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How to Transform into an Insight-Driven Enterprise

  • How to Transform into an Insight-Driven Enterprise-

    Raise the Company's Analytics IQ

    A company's commitment to raising the analytics IQ for all roles within the enterprise is a distinguishing characteristic of a leading analytics organization. For example, an organization may implement an Analytics Academy that provides analytics training for functional business resources, in addition to the core management training programs. Additionally, leading analytics organizations have a vision of an "intelligent enterprise" – they are training resources to use new tools and techniques to improve decision-making throughout the enterprise and are also implementing innovative technologies, such as advanced data visualization, to communicate the value of analytics across the enterprise.

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How to Transform into an Insight-Driven Enterprise

  • 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8
  • How to Transform into an Insight-Driven Enterprise-6

    Raise the Company's Analytics IQ

    A company's commitment to raising the analytics IQ for all roles within the enterprise is a distinguishing characteristic of a leading analytics organization. For example, an organization may implement an Analytics Academy that provides analytics training for functional business resources, in addition to the core management training programs. Additionally, leading analytics organizations have a vision of an "intelligent enterprise" – they are training resources to use new tools and techniques to improve decision-making throughout the enterprise and are also implementing innovative technologies, such as advanced data visualization, to communicate the value of analytics across the enterprise.

Many companies have had analytics, as a business discipline, on their corporate agendas for a number of years. Today, with the increased growth in data sources and the ubiquitous nature of analytics, a new environment is surfacing where robust analytics capabilities are needed just to keep pace. To obtain the most value from data in this evolving competitive environment, many companies are progressing beyond just using analytics, and are transforming themselves to build an insight-powered enterprise.

To help gain a greater understanding of these transformations, Accenture Analytics studied what the most analytically mature companies are doing to gain tangible value from analytics, and how their practices might be adopted by companies not as far along the maturity curve.

From the research, Accenture Analytics has identified five key characteristics that companies with mature analytics organizations generally share to pursue insight-driven transformation. Accenture has also outlined how companies could more effectively pursue this transformation and move from data to insights to outcomes for a competitive advantage.