Analyzing analytics or understanding

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Loopback mechanism for measuring the outcome of decisions is crucial. Stay tuned for upcoming research on this very important but largely unsolved (by analytics software and service vendors) topic. I'm also glad that the author points out a huge (and often critical) challenge that I know my clients face every day, which is how to convince non-analytical CEOs that analytics and decision management are critical to business success . One reason for this challenge is that, unlike any other enterprise application or process, analytics and decision management are difficult (but possible) to build a business case around specific, tangible ROI. One way we advise clients to break through this executive dilemma is to educate on the benefits of analytics and decision management, often using competitive benchmarks.

Guess what,  when, who and how analytics are used in the business and potentially linking the use of analytics to decisions (good or bad) is also one of the emerging best practices. Magazine Summer Research Topic Auditing to Promote Innovation Innovators often view information technology systems as too orderly and controlled to even cope with the Job Function Email List chaotic innovation process, let alone achieve innovation. But as some leading companies have shown, smart managers apply the entire menu to meet challenges. Steven Gordon and Monidi Patarafdar Year Month Day Reading Time: Minutes Topics Management Technology Workplace.



Teams and Culture Governance & Leadership Collaboration Subscribe Permissions and Shares What to Read Next MIT Artificial Intelligence Must-read Books of the Year Top 10 Articles of the Year Two decades of open innovation Adding cybersecurity expertise to your boardroom Any large or medium-sized company faces becoming stale and losing market share of the risk, while there are dozens or more likely hundreds of innovations being considered and developed at any given time. But with so many projects underway simultaneously, companies also need to minimize duplication.