Chapter 9
Asset Management
The goal of a business analytics team is to create value. Getting there involves creating a variety of intermediary assets including processes, reports, and potentially advanced analytics models. Like any other asset, these need attention if they’re to be curated and used effectively.
Most organizations take a fairly lackadaisical approach to asset management. Most struggle with:
- Making the transition from often ad-hoc activities into an asset-based approach
- Understanding the value of their assets
- Identifying how to get the most out of their assets
- Linking the effort they expend to the value they create
The solutions described in the next section focus on techniques and approaches to overcome these challenges.
MOVING TO OPERATIONAL ANALYTICS
- Drive outcomes, not insight
- Start flexible, become structured
- Eliminate bottlenecks
- Always have a plan B
- Function should dictate form
- Watch the dynamic, not just the static
- Augmenting operational systems
- Coping with information overload
- Scaling past the PC
- Smoothing growth with the cloud
- Reducing time to recommendation
- Enabling real-time scoring
- Blending rules with models
The Background: The Best Answers Are Worthless if They’re Not Timely and Actioned
Organizations ...
Get Delivering Business Analytics: Practical Guidelines for Best Practice now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.