3 Steps for Developing a Data Analytics Hub

MorganFranklin Consulting is an international services firm that delivers business consulting and technology solutions to public companies, fast-growing private companies, and government clients.

Becoming a data-driven organization yields numerous benefits—but it doesn’t happen overnight. The journey to building a “data analytics hub” begins with three steps:

1. Assess Capabilities

  • Examine tools, technology, information, and data management across business units and functional areas.
  • Identify pockets of expertise.
  • Baseline organizational capabilities against a Data Analytics Maturity Model.

2. Close Gaps to Deliver Results

  • Document gaps between capabilities and strategy and group them into implementable initiatives.
  • Start delivering quick wins.
  • Outline initiatives, including project charters, and prioritize them based on business value, return on investment (ROI), and other factors.

3. Plan for Continuous Improvement

  • Implement analytics initiatives.
  • Consider an agile implementation approach to quickly deliver results and allow for benefits realization.
  • Be aware and take advantage of analytics advancements and opportunities for additional value.

How can you transform your business into a data-driven organization?

2019-03-28T15:51:13+00:00January 20th, 2014|Insights, Insights - Companies|