The ‘new normal’
All businesses have had to make drastic changes to how their operations are conducted in order to help stop the spread of the COVID-19 virus. These measures have impacted the global and local economies, bringing about a crisis that has only started to unfold.
We believe that in order to successfully overcome the challenges brought on by the COVID-19 virus, organizations of all sizes will need a strategy that tackles all phases of this crisis. Starting with the immediate response to the challenges of today, toward a period of adjustment as businesses respond to severe economic pressures, and finally, positioning themselves for the new normal and recovery that will emerge after the battle against COVID-19 has been won.
The duration of each phase will vary based on geographic and industry context.
This blog is the first of a three-part series designed to give some tips about how Exasol can help businesses through the stages of the COVID-19 crisis.
PHASE 1: Resilience
What are the immediate priorities?
Technology plays a huge role in the ‘new normal’ we are all experiencing from supporting, remote working, allowing teams to collaborate to enabling the digitalization of key customer and supplier processes en-masse. It is therefore critical for businesses to ensure their technology needs are covered. Without the proper tools and processes in place, adapting, responding to, and surmounting the challenges ahead will be impossible.
During this initial phase, businesses must act quickly to ensure operational resilience. On the one hand, organizations are looking to manage cash flow and cut costs to prepare for an upcoming recession. On the other, there is an urgent need for many to adapt supply chains to overcome disruption caused by reduced travel and a mostly remote workforce, and shift focus to online services and goods.
In order to make all these decisions, organizations will need to ask more questions than ever of their data and analytics teams.
So, during a time when technology is so vital, how can Exasol help you?
1. Do more with less
As you ask more of your systems to get through this resilience phase, it is likely that you’ll hit some ceilings on your legacy database. One of the ways in which Exasol can help you during this time is by allowing you to offload the most critical data applications from your legacy systems and save costs on hardware and software. Exasol enables you to do more with the same (or even less) hardware. Even more important is the fact that thanks to our virtual schemas, your teams get access to all organizational data, overcoming the problem of data silos without the need for a big overhaul – which we know you don’t want to think about right now.
When you have a powerful database such as Exasol powering your critical applications, your teams can analyze more data and ask more questions of it without having to compromise on performance. During a time where analysis and insights are so crucial, more people will need access – even remotely – so that they can ask more complex questions and make better informed decisions to help your business move forward and navigate this challenging phase.
2. Performance – key to keeping your customers happy
During this resilience phase, it is of critical importance that performance doesn’t suffer, especially where workloads have increased. Exasol can help not only make sure performance remains at the expected levels but accelerate your time to insights even with added workloads. Exasol’s in-memory architecture can cope with higher volumes of data and still deliver the vital insights your teams need in a timely manner to ensure your organization can keep delivering to customers.
3. Faster insights need not compromise security
Another way in which Exasol can help during this resilience phase is by giving you peace-of-mind. The ability to rapidly onboard new data and provide access to real time insights should not come at the expense of security. With Exasol – which includes row or column level security and data encryption for your sensitive information and key users – you can breathe easy knowing that we always maintain the security and integrity of data, even during periods of remote working.
4. All-hands-on-deck: no room for downtime
Similarly, now is not the time to face basic maintenance issues. During an ‘all-hands-on-deck’ crisis, it is essential that data professionals don’t have to spend time fixing problems: they should be working to help the business pivot as fast as possible instead. Exasol is completely tuning-free. This not only helps keep costs down and frees up your data teams’ time but it also significantly increases your database productivity and improves process automation for your organization.
5. Easy deployment on the Cloud
We know that during this resilience phase you and your teams don’t have the resources to engage in a complex deployment process. That’s why Exasol can be installed in the cloud via our handy Cloud wizard. All it takes is a couple of clicks, and you are set up. And, because we know you can use all the help you can get right now, you still get full professional support.
Need to keep costs under control? Then you can try our free Community edition. Download it onto your laptop and use Exasol to help your team make faster, better informed decisions.
Learn more about how Exasol can help you navigate the resilience phase.
For part II of the blog series, head here.