8 key challenges Businesses face when implementing Business Analytics in their organization.
Published on 16 August 14
James0
#1 Identifying what data to collect.
#2 Data is everywhere, cheap and tells us everything. Figuring out what data we need for insight is a key challenge.
#3 Data is everywhere & of all types. Knowing how to use data is a key challenge.
#4 Most of the useful data is not only the structured & unstructured, but also the 'undigitized'.
#5 Deciding how much to supplement Business Analytics with human judgement.
#6 Find a suitable and integrating one analytics tool into the company technology stack from a huge number of Big Data and analytics technologies.
#7 Redefining "which technology to use" when business functions have initiated their own analytics projects.
#8 As customers are increasingly empowered by free access to all kinds of data, information and applications. The challenge for businesses is to continuously keep up and stay ahead of their needs.
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