Initiativesofanalytics

The point of analytics is not just to run the numbers, create new algorithms; but to provide unique insights that drive decisions and optimize strategies.

Nowadays, business is complex, change is inevitable, information is one of the most critical business assets besides people. When doing analysis to discover truth and debunk the myth, you're on a fact-finding mission, asking yourself whether you are truly open to new ideas; or if you are only pursuing those that support your current understanding of the facts.

Information analytics helps to understand businesses, customers, and process landscape to consolidate data and generate insight across the enterprise, for running a highly responsive and high-performance business.

Analysis may not change everything, it does impact the multi-facet of business and societal advancement: Business operates in the real world, and the real world is muddy and chaotic. The abundant information growth and emerging digital technologies bring great opportunities to improve problem-solving effectiveness. The transition from a small initiative of data analytics to demonstrate value to a completely integrated solution is a journey that continues as the organization's information needs continue to evolve with the business, focusing on realizing the big value of big data. High performance organizations establish a new level of collaboration between business and IT, finding correlations across multiple, disparate data sources, developing new processes to come up with analytics solutions and improve business digital consciousness and coherence.

Build a data-driven and high performing team to improve analytics maturity: The advantages of data analysis are based on “discovery and agility”—the ability to mine existing and new data sources continuously for identifying patterns, events and opportunities. Blending data from multiple sources has always been challenging, and in the big data world, the challenge is even bigger. Most business areas have unmet demand and adjusted priority. They would be eager to have their staff shift their time so they spend more time on value added work such as analyzing information to gain fresh insight for improving decision effectiveness and business analytics capacity and decision maturity.

It’s vital to harness the data’s actionable power as it enters the pipeline: Things become more complex and thus, you need analytics tools to cope with complexity. Time-to-insight is increasingly becoming critical and often plays an instrumental role in informed decision making and effective problem-solving. Quick insight based on big data solves handy business issues. Organizations need to get faster digital technology to process crucial information faster, and yet it’s vital to harness the data’s actionable power as it enters the pipeline. It requires organizations to adopt new and more effective methods to obtain the most meaningful results from the data that generate value and accelerate business performance.

The characteristics of digitalization are complexity, uncertainty, unpredictability and ambiguity. Information analytics is the significant tool to help digital professionals make the right decisions at the right time, improve business performance. The point of analytics is not just to run the numbers, create new algorithms; but to provide unique insights that drive decisions and optimize strategies, producing high performance outcomes consistently.

Posted in: Business Intelligence,Information/Data Management