Five key success factors outlined by Kelle O'Neal to which I must add a critical caveat.
What good are insights unless they result in effective action? Insights are not just about making better decisions they are for executing these effectively. In other words a central plank of the main functions of management to:-
- Manage this loop continuously
To do this an Analytics Platform that is fully integrated (embedded) as part of the management and work processes of the organisation is vital. Only this way can analytics help manage- not just "managers" but individual workers who need the Dashboards and Reports to do their jobs effectively.
A platform able to deliver the Visual Analytics to users across the enterprise from front-line operatives to those analysts locked away in "blue-sky thinking" isolation.
Both managed reporting, the day-to-day analytics lifeblood of an enterprise to Self-Service BI to bridge the gap between BI and business/operational users
A quick Google search on the term “Analytics” yields varying definitions. Oxford Dictionaries defines it as “the systematic computational analysis of data or statistics” or the “information resulting from the systematic analysis of data or statistics.For data driven organizations, analytics is essentially the activity and process that takes, assesses, aggregates and analyzes the data – to create meaningful business insight. Analytics is one of the hottest topics in both business and technology today. Whether it is the news of the business executive wanting to better understand and analyze their customer buying patterns, leveraging electronic health records to improve healthcare and health policy, or the hype around big data technologies and the promises of Hadoop – analytics are everywhere.