Many organizations use multiple analytics and BI products. Data and analytics leaders must review and work to reduce their portfolio of tools by identifying areas of redundant practice and technology overlap. This will free them to meet evolving analytics needs and realize economies of scale.
- Realign How Your Organization Views Analytics and BI Tools by Actively Managing Them as a Portfolio
- Conduct an Initial Assessment of the Life Cycle of Tools in Use
- Undertake a Full Audit of Your Tool Portfolio to Help Define Its Future Shape
- Approach 1: Apply Application Portfolio Management Techniques
- Approach 2: Use Analytics Blocks to Map Portfolio Tools to Outcomes
- Share the Results and Establish a Portfolio Review Period
- Set Prioritization Rules for the Desired Future Portfolio to Guide Portfolio Pruning
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