Wayne Eckerson and Dr. Rado Kotorov take a journey through the behind-the-scenes characteristics of a great analytics program in this Information Builders Innovation Session presentation.
Succeeding with Analytics: Mastering People, Process, and Technology
1. Succeeding with Analytics
Mastering People, Process, and Technology
Wayne W. Eckerson
Principal Consultant, Eckerson Group
Dr. Rado Kotorov
Chief Innovation Officer, Information Builders
15. From Data Management to Data Monetization
You maximize the business value of your information investments through complete
information management and pervasive business intelligence and analytics.
16. IB Platform is Built for Data Monetization
The methodology for data monetization is aligned with our technology
Decision
Management
Applications
Value
High
Low
Raw Data Integrated and
Enriched Data
Analyzed
Information
Repurpose
Information for
Other Revenue
Generation
Use Cases
Land of
Opportunities
Analytical
Tools
IT Tools InfoApps™
(Analytic Applications)
Customer
Facing
InfoApps™
Data Assets Data Monetization
Managing The Data Value Chain
18. Opportunity 1: Operationalize Analytics
When analytics is implemented, operationalization is never being considered
Only 22% of employees get BI
90% of BI projects fail to
produce ROI
The secret to success is in
empowering the 78%
19. Why are the 78% so important?
"In the study of organizations,
the employee must be the
focus of attention, for the
success of the structure will be
judged by his performance
within it".
Herbert Simon, Nobel Prize winner for studies in
decision-making in 1978
19
20. Money Are Made in Operations
20
Insights create opportunities, but only operationalization turns insights into value
21. Empower the Mechanics to Save Money
21
An InfoApp from Information
Builders available in 14 different
languages for 60,000+ users in
14,000 dealerships. Helps
employees make on the job
repair-or-replace decisions and
save Ford $60 million per year.
22. Opportunity 2: Big Data Leads to More Customers
22
People discuss only big data analytics, but what about getting more customers?
23. Empowering 260,000 Small Advertisers
23
Yellow Pages provides advertisers
information to measure the
return on their advertising dollars
and track the success of their
campaigns:
Approximately 52 billon rows
(nine TB) of raw data per day
Response rate 2 to 10
seconds
25. Opportunity 3: Empower the Consumer With Analytics
25
Why not consumerise and commoditize BI and analytics ?
26. Billions of Documents Are Distributed to Consumers
26
Every document is an opportunity to consumerise BI and analytics
20
Billion
10
Per
month
137
Pages
71%
No
HTML
10%
Provide
Linking
14%
Navigatbe
PDF
27. Static PDF Leaves the Consumer Powerless
27
All static PDFs are a missed opportunity to consumerise BI and analytics
98%
static
28. PDF (No analytics) vs ADF (For In-document analytics)
28
IB Analytical Document Format allows to put the analytics in every document
Each PDF file encapsulates:
(1) a complete fixed-layout,
(2) fonts & images
(3) text, data, and charts
(4) Requires a reader to render file
Each ADF file Encapsulates:
(1) a complete fixed-layout,
(2) fonts & images
(3) text, data, and charts
(4) Requires a reader to render file
(4) Interactive Analytic Engine
(5) Responsive design to fit any device
PDF (Portable Document Format) ADF (Analytical Document Format)
29. Distributing 2 Million 401K Statements Monthly
29
Huge savings, high adoption, increased customer satisfaction
Principal Financial Group:
A $2.80 to print, stuff, mail,
support
17% switched to eStatements
within three months
An ideal organization provides built-in help and support to all users because the best training happens in real-time in the trenches when users are trying to do something concrete that they need to do their jobs.
Savvy BI directors create a comprehensive chain of embedded support where business users can turn to a colleague in their department for guidance to use a BI tool or extract meaning from data.
For example, a casual user (manager) who knows how to navigate and modify interactive reports and dashboards can support a casual viewer (executive) who only views static documents (PDFs, and Excel spreadsheets). A report analyst (i.e., glorified report developer in a business unit) supports casual users by creating new reports and dashboards they need plus they support business analysts who need to know a bit about the data warehouse and the company’s standard interactive BI tool and existing reports. The report analyst converts business analyst output into production reports. A data engineer reviews and creates data sets for data sciences to use, making them more efficient.
A data engineer or analyst finds, evaluates, and blends data sets for use by data scientists, who support more complex analyses prototyped by business analysts.