What this blog covers:
- How does a semantic layer function and why do metrics play a major part in it
- Understanding the metrics store and its role in the semantic layer architecture
- How Kyvos’ Gen AI-powered semantic layer functions within the scope of data analytics to establish a metrics store
The semantic layer is the Rosetta Stone of data analytics. It translates the cryptic language of complex data into business terms and makes it accessible even to those who may not have the relevant technical skills. The layer functions as a gateway to data, enabling users to make inquiries using the language they understand. Once business users understand the story behind their data, they can take action or define metrics based on those insights.
Every single bit of data in an enterprise holds invaluable metrics that can facilitate faster, better and more informed decisions. Metrics are the key performance indicators (KPIs) or ‘yardsticks’ that measure how close the business is to achieving its organizational goals. The larger an organization, the more metrics it needs to define its progress.
If we factor in the multiple BI tools used by different departments, this is an uphill battle. Each team may end up collating a completely different version of metrics that never coincide with other departments. This is where a metrics store comes in.
What is a Metrics Store?
At its core, the metrics store is a repository of metric definitions and dimensions. Its primary function is to calculate and present KPIs in a way that is easily digestible. Imagine the convenience of a dashboard that shows the ebb and flow of sales or the pulse of customer acquisition costs during any historical period. This visualization of data is indispensable when performance monitoring is closely tied to operational success.
In other words, it provides a numerical narrative of business operations, all while establishing a single source of truth so that everyone works with the same metrics. With a centralized location, a metrics store eliminates the risk of different teams using different data sources or calculations, preventing discrepancies and confusion.
How Does a Metrics Store Work with a Semantic Layer
A semantic layer, on its own, promotes data consistency and accuracy across different teams and departments. Using it as a central business glossary, all users have a shared understanding of data definitions, reducing the risk of misinterpretation or conflicting query results.
A metrics store backed by a powerful semantic layer is the ultimate prize for enterprises dealing with large volumes of data every day. Using a visual or code-based designer helps create, delete or update KPIs to be stored in this layer. In addition, it facilitates drill-downs to the lowest granularities, all while running multidimensional analytics and implementing enterprise-grade security protocols for access controls. Together, a metrics store and a universal semantic layer can handle larger datasets to deliver uniform and meaningful insights across the organization and to measure success, without compromising performance at any point.
This lays the foundation for true data democratization with self-service capabilities.
Adding Kyvos to the Mix
Kyvos’ AI capabilities and patented smart aggregation technology enable users to query large datasets in sub-seconds. The platform allows users to dive deep into their data through ad-hoc or time-bound queries, even if they aren’t well-versed in the technicalities of extracting insights from data. As a result, organizations can cultivate a data-driven culture where decisions are informed by comprehensive insights.
Another significant advantage is the platform’s flexibility in connecting with various BI and analytics tools. This means teams can utilize their preferred tools, improve user experiences and foster greater adoption within an organization.
Unlike traditional metrics stores that might struggle with vast volumes of data, Kyvos optimizes data querying through its AI-powered smart aggregation technology, where semantic models are processed in advance, based on intelligence gathered from usage patterns and more. Rapid response times ensue, even in the face of billions of rows of data, making it exceptionally suited for enterprises dealing with massive data.
The platform creates a metrics store enriched by a semantic layer, ensuring there’s a single source of truth across the organization. Codeless data modeling and guided exploration of the said models using Gen AI make it easy to analyze it from any angle—for both technical and non-technical business users.
TL;DR: Kyvos fills a gap in the traditional semantic layer’s functionality with best-in-class technology. It offers enterprises full confidence in their data while simplifying its consumption using consistent, familiar terminology through conversational analytics.
Looking Ahead
Metrics stores encapsulate the quantifiable endpoints of enterprise data, and semantic layers expand the accessibility and consistency of this data, ensuring everyone navigates it with enhanced insight and confidence.
Kyvos exemplifies how a semantic layer can evolve to underpin trust in enterprise data, which is particularly relevant for global organizations entrenched in data-rich environments. Contact our experts for an in-depth exploration of how Kyvos’ AI-powered semantic layer functions within the scope of data analytics to establish a metrics store.
FAQ
What is a metric store used for?
A metrics store can be used as a central repository to manage and store metrics logic, data and definitions. The layer exists between data warehouses and downstream applications to build a single source of truth and helps reuse the standardized metrics across BI tools and analytics workflows.
What is the connection between semantic layer and metric store?
Metrics stores define the quantifiable endpoints of enterprise data in a centralized location, and semantic layers further expand the accessibility and consistency of this data, ensuring every business user navigates it with confidence to get a consistent result.