people working in an office talking on headsets

Define Your Path in Your Analytics Journey

Knowing where you are in your organization’s analytics journey will help define what steps need to be taken next.

The first step in a company’s journey of analytic transformation is to determine where it stands today. Knowing that, it can confidently embrace analytics that will scale with the business and create a culture of analytics excellence.
image

Top-Line Growth

Drive towards deeper and faster insights that can fuel data-driven business decisions
Automation_icon

Bottom-Line Returns

Create analytics transformation plan that directly addresses your current needs and provides a platform to build upon into the future
Image

Risk Reduction

Have full understanding of current analytics needs and confidence in the path of your digital transformation
image

Upskill Workers

Provide self-service data analytics access to knowledge workers
image

Customer Experience

Leverage advanced analytics to gain a full understanding of your customers

Business Problem

Data science and analytics are the key to unlocking the answers your business needs to compete. They enable you to connect the dots among complex business factors so you can understand and predict customer behavior and uncover new insights about your markets.

But no company becomes data driven and insight rich overnight. Analytic transformation is a journey, not a destination, and it requires collaboration, determination, and dedication from all departments. Without processes in place, you’re opening a Pandora’s box. Line-of-business leaders will demand insights faster and faster. Data analysts will receive an endless stream of follow-up questions, creating backlogs. IT, the gatekeepers of data, will become a bottleneck for analysts wanting data and access. And data scientists will become bogged down with mundane tasks that require their skills but prevent them from working on higher-value projects.

Alteryx Solution

Before embarking on the journey, smart companies examine themselves to understand, define, and agree on their analytics maturity.

1) Starting out – Companies in this stage still rely on spreadsheets and labor-intensive tools to generate insights. Typical goals include standardizing month-end figures and analyzing product launch numbers. Their focus is on accessing and combining all data sources for a 360-degree view, moving to a single platform for reporting requests, and automating processes to deliver insights faster.

2) Moving towards operationalizing advanced and predictive analytics – Their data is connected; users are taking advantage of self-service tools and basic analytics is operationalized. They understand the impact of analytics on their bottom line. Their focus now is on moving to predictive and advanced analytics by upskilling their knowledge workers and building collaboration across departments.

3) Expanding advanced analytics throughout the organization – With analytics embraced, companies in this stage turn to the state of their data sources. They focus on dismantling the data silos that have evolved with years of data accumulation. They continue investing in their users’ skills with the goal of eliminating time spent on manual tasks related to analytics and insight generation.

4) Building a culture of analytics – At this point, analytics is embedded in their DNA and at every layer. With their analytics transformation accomplished, they establish and follow best practices, and they regularly review their infrastructure and the quality of the data on which they base their insights.

Additional Resources

Blog

A Quick Introduction to the Modern Analytics Journey

roi-resource

Calculadora de valor do Analytic Process Automation

Transforme seu analytics

Prepare-se para revelar insights ocultos em seus dados.

Produto Alteryx