Seven Ways To Embrace Data For Business Intelligence

Seven Ways To Embrace Data For Business Intelligence

Seven Ways To Embrace Data For Business Intelligence

Now that Big Data is driving big companies, Visual Analytics is seen on more CVs, and Predictive Analytics is predicted to be the next big thing, there has never been a better time for strategic Business Intelligence (BI) investments. However, actually writing the business case can be one of the most significant hurdles.

This is often caused by a lack of unilateral buy-in, difficulties discussing technical complexities with the C-suite, and a gap between leadership opinions of BI capability (generally that it works well enough) and user opinions of BI capability (often that key information is missing, low quality or untrustworthy).

These are seven ways you can help you build a successful BI investment that is compelling, collaborative, and focused on driving benefit across your business.

DO IT TOGETHER

The benefits of strategic data investments are rarely contained to one area of the business. De Beers had built their data landscape organically for years without an overall approach or framework, but they found that bringing together representatives from each major function allowed them to drive bigger benefits across the board. Collaboration will not only make the funding process easier, but will make delivery and benefits measurement easier too.

Read Also:
You Don’t Need Big Data — You Need the Right Data

Find out where key information comes from, how it is sorted, and who’s using it. Over a year on from a merger, Penguin Random House suffered some serious data inconsistencies. Developing a detailed understanding of their BI landscape let them paint an accurate picture of the current situation, highlight real business questions that can’t be answered today, and prioritise their investment so that high profile problem areas can be tackled first.

The road to a new strategic data platform can be long, often taking multiple years. Before defining their overall roadmap of change, the BI team at Sainsbury’s were delivering tactical initiatives to enhance their BI capabilities with little long-term planning or visibility of where they were heading.

 



Sentiment Analysis Symposium

27
Jun
2017
Sentiment Analysis Symposium

15% off with code 7WDATA

Read Also:
Big Data Realization: We are in transition phase

Data Analytics and Behavioural Science Applied to Retail and Consumer Markets

28
Jun
2017
Data Analytics and Behavioural Science Applied to Retail and Consumer Markets

15% off with code 7WDATA

Read Also:
How to use Machine Learning to Sell Better
Read Also:
Why artificial intelligence has not revolutionised healthcare... yet

AI, Machine Learning and Sentiment Analysis Applied to Finance

28
Jun
2017
AI, Machine Learning and Sentiment Analysis Applied to Finance

15% off with code 7WDATA

Read Also:
You Don’t Need Big Data — You Need the Right Data

Real Business Intelligence

11
Jul
2017
Real Business Intelligence

25% off with code RBIYM01

Read Also:
Hadoop creator Doug Cutting on the near-future tech that will unlock big data

Advanced Analytics Forum

20
Sep
2017
Advanced Analytics Forum

15% off with code Discount15

Read Also:
Democratize big data by using distributed data lakes

Leave a Reply

Your email address will not be published. Required fields are marked *