- What is our core work?
- How do we know we are doing it well?
- Are we achieving the results we desire?
Measure and understand company performance:
Organizations often leverage data visualization tools to track company key performance indicators (KPIs) in real-time. We look at the key process and outcome measures to determine the health of an organization and to spot areas for process improvement.
Discover new actionable insights: Understanding the performance of your organization is vital. Combining your KPIs with data from your other core systems can reveal information that the performance measures alone may not provide. Combining data from a variety of sources, including your financial systems, customer relations systems, marketing tools, and enterprise resource planning systems can provide actionable insights that you may have otherwise missed.
Other considerations before moving into big data and data analytics include:
- Data governance model
- Change management and tool adoption
- Data security
- The capability of staff to perform data analysis
- IT bandwidth within your organization
There are resources available to help augment your organization’s capabilities if they are deficient in any of these areas. Don’t let your organizational short-comings (which are normal for most companies) deter you from moving forward into data analytics and business intelligence. Your return on investment more than makes up for the initial cost of seeking outside assistance.
For the numbers geeks:
Journal of Big Data - Articles
For the rest of us:
Realizing the Potential of Big Data and Analytics