Business leaders rightly believe that an analytics center of excellence (CoE) is a competitive necessity. However, the way in which many organizations build their analytics CoEs is fundamentally flawed. As such, common approaches result in significant investments that unwittingly stunt the impact of analytics initiatives.
A failure to consider the right mix of people, processes, and technologies leads to the creation of analytics CoEs that not only promote inefficient goals but that are also fundamentally misaligned