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Advanced Analytics Use Cases
Defining and envisioning a coherent, well-targeted and realistic Advanced Analytics Vision and Strategy is about much more than hiring a data scientist and buying the "latest" software. The vision towards Advanced Analytics should be derived from the overall corporate strategy and in principle be aimed towards enabling the business to run smarter.
When managers reflect on how to get started with Advanced Analytical, they reflect on the use cases or application areas. Today, many managers struggle with this as Advanced Analytics is truly a new domain often unknown in the industry or functional area of the manager. As a result, it's tough for managers to fully grasp the value of Advanced Analytics and thus to make a clear vision towards AA.
That is why we recommend for all of our customers to start any Advanced Analytical initiative with a Advanced Analytics Vision & Strategy exercise. During this project, one of element61’s senior consultants will work tightly with Management, Business and ICT/BI departments in order to identify which application areas (i.e. use-cases) of Advanced Analytics will best benefit your organisation as part of your overall strategy, how they can be approached and how they fit with the current technology landscape.
element61 has the topic expertise and business experience it takes to build a Advanced Analytics Vision and Strategy document fit for your organization. For most companies this vision will start out with a basic proof-of-concept. For other companies, this may encompass the introduction of not only Advanced Analytics solutions but also Big Data solutions within their Business Intelligence architecture.
Contact us to learn more about defining a strategy and vision towards Advanced Analytics.