MAR 30, 2010 5:43am ET

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Business Analytics: It's Imperative to Improve Promptly

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It should be self-evident that organizations of all sizes and in all industries need to improve their processes and performance, but many have not adopted methods for optimizing improvement. Business analytics has the potential to fill this void and create high-performing organizations, if the focus is improvement of the competencies of people and processes using technology that can automate the steps of analysis.

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Comments (2)
Mark. I am totally in agreement with you on this. I have worked on many engagements and within companies trying to retro fit analytics to the data structures. So the important ingredient of 'effective business analytics' is and efficient database architecture. That being said, IT has the knowledge of how to build one but realistically it takes an analytic consultant to guide the IT team if we want to provide 'business analytics that can be instream to business actions.
Posted by Priya S | Monday, April 05 2010 at 1:25PM ET
Mark,

I totally agree. BI does best when primary control belongs to people who focus on business issues, not people who focus on IT systems. Remember the "Desktop Revolution": PCs and spreadsheets freed business analysts from excessive dependence on IT professionals.

Spreadsheets have great strengths (reporting, graphs, pivot tables, universal familiarity) and great weaknesses (little structure above cells, expressiveness, reliability). If we could fix the problems and retain the benefits, spreadsheets would play a larger role in BI.

ModelSheet Software does this with new technology: you can author structured spreadsheet models, customize them with ease, and download customized Excel workbooks. See http://templates.modelsheetsoft.com.

--Dick Petti rjpetti@modelsheetsoft.com

Posted by Richard P | Tuesday, April 06 2010 at 12:44PM ET
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