interpreted for the viewers to understand the concept displayed. 

After going through all these processes, you will have your customer reviews analyzed and vital data elements at your disposal that you can use to propel business growth.

Source: flystroke.com

Final Verdict

Researchers have revealed that 72% of customers cannot purchase anything before they read the customer reviews. You will only have the reviews clearly outlined if you properly understand how to do the customer review analysis. 

Even though the process may seem challenging at the beginning, adopt a powerful data visualization tool that will enable you to do proper analysis and generate insights that will boost your business growth.

When is the Right Time to Replace Your Warehouse Management System and How?

If you notice any problems with the WMS, it may be an indicator that you may need to replace your WMS system – if you cannot keep up with the pace and scale of the broader manufacturing operation. 

Some of the problems listed are inventory management, overall warehouse productivity, order fulfillment and performance.

Your finance staff can assess how much sales, gross margin and yield was gone due to an inadequate WMS process. 

The following reasons are crucial to build a strong business case and replace your existing system.

Source: greytrix.com

REASONS TO REPLACE WMS

  • Planning within your supply chain gets interrupted or breaks down with the result of more allocations, changes in on-time delivery and more. 
  • Product quality issues from suppliers that were not detected within the preliminary warehouse assessment. 
  • Speeding up the production orders or payment of rush charges to deliver the final products as per agreed delivery dates. 
  • Yard Management fails while inventory is assembling
  • Applying and using the manual-based methods to get your warehouse levels balanced to have enough raw materials to complete the production gaps
  • The operational costs increase per distribution location
  • Affected schedules due to lack of materials in the storages
  • Previous taxonomies/classifications/nomenclatures start to fail leading to misplaced orders
  • Warehouse management becomes the primary source of cost overruns (higher costs per unit etc.)
  • Production outturns decrease with more flaws and rejects leading to gross margin reductions
Source: appwrk.com

STEPS TO BUILD A CASE FOR WMS

The following steps are important in order to build a business case for a Warehouse Management System (WMS):

Create a change management plan including C-level partners to support WMS implementation

The high-cost part of any WMS case is to change management and get staff onboard for the WMS system. It will be challenging to have supervisors or managers in production as well as every warehouse location to use it once it comes online. For each dollar you invest in software, have in mind that you will spend even to five times more on change management, training and reinforcing the value of the new WMS. 

Build a Multi-functional Team to Help 

When defining a multi functional team, you should include all relevant roles such as finance, legal, IT, logistics, sales, procurement and HR. 

These departments are important to create a strong business case. Finance team will be invaluable when designing financial statements, modeling different scenarios and coordinating operations to gain deeper insights into costs. 

Source: mobisoftinfotech.com

Define the scope and scale of your business case 

Before you arrange for a cross functional meeting, you should define the scale and scope of the case – rely on the first meetings to gather the feedback and calibrate the structure. 

It is important to understand the structure of your business case before the cross-department meeting to start building a roadmap. 

The structure of your business case should include:

Goals and Objectives

Firstly, you should define the most urgent issues that you can measure financially. Try to benchmark the losses from the issue sector and the financial performance based on the above listed signs. 

Define the scope and scale of the proposed WMS

What business needs the suggested WMS focuses on and check if there are any cross-functional aspects of WMS that should be improved. 

Summarize the requirements and define costs

Cooperate tightly with your financial department and catch the predicted costs for the new WMS based on the quotes. Additionally, calculate all the benefits and cost reduction of implementing a new WMS system. 

Finance team along with cross-functional teams will need to define the constraints and potential risks affecting the entire WMS business case. 

Define a proposed Project Plan

Make a Gannt chart along with all the necessary details included (resources, potential conflicts etc.) and meet with your C-level management – ask them for assistance in obtaining resources and engagement from other teams to get the WMS project implemented and finalized. 

Source: supplychain247.com

Summarize the Investment Benefits for WMS promotion

You should summarize the benefits via creating additional documentation for a new WMS. These documents can help you to support the proposed plan and to show potential outlines on how a new WMS can reduce costs and improve the total revenue growth and sales.  

Additionally, create a financial analysis outlining cost reduction, net gross margin and next sales over the past several quarters. Such data insights are helpful for building the business case while heading towards the new WMS. 

A good way to facilitate the implementation of a new WMS is to create a cost model which can quickly get updated on project management costs, redesign costs and costs of disrupting production. It indicates overtime labor, data cleaning and customizing WMS development. 

Make sure you invest in User Acceptance Testing within all locations where the WMS will be used. 

Source: jasoren.con

Make WMS business case the most urgent initiative 

If you make the WMS business case support the most urgent initiative it will definitely increase the probability of success. Cost reduction is one of the most urgent priorities for many manufacturers. 

Try to outline the WMS business case from a cost reduction aspect and to forecast an increase in order performance in percentages, adding it to new revenues.  A properly deployed WMS can greatly reduce overall costs (operating or not) and drive up turnout rates. 

Recap the key benefits of the new WMS from a cost and revenue aspect and show the effects of improving supply chain and warehouse once the new WMS is implemented. 

