Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    composable analytics
    How Composable Analytics Unlocks Modular Agility for Data Teams
    9 Min Read
    data mining to find the right poly bag makers
    Using Data Analytics to Choose the Best Poly Mailer Bags
    12 Min Read
    data analytics for pharmacy trends
    How Data Analytics Is Tracking Trends in the Pharmacy Industry
    5 Min Read
    car expense data analytics
    Data Analytics for Smarter Vehicle Expense Management
    10 Min Read
    image fx (60)
    Data Analytics Driving the Modern E-commerce Warehouse
    13 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Agile AND Industrial Analytics
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Uncategorized > Agile AND Industrial Analytics
Uncategorized

Agile AND Industrial Analytics

JamesTaylor
JamesTaylor
4 Min Read
SHARE

I wrote a post called “It’s time to industrialize analytics” for Smart Data Collective a little while ago and it prompted Tom to reply with Agile vs Industrialized.

I wrote a post called “It’s time to industrialize analytics” for Smart Data Collective a little while ago and it prompted Tom to reply with Agile vs Industrialized.

To recap, the key point of my post was that we need to move away from analytics as a pure craft to one that has a more systematic focus. We need analytic teams that are focused on the end goal, whether that is a high-throughput operational system (a propensity model for use in a web marketing system for instance), a dashboard, report or visualization. Such a focus necessitates limitations on the freedom of the analytic team to use their favorite tools or bring whatever data seems helpful into the model. If we focus on the need to operationalize this model – to make it affect our business – then we will not be able to have total freedom in our analytic work. This is more true when models are being deployed into operational systems than when they are being deployed into more interactive, low-volume environments but it is always true at some level. Rolls Royce cars may be hand made in places but this work is still part of an industrial process – the need for it to fit into a finished product is still paramount. So it is with analytics – even when we are hand-tooling something, we should be aware of the “industrial” context in which we operate.

More Read

Book Review: Data Modeling for Business
The cloud is a powder keg
Object types in R: The fundamentals
Forget outsourcing, it’s all about co-learning these days
Synthesis

Tom’s follow-on point that industrialization is not appropriate for analytic discovery work is a valid one. Organizations often don’t know how analytics might be able to improve their business and must spend time and effort in a discovery phase. It is entirely appropriate to try new things, to do things one-off while figuring out what might be helpful. Analytics are not yet, in most companies, a standard part of the way they do business. Even if they are there will be times when the area being investigated is not well known enough to allow for a systematic approach – we will need to be agile about where and how to investigate. But remember, as I said in my original post

If the model is accurate but impractical to implement then it adds no business value and should, therefore, be considered a bad  model.

It does not matter if operationalization means putting the model into a high-volume process, an executive dashboard or sophisticated visualization. If you don’t impact business results then the model is no good. You can, and should, be agile about developing new analytics. But you should keep an eye on the end objective and make sure you can deliver business results.

 

Copyright © 2010 http://jtonedm.com James Taylor

Syndicated from International Institute for Analytics

TAGGED:analytics
Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

composable analytics
How Composable Analytics Unlocks Modular Agility for Data Teams
Analytics Big Data Exclusive
fintech startups
Why Fintech Start-Ups Struggle To Secure The Funding They Need
Infographic News
edge networks in manufacturing
Edge Infrastructure Strategies for Data-Driven Manufacturers
Big Data Exclusive
data mining to find the right poly bag makers
Using Data Analytics to Choose the Best Poly Mailer Bags
Analytics Big Data Exclusive

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

The Big Picture

7 Min Read

Adding Business to Analytics

5 Min Read

Decision engines in financial services

6 Min Read

Change Your Business One Metric At A Time

8 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

ai in ecommerce
Artificial Intelligence for eCommerce: A Closer Look
Artificial Intelligence
AI chatbots
AI Chatbots Can Help Retailers Convert Live Broadcast Viewers into Sales!
Chatbots

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?