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
    sales and data analytics
    How Data Analytics Improves Lead Management and Sales Results
    9 Min Read
    data analytics and truck accident claims
    How Data Analytics Reduces Truck Accidents and Speeds Up Claims
    7 Min Read
    predictive analytics for interior designers
    Interior Designers Boost Profits with Predictive Analytics
    8 Min Read
    image fx (67)
    Improving LinkedIn Ad Strategies with Data Analytics
    9 Min Read
    big data and remote work
    Data Helps Speech-Language Pathologists Deliver Better Results
    6 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Transforming Fragmented Decision Making
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Business Intelligence > Decision Management > Transforming Fragmented Decision Making
Decision Management

Transforming Fragmented Decision Making

JulieHunt
JulieHunt
4 Min Read
SHARE

Many midsized organizations are uncertain about how to proceed with business intelligence and analytics – or if they should even jump in. But if these organizations fail to include various data analytics as inputs to strategic and tactical decisions throughout the enterprise, they may be blocking their abilities to compete, grow and keep pace with dynamic market and economic changes. Key opportunities may be missed; detrimental risks may pop up without warning.

Many midsized organizations are uncertain about how to proceed with business intelligence and analytics – or if they should even jump in. But if these organizations fail to include various data analytics as inputs to strategic and tactical decisions throughout the enterprise, they may be blocking their abilities to compete, grow and keep pace with dynamic market and economic changes. Key opportunities may be missed; detrimental risks may pop up without warning.

Like larger enterprises, midsized organizations have a lot of data from a large variety of sources. Most decision-making calls for more timely data that can be used to point the way for the future, not just looking at what happened in the past. Too often spreadsheets become the key data source – unfortunately spreadsheets may not yield the necessary analysis, particularly when the situation calls for data from multiple disparate sources.                

More software solutions are available that should work well for midsized organizations and are more cost-effective, including cloud services that offer analytics anywhere, anytime. But many midsized organizations have real hurdles to implementing agile analytics and decision-making processes. They may not have enough IT resources or analytics experts to effectively go from data to insights, and then on to decisions and actions. Data isn’t the only resource that needs attention – business processes are data’s partner in analytics that ultimately engender business improvement. And just like larger enterprises, midsized organizations may not have the essential alignment between Business and IT, working together to make sure analytics make sense for the business needs of the organization.       

Companies can benefit greatly from analytics that support initiatives that impact the entire organization and reveal solid business value. For instance, to learn more about customers, organizations need to analyze: whether products and services meet customer needs, how customers want to interact with the company for different activities, and how different segments of customers prefer to make purchases. An activity like customer segmentation doesn’t just benefit marketing – it makes a significant difference for corporate customer strategies, innovation, product groups, and sales.

Centralizing analytics can eliminate redundant effort to glean intelligence from data sources, while reducing effort and cost. Often departments in midsized organizations rely too much on their own silos of data and don’t include a wide variety of data sources. Centralizing advanced analytics should dynamically work to eliminate data silos in the organization and bring different perspective into the formulation of analytical models and a wider breadth of benefit to the overall organization. Midsized companies will find the best success when all functions across the enterprise work in harmony.

Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

sales and data analytics
How Data Analytics Improves Lead Management and Sales Results
Analytics Big Data Exclusive
ai in marketing
How AI and Smart Platforms Improve Email Marketing
Artificial Intelligence Exclusive Marketing
AI Document Verification for Legal Firms: Importance & Top Tools
AI Document Verification for Legal Firms: Importance & Top Tools
Artificial Intelligence Exclusive
AI supply chain
AI Tools Are Strengthening Global Supply Chains
Artificial Intelligence Exclusive

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

5 Tips to Consider When Designing Supply Chain Key Performance Indicators

5 Min Read

5 Things You Can Do to Improve Your Decisions

6 Min Read

Here’s How to Use Decision Management to Improve Cross-Channel Experience

4 Min Read

3 Ways ‘Big Data Analytics’ Will Change Enterprise Performance Management

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 is improving the safety of cars
From Bolts to Bots: How AI Is Fortifying the Automotive Industry
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?