Analysts to Explore Advanced Analytics at the Gartner Business Intelligence & Analytics Summit 2015, October 14-15 in Munich, Germany
Getting started with advanced analytics is as much about changing mindsets and culture as it is about acquiring tools and skills, according to Gartner, Inc. Failure to make these changes can be fatal to success. Gartner predicts that, through 2017, 60 percent of big data projects will fail to go beyond piloting and experimentation, and will be abandoned.
"Many business intelligence (BI) and analytics leaders are unsure how to get started with advanced analytics, and many organizations feel they must make a significant investment in new tools and skills," said Lisa Kart, research director at Gartner. "But a successful advanced analytics strategy is about more than simply acquiring the right tools. It's also important to change mindsets and culture, and to be creative in search of success."
Gartner has identified four best practices that BI and analytics leaders can use to get advanced analytics initiatives off the ground:
It makes sense for an organization to build advanced analytics internally if (a) analytics is a critical differentiator in its industry or if the area is of strategic importance, (b) a high level of agility and granularity of control is required, and (c) there are many opportunities across the organization to apply analytics in multiple use cases or lines of business.
BI and analytics leaders that do decide to build must have the three core skills needed for advanced analytics:
Unfortunately, this skill set is rarely found in one person, but it's essential to have all three skills within a team.
More detailed analysis is available in the report "How to Take a First Step to Advanced Analytics."
Ms. Kart will present on advanced analytics at the Gartner Business Intelligence & Analytics Summit 2015, October 14-15, in Munich, Germany. You can also follow the event on Twitter at http://twitter.com/Gartner_inc using #GartnerBI.
About the Gartner Business Intelligence & Analytics Summit 2015
At the Summit delegates will learn how to transform their business with analytics that enable greater transparency, decisiveness and personalization. Gartner analysts will also help them understand the impact of emerging trends such as cognitive computing, the quantified self and infonomics, the discipline of assessing the value of your data.
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