All too often analytics projects are confined to one poor soul, or a few people in an isolated department. Not so at McDonald’s. Mike Cramer, McDonald’s Director of Operations Research for Worldwide Restaurant Innovation, explains.
The soul of an organization is made up of Knowledge Acquisition and Business Analytics, says Jay Liebowitz, Orkand Endowed Chair in Management and Technology, University of Maryland University College.
Measuring and evaluating human capital can be an arduous task. Gene Pease, author and CEO of Capital Analytics, dispels myths about stakeholder involvement, quantifying soft skills and obtaining data when evaluating human capital in your business.
Partly through analytics, according to this article. Read more on the new data scientist, business analyst and movements in academia to support data-intensive industries like cybersecurity, finance, healthcare and others.
One of the most influential factors on human behavior is culture. In the context of data management, far too many organizations have cultures that support secrecy, individual ownership of data, and a willingness to step around formal data management processes. In light of these bad cultural norms, what can you do to improve your data quality?
Companies that want to increase their use of analytics are always looking for talent – but the hunt is full of difficulties. Here are some suggestions that will work if you are staffing a Center of Excellence or building an analytical group within a business unit.
In the age of big data, organizations are moving from traditional analytics/reporting solutions that provide a snapshot of the past (hindsight) to solutions that provide an accurate picture of the present and a prediction of future trends (foresight). Enter predictive analytics. Read more about the approach in this article.
“Providing analytical services is somewhat like being a professional translator, helping to convert numbers and trends into something the business can understand and act upon,” says authors of Win With Advanced Business Analytics. They explain an approach that guides analysts to become insightful business partners.
Putting analytics to work effectively in an organization can be an overwhelming challenge. Jean Paul Isson, Monster Worldwide, Inc. and Jesse Harriott, Chief Analytics Officer, Constant Contact, share reasons analytics initiatives fail as uncovered during research for their book, Win With Advanced Business Analytics.
Texas Parks and Wildlife Department uses analytics to better understand how to market to customers and make the most of resources. Getting to that point though, wasn’t easy. Read about how a very traditional branch of state government bought into analytics.