10 February 2020
Monday, February 10th
The Vizlib Monday Digest is a summary of recent articles about how data changes our lives. We’re sharing it with you to supercharge your week! (Feel free to share your comments!)
Aligning the business case for analytics with business goals. Successful analytics solutions require synergy between the business’ needs and how they derive insights from their data. A company’s BI strategy should breathe life into its analytics business case to achieve the ultimate BI goal – the monetisation of data. Discover how leaders can achieve this aim when combined with data democracy and a commitment to progress in this Forbes article.
Stepping up product analytics to drive customer value. Product analytics is a tool to improve a product or service and deliver the wow to customers. You can provide purposeful analytics insights through a framework which breaks down why you’re communicating findings and defines who your audience is – your immediate team, collaborators or observers. Discover more tips to improve your product analytics collaboration in this Towards Data Science article.
For further reading, check out our blog on improving collaboration with your data team.
Bending supply-chain analytics to business needs. As supply-chain analytics evolves, so does the need for improved data governance. According to a study by research company APQC, 79% of organisations have increased their investment in supply-chain analytics over the past three years. Learn more about the benefits of a centralised analytics structure, such as a single version of truth and a more holistic perspective, in this article on supply chain analysis.
Building the data infrastructure for predictive analytics. Improving predictability is possible when practitioners consider the data centre as a whole. Changes in the data structure are a key entry point, which should result in cost reductions and a decrease in the failure rate. You can read more in this article.
For a broader look at advanced analytics, check out our blog on Advanced Analytics Capabilities for Qlik Sense.
Vizlib Advanced Analytics – Vizlib Line Chart
And, lastly, a visual discovery of the environmental impact of food and transport in this TWDI article.
Plus, our Quote of the day:
“Trust issues are a crucial hurdle to overcome in the adoption of any new technology within an enterprise. Advocates for the use of business intelligence (BI), artificial intelligence (AI), and advanced analytics, for example, need to present the correct business use case and logic to help executive leadership and technology users address uncertainty around potential business outcomes.”
Frank Vella, CEO of Information Builders.
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