Discover the key characteristics that define a best-in-class data-driven business.
At the point of decision
As more and more knowledge workers seek to leverage data in their day-to-day jobs, data-driven enterprises invest to put analytics at the point of their decision making. They embed analytics in enterprise applications, intranets and extranets that drive key business processes on any users’ device. In short, its capturing more fleeting business moments when people want to take decisions. This is a point-of-view backed up by our recent Forbes Insights study, where the most successful BI deployments have a distributed model for analysis. That is, among those firms self-described as having expert-level, seven out of 10 (69%) say their programs feature a significantly higher degree of distributed capabilities relative to the overall sample.
Example: One participant in our Forbes Insight study, a major insurer, found that after placing analysis solutions in the hands of business units, end users overlaid dates of claims with traditional fields to identify and isolate two agents who had been falsifying claims.
So as a recap, here’s our checklist, and of course a clue to what’s next…
In the next blog we’ll look at what it means to connect data and how best-in-class organizations treat and manage data, but also embrace governance.