Making Your Business Analytics System A Blockbuster Hit


film-slate

Author:  Vivek Kadiwar

When it comes to making a successful movie, there is no secret formula to assure you’ll produce the next blockbuster hit. That said, there’s a range of actions that all producers take during the film making process.

So what separates the good from the great? The winners from the losers?

The key to success lies in how well these series of steps are implemented by the producers. It’s about finding the right script to match your vision, hiring a director that understands your vision and finding the right set of actors to carry out your vision. When the whole team is on the same page, as a producer, it becomes much easier to execute your plan.

In the last decade, the benefits of analytics have become clear throughout most businesses, yet companies still face multiple hurdles in maximizing the value of the analytic systems they have in place. Most business analytics problems within an organization come as a result of a lack of collaboration, alignment, and communication. In a large business organization it’s not always an easy task to get everybody on the same page. The solution to these problems is creating a clear “line of sight” (click link below) from the top to the bottom of the company. Thus, the key to a powerful business analytics system is very similar to creating a successful movie. There truly must be an aligned goal for every member involved in the process. Just as the producer and director should be on the same page to increase the success of a film; the same goes for a CFO and CIO of a company trying to improve the value of analytics.

Here are the 7 steps to having a well-connected business analytics system. Read the article below to better understand how linking decisions to drivers to outcomes can connect your strategic, financial, and operational goals within your organization

A ‘How To’ Guide: Using a Performance Driver Approach PDF

3 Responses to “Making Your Business Analytics System A Blockbuster Hit”


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