Perspectives

6 steps to business analytics success

Milestones on the path to value

By establishing a strategic framework for analytics, businesses can gain long-term value from their data. Follow these six steps to business analytics excellence.

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The path to analytics is lined with opportunities to succeed and grow the bottom line. But along the way are hidden obstacles that can trip up unwary companies - especially those without a well-defined implementation approach. What does such an approach look like? Within a broad, enterprise context, there are six important steps to an effective analytics journey, from defining the strategy through implementation and measurement:

  1. Analytics strategy
  2. Analytics solution creation
  3. Operational integration
  4. Technology interaction
  5. Change management
  6. Performance management

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