The document discusses strategies for simplifying analytics in businesses. It recommends accelerating data access, delegating analytical work to technologies like business intelligence tools, and recognizing that different problems require different analytical approaches like hypothesis-based or discovery-based. Properly applying these strategies can help businesses overcome challenges of complexity from analytics and make more insight-driven decisions.

1. ANALYSIS OF
Simplify Your Analytics
Strategy
by Narendra Mulani

3. I INSIGHT
 While the interests in
analytics and resulting
benefits are increasing by
the day, some businesses
are challenged by the
complexity and confusion
that analytics can
generate.

4.  To overcome this,
companies
should pursue a
simpler path to
uncovering the
insight in their
data and making
insight-driven
decisions that

5. II INSIGHT

6.  Accelerate the data:
Fast data = fast insight = fast outcomes

7.  Delegate the work to your analytics
technologies:
Ways to delegate:
 Next-Gen Business Intelligence (BI) and data
visualization.
 Data discovery.
 Analytics applications.
 Machine learning and cognitive computing.

8.  Recognize that each path to data insight is
unique:
2 approaches:
 for a known problem with a known solution:
hypothesis-based approach
 for a known problem area, but with an
unknown solution: discovery-based
approach

9.  Once insights are uncovered, the next step is
to make the data-driven decisions that place
action behind the data.

10. MANAGERIAL
RELEVANCE

11. RELEVANCE OF I INSIGHT:
Company’s making data
driven decisions are at an
advantage.
Some businesses are
challenged by the
complexity and confusion
that analytics can
generate.
Hence a manager
should adopt simpler
techniques of data

12. RELEVANCE OF II
INSIGHT:
A Manager should
employ steps
discussed in ii insight
in his/ her organisation
to make the analysis
simpler:
A proper supply
chain should be built
to accelerate the data.

13. Also a manager should try
to have advanced
technology for the
organization because n
organization equipped with
advanced technology have
an ease with analytics.

14. RECAP:
Confusion generated by analytics.
Steps to simplify the analysis.