Advanced analytics
- 1. MAKING ADVANCED ANALYTICS WORK FOR YOU BY DOMINIC BARTON AND DAVID COURT
- 2. BIG DATA AND ANALYTICS IS A MUCH NEEDED HYPE:- YOU CAN’T JUST DO WITHOUT THEM. BIG GUNS LIKE GOOGLE, AMAZON HAVE OUTSMARTED MANY ON THIS FRONT
- 3. Overview Big data could transform the way companies do business, delivering performance gains. This article helps you how to get the strategy suited to your needs? It also explore the supportive capabilities that are required to fully exploit the data and analytics
- 4. KEY INSIGHTS
- 5. Big data could transform the way companies do business and deliver the performance gains. Companies must have/hire the capability to collect and process the data. Sources of data should be identified properly and collection of data must be done through trustworthy sources. Moreover, firms should have the capability/machinery to build advanced analytics models for predicting and optimizing outcomes from the collected data. INSIGHT 1
- 6. HAVE A PASSIONATE LOVE AFFAIR WITH YOUR DATA & DON’T HESITATE TO SPEND ON IT
- 7. HAVE TRUSTWORTHY SOURCES OTHERWISE BAD DATA COULD HURT YOU REAL BAD
- 8. Need to change the mindset towards big data analytics. Once you have the insights from the big data, you’ll have to make the decision makers of your firm to understand the business usage of your data analysis. It should be in-line of company’s processes guidelines and decision-making norms, so that it can be implemented without any hassle. INSIGHT 2
- 9. UNDERSTANDING THE BUSINESS USAGE OF INSIGHTS
- 10. SELL THE PROFITABILITY OF YOUR DATA INSIGHTS Big Data Analytics has helped companies to increase their profit pie by more than 6% as compared to the peers
- 12. ENJOY A COMPETITIVE EDGE OVER YOUR COMPETITORS
- 13. WITH DATA INSIGHTS IN-LINE TO YOUR BUSINESS, DECISION MAKING IS CAKE WALK
- 14. Prakash Raj Ramjas College Delhi University Project under Prof. Sameer Mathur IIM Lucknow