The document discusses how companies can make advanced analytics work for them by overcoming problems and fully exploiting data. It recommends that companies 1) identify multiple data sources and manage the data, 2) build advanced analytics models, and 3) transform their organization. It also stresses having a clear data strategy and the right technology. Managers are advised to develop business analytics, embed tools for front lines, and build big data capabilities.

1. BY:-
ANKITA KUMARI
SRM INSTITUTE OF TECHNOLOGY
MAKING ADVANCED ANALYTICS WORK
FOR YOU

2. OVERVIEW:-
• Big data and analytics have rocketed to
the top of the corporate agenda.
• Big data could transform the way
companies do business.
• As data-driven strategies take hold, t
hey will become an increasingly important
point of competitive differentiation.

3. PROBLEMS FACED BY COMPANY:-
• Most companies are unsure how to proceed.
• Leaders are understandably leery of making
substantial investment in big data and advanced
analytics.
• They’re convinced that their organizations
simply aren’t.

4. Advance Analytics!!

6. Fully exploiting data and analytics
requires three mutually supportive
capabilities…
1.Multiple sources of data must be identified,
combined and managed by the companies.
2.Need to build advanced analytics models
for predicting and optimizing outcomes.
3.To yield better results management should
be able to transform organization.

7. Two important features underpin
those activities:
1.A clear strategy for how to use data and
analytics to compete.
2.Deployment of the right technology
architecture and capabilities.

8. Using big data requires thoughtful
organizational change, and three
areas of action can get you there…
Develop useful
business-relevant
analytics.
Embed analytics
into simple tools
for the front lines.
Develop
capabilities to
exploit big data.

10. 1.
Managers need to know how the information can be used for key
decisions.
2.
Managers should concentrate on targeted efforts to source data, build
models, and transform the organizational culture. Such efforts will play a
part in maintaining flexibility.
3.
Managers also need to get creative about the potential of external
and new sources of data.