Part 9/11:
While open-source tools are cost-effective, they may pose challenges during audits or compliance checks. Closed-source solutions often come with dedicated support but at higher costs. Balance these options based on organizational needs, budget, and controls.
5. Advanced Analytics and Visualization
A solid foundation unlocks rapid deployment of advanced analytics and visualizations. Modern tools can perform near real-time causal analysis, scenario modeling, and interactive dashboards, accelerating decision-making.