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Abstract
Life would be a lot simpler if putting analytics to work could be accomplished by executive decree alone. But like anything worthwhile, making your business thoroughly analytical takes effort and thought - and beginning with the end in mind. As the devoted users of analytics say, 'All the analytics in the world won't help unless we use them to make and execute better decisions.' This chapter, by the authors of the groundbreaking Competing on Analytics, provides a broad overview of what you can and cannot expect from building analytics into your business. Are analytics all you need? Will your analytical models remain productive over time? When and in what areas can you expect to see the benefits of putting analytics to work? The experts offer straightforward guidance and real-life examples as they answer all these questions and more. This chapter was originally published as Chapter 11 of Analytics at Work: Smarter Decisions, Better Results. This chapter is excerpted from ‘Analytics at Work: Smarter Decisions, Better Results'.
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Abstract
Life would be a lot simpler if putting analytics to work could be accomplished by executive decree alone. But like anything worthwhile, making your business thoroughly analytical takes effort and thought - and beginning with the end in mind. As the devoted users of analytics say, 'All the analytics in the world won't help unless we use them to make and execute better decisions.' This chapter, by the authors of the groundbreaking Competing on Analytics, provides a broad overview of what you can and cannot expect from building analytics into your business. Are analytics all you need? Will your analytical models remain productive over time? When and in what areas can you expect to see the benefits of putting analytics to work? The experts offer straightforward guidance and real-life examples as they answer all these questions and more. This chapter was originally published as Chapter 11 of Analytics at Work: Smarter Decisions, Better Results. This chapter is excerpted from ‘Analytics at Work: Smarter Decisions, Better Results'.