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In a world of constant change and accelerating innovation, staying ahead of the game is a challenge. But with the right strategy and the right tools, it’s possible.
In this blog post, we will discuss how Microsoft Viva Insights can help your business grow. We break down why a business needs Viva Insights for its business growth, how it will help them achieve its goals faster, and what it takes to be successful with Viva Insights.
What Is Viva Insights?
Microsoft Viva Insights is a suite of business intelligence tools. It enables customers to understand and analyze their business performance, increase efficiencies and improve customer experience. Viva Insights includes Microsoft Power BI, Microsoft AI, Microsoft Data Lake, Microsoft Stream Analytics, and Microsoft Cognitive Services.
Viva Insights is Microsoft’s AI and machine intelligence platform, which is used by thousands of companies worldwide to quickly create a business intelligence (BI) application. The software allows companies to transform the data they have in their organization, making it searchable and easy to understand.
It uses AI to transform data into visualizations that are easy to understand, helping people better understand their data. Businesses use Viva Insights to create reports, dashboards, and widgets that help them make informed decisions, respond to customers and employees, and track performance. So the data analysis can be more personal and individualized.
Why Is Business Growth Important?
Business growth is critical because it allows your business to survive and thrive in the competitive business world. By staying competitive, you can grow your business and increase your revenue. Growth for a business means that the business is expanding, increasing revenue, hiring new employees, and/or increasing the number of customers and/or sales.
To grow a business, you need to capitalize on opportunities available to you. For instance, if you have a high-demand product but have low sales, you can capitalize on this by increasing sales. You can also increase sales by appealing to a wider audience or offering different products or services. By expanding your business, you can also increase your revenue.
How Business Growth Increases With Viva Insights
Viva Insights is designed to help businesses understand and analyze their performance by bringing data together across multiple systems and formats. Using AI, Viva Insights automates the process of ingesting data, unifying it across systems, and augmenting it with additional information that can help you make sense of the information. AI can also help detect anomalies and identify trends so business leaders can make more informed decisions.
The suite of tools can be used to create reports and dashboards that show how business performance has changed over time. Viva Insights creates predictive models that provide insights into the future, predicting customer behavior, such as how likely someone is to reorder or how likely someone is to make a purchase. The data-powered insights created with Viva Insights help marketing and sales teams.
The Future of Viva Insights
Microsoft first announced its vision for Viva Insights at the Microsoft Worldwide Partner Conference in June 2018. Since then, the company has been actively developing the platform. During this time, Microsoft also launched the beta version of Viva Insights and made it available to customers. Microsoft is committed to continually improving Viva Insights. As part of this strategy, the company has introduced new features, also improved existing functionality, and made the platform more accessible.
During this period, Microsoft has also opened Viva Insights to customers outside of the Microsoft ecosystem. Microsoft is continuing to develop Viva Insights. The company has committed to supporting the product until at least 2023 and has indicated that it will continue to develop the product for the foreseeable future. Viva Insights is also becoming more accessible. The Microsoft Cognitive Toolkit—a library of APIs used by Viva Insights, is now available to all developers.
Conclusion
Business growth is essential because it allows your business to survive and thrive in the competitive business world. To grow a business, you need to capitalize on opportunities, bring in new customers and hire new employees. These opportunities will likely come from outside of your industry, which means you need to be able to engage with them in a way that engages them with your business. To do this, you need to understand your customers and make your business attractive to them.
