Forums for the Business Analyst

 
  Modern Analyst Forums  Business and Sy...  Business Proces...  enterprise-wide analytics
Previous Previous
 
Next Next
New Post 9/30/2011 6:01 PM
User is offline knight
2 posts
No Ranking


enterprise-wide analytics 

  What is enterprise-wide analytics technology, and how does it play a part in understanding business processes? What are the challenges in rolling out a business intelligence tool?

 
New Post 12/27/2011 7:47 PM
User is offline Adrian M.
760 posts
3rd Level Poster




Re: enterprise-wide analytics 

Hi Knight,

Your question is fairly broad, but at the high level business or enterprise analytics is the endeavor at mining and capturing business transactional data from across the enterprise and then analyzing it using a variety of methods such as statistics, pattern recognition, etc. in order to make future business decisions.

These can be as simple as which day of the week do we make more money and very complex such as trying to extrapolate the future behavior of the stock market.

Analytics technologies and tools are those which are used to identify, extract, and analyze such data.

Adrian


Adrian Marchis
Business Analyst Community Blog - Post your thoughts!
 
New Post 1/31/2012 6:12 AM
User is offline Tim G.
4 posts
No Ranking


Re: enterprise-wide analytics 

All companies are looking for opportunities to A) Generate more revenue and/or B) Descrease costs, hence increase their margins. In order to do that they need to understand patterns: which days of the week at which times do customers purchase their products, what products, what demographic of customers, and also how efficiently is their business operating (business processes). To look into these high-level a business needs data, and a lot of it. Enterprise analytics (gathering company-wide metrics on anything and everything related to the business) will allow the company to data mine through mass amounts of data and identify patterns, gaps, bottlenecks, stalls in their processes. To do this, a team dedicated to analyzing the information and tools equipped to handle and assist in the data analysis are required. This is one challenege, resources. Many companies do not have enough money or people to allocate specificially to a Business Intelligence (BI) team and understand their enterprise analytics. Another challenge to do this would be the lack of data that is currently captured. Is your company capturing all customer service calling metrics? Line shifts? Resource allocations? Customer/product spend trends? Lastly, you need leadership buy-in to and to be ready to challenge the culture of the company: BI and enterprise analytics are new to many companies and getting people on board, excited to help, and prepared for the shift in ideaology will need to be carefully handled. 

 
Previous Previous
 
Next Next
  Modern Analyst Forums  Business and Sy...  Business Proces...  enterprise-wide analytics

Community Blog - Latest Posts

A business analysis checklist helps you stay organized while you work through projects. It includes questions that will help you identify problems in your current processes, and suggest improvements for future projects. Understand the Problem Before you start writing code, you need to understand what problem you're solving. This means u...
I’ve heard “The End is Near!” for Business Analysts for almost 20 years.  Waterfall project management, with its need for formal requirements, is dead…a dinosaur…so 1990’s.  To be honest, that’s mostly true.  With the publishing of the Agile Manifesto in 2001 there was no need for a 2-inch-...
Business analysis is used to identify and articulate the need for change in how organizations work, and to facilitate that change. As business analysts, we identify and define the solutions that will maximize the value delivered by an organization to its stakeholders. We look for opportunities for new business models and new ways to work together. ...

 






 

Copyright 2006-2022 by Modern Analyst Media LLC