Unlocking Growth Through Data Analytics: 6 Keys to Success
Data analytics, when done right, can transform almost every facet of business. But many organizations struggle to capitalize on data. Through careful planning and disciplined execution, robust analytics capabilities that drive real business impact are possible.
In this post, we cover 6 keys to unlocking growth with data analytics:
Build a Scalable Data Infrastructure
The foundation for analytics success includes:
- Centralized data warehouse(s) for storage and access.
- Pipelines to integrate and cleanse data from different sources.
- Data architecture scalable for spiraling volumes of data.
- Augmenting internal data with external data where beneficial.
A solid data infrastructure makes accessing and analyzing data smooth.
Select the Right Analytics Tools
The toolchain enabling analytics includes:
- BI software for visualization, reporting and dashboards.
- Data science platforms like R or Python for advanced modeling.
- Notebook interfaces for exploratory analysis and collaboration.
- Specialized tools for text, voice, video, etc as needed.