The procedure of collecting and organizing a huge set of data from numerous sources so that a detailed guide relating to a certain given situation or system is termed data aggregation. The whole point of doing this is for businesses and organizations to have a clear understanding of all the data that is being generated in this modern world. In this blog, we will be covering everything, starting from what is data aggregation first.
What is Data Aggregation in Incident Management?
Around quintillions of data are generated daily, which is why it is essential to structure this data in a readable form. Under data Aggregation, many Opsgenie competitors, namely Zenduty, conduct thorough data aggregation to monitor their systems.
Especially in the case of IT incident management, if you are wondering what data aggregation is, then you must know that data aggregation contributes to transparency and visibility of the incident management responses with the help of enhanced analytics techniques. When it comes to benefits, there are many. However, in a few of them, you get a smooth and quick delivery of needed information; you get an appealing visual and more.
Data Aggregation Procedure
After knowing what data aggregation is, it is important to get familiar with its procedure. With data aggregators, it will be comparatively easy to track the data lineage, which will hence make it easy to trace back to the underlying atomic data that was earlier aggregated. In terms of procedure, one of Opsgenie competitors, Zenduty, follows the below-mentioned procedure:
1. Collection
The first step is extracting information from several data sources and gathering it at one particular place. It is then stored in an extensive database in the form of atomic data. The data can be extracted from news headlines, social media channels, podcasts, call centres, and more.
2. Processing
After data extraction, data processing is done where the data aggregator addresses the potential atomic data that is supposed to be aggregated. To gain new insights, the data aggregator may conduct artificial intelligence, machine learning algorithms, predictive analytics, and more. After this, certain statistical functions are applied to aggregate the data.
3. Presenting
Under this procedure step, Zenduty, one of the top Opsgenie competitors, presents the data in a readable format, which itself offers new data. The statistical presentation is comprehensively presented.
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Data Aggregation for Enterprises
On the business front, data aggregation plays a vital role. With the knowledge concerning what data aggregation is, there are many use cases that enterprises implement. Some of the use cases of data aggregation for enterprises are mentioned below:
1. Business Intelligence
Here, data aggregation takes place by aggregating data from many sources, such as market trends, to know insights, customer demographics, sales figures, and more.
2. Network Monitoring
Here, data aggregation takes place through security systems and network devices to recognize and troubleshoot any potential network issues. Simultaneously, it helps in the detection of security breaches as well.
3. Website Analytics
It is important to understand user behavior, and this can be done by aggregating data from website logs and tracking tools.
4. Financial Analytics
Here, the data is aggregated from multiple financial systems to create a framework of portfolio management and risk management. The financial institution aggregates data from market day feeds, trading management, and risk management platforms to address market trends, calculate portfolio risk, and more.
5. Real-Life Implementation of Data Aggregation
If you are someone who maintains a budget, you will have the possession of two separate variables: income and expenses. You may maintain a simple Excel to structure data so that you lead a good financial life. The same goes for a million or billion-dollar firm. It is because the income sources and expenses are increasing rapidly.
This is where Opsgenie competitors come into play. With the help of multiple accounting software, getting a brief idea to determine the financial position of the company becomes easy.
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Wrapping Up!
Opsgenie competitors, Zenduty, come with ten times far better Incident response. This is because it facilitates the implementation of methods that are accepted worldwide. Everything regarding what is data aggregation and some of the best practices and use cases that have been mentioned here will give you a clear insight into how it functions. With Zenduty, you will be able to manage incidents firmly, which will improve the overall function of the IT system.