Gather C-level leaders and the Board to get approval

If you have an allied group of C-level executives or stakeholders you need to present the WMS business case to, it can be a valuable asset. 

Delegating such a task to the team builds up the probability by over 60% within previous experiences. 

If you show them the impact of WMS on top-line revenue growth, it will significantly increase the probability of success. 

Gain the Funds and start with Implementation

You should assign the Project Manager leader to be in charge of the new WMS implementation. 

Make sure that the designated Project Manager has a valid PM certification and experience in leading enterprise software implementations. 

Source: lucasware.com

Conclusion

When implementing a new WMS, align it with the most urgent business priorities to increase the chance of success. 

You should balance top-line revenue growth requirements with the need for cost reduction. 

Keep in mind that having a scalable WMS is crucial to drive new revenue growth.

How Classroom Tech Helps to Address Mental Health of Educators

Ask a teacher how their job makes them feel and you are likely to get the whole gamut of responses.

Feelings of joy and excitement to connect with students and inspire them to be all they can be are common. Many teachers feel a trepid sense of nervous adventure at starting a new school year and are looking forward to diving right in. Others might be a bit more anxious and already feeling some of the common stresses.

Source: thrivingschools.kaiserpermanente.org

No one familiar with the ins and outs of the education system thinks teaching is an easy career choice. It is a stressful job where you’re regularly balancing the needs of high-performing students with underperforming students, keeping up with grading and other administrative workloads, updating lesson plans, interacting with parents, fighting for better pay, and potentially dealing with political objectives impacting the classroom that are outside of your control.

It is easy to understand why there is a growing teacher shortage in the United States. The job takes a massive toll on the mental health of educators and burnout isn’t all that uncommon. 

Many school districts are searching for creative ways to help alleviate some of the struggles and help teachers address their needs. Ideas include changes to the traditional school schedule and the introduction of technologies that can help teachers with their workloads.

Source: insights.samsung.com

Goodbye Traditional Schooling

School isn’t what it used to be back when you were a kid. 

Today, technology dominates the classroom and most students have regular access to laptops and other forms of tech to aid in learning objectives. The COVID-19 pandemic has made both teachers and students much more adept at online education. However, many teachers and students agree that in-person learning is much more enjoyable and effective.

Thoughts on the purpose of some classes are changing too. For example, when many of us think about memories of P.E., there is often a rope that must be climbed or a ball that must be dodged. Not so anymore! Today, many forward-thinking P.E. classes are linked to larger objectives such as teaching kids (and other teachers) nutritional skills and tying physical and mental health together.

Source: waack.org

It may come as a surprise, but these skills can help kids behave and focus more in the classroom, which takes a large burden off of teachers. Many PE teachers are utilizing tech to connect and share these ideas with a broader group of educators. Some even have YouTube channels that outline their lesson plans and teach skills such as yoga for health and meditation.

Traditionally, most schools have kids in the classroom 5 days a week, Monday through Friday. This is also changing in many school districts. Today, numerous districts are changing to a 4-day school week with Fridays left for teachers to catch up on administrative tasks, grading, and professional development. 

The goal is to ease some of the burden placed on teachers while also saving poorer and rural school districts money.

Source: communicationstudies.com

Incorporating New Technologies

Many future-thinking educators are consistently looking for answers to an age-old question. How can we cultivate learning experiences that will help students develop the skills they will need in the future job market? 

There is no easy or exactly right answer to the question, but in many cases today, it involves technology.

New technologies in the classroom can mean a lot of things, not just learning to type on a computer. It can mean engaging students using video media or immersing them in subjects using VR headsets. Technologies in the classroom can be simple and common such as posting assignments online where students and parents can see them, using translation software to communicate with parents, or conducting testing online.

Source: fairgaze.com

All of the technology can be great for improving education objectives. It can help teachers better manage their classrooms and stay more organized, which can ease the mental stress they face. 

There is a catch to this though; some studies have indicated that the perceived help technology provides only becomes a reality when teachers understand how to implement it effectively. Otherwise, new tech in the classroom can prove to be one more stressor that educators regularly face.

Helping Teachers Manage Mental Health

Building mental health resilience in teaching communities isn’t always a straightforward or simple task. Rather, it takes real focus and understanding of the stressors that many teachers face daily. It takes a deeper knowledge of the burnout that teachers feel after one, five, or ten years in the classroom.

There are a handful of things that many educational leaders suggest to help fight burnout and improve teaching at the same time. 

They include things like:

  • Prioritizing your professional development.
  • Making time for yourself during the school year, even if it is something small like reading for fun before school.
  • Connecting with other teachers across the nation. Online teaching communities and groups can be especially powerful for inspiration and lesson ideas.
  • Finding your mental health outlet. It can be an app on your phone, it can be exercise, it can be baking — just find something that helps you unwind.
Source: facebook.com/believeperform

Final Word

Taking care of our teachers is an important priority that we all need to strive for. 

Education is a stressful career path and working to help teachers maintain their mental health is beneficial for them, for our students, and for our communities.