Developing A Sound Advanced Analytics Strategy

Most projects that start without a plan do not succeed. This is even truer for large-scale projects in an enterprise setting, such as building an advanced analytics operation. For executives looking to strengthen their competitive advantage in the big data economy, they need to leverage existing data assets through advanced analytics.
Building a sound advanced analytics strategy is complex. It involves planning various aspects one by one: determining necessary tools, identifying teams who will champion an analytics culture, and designing processes to accommodate it all. To put it simply, it involves four main dimensions– priorities, platforms, processes and people– which are all intertwined.