Over the past month, I participated in predictive analytics events in Indonesia and Thailand organized by SAP with about 70 regional CIOs. There is a palpable excitement around predictive analytics these days, but I see a risk that, beyond the excitement of the demo and first implementations, a number of these advanced analytic tools remain shelfware. Why? Because tech management teams often struggle to realize the business value of these investments.
With this in mind, my presentations focused on why companies need to approach analytics with a new mindset: The business discipline and technology to harness insights and consistently turn data into effective action. My colleagues Ted Schadler and Brian Hopkins call the resulting business capability a system of insights. This approach received a lot of positive feedback from the audience and generated discussions on how it can solve their key data & analytics challenges:
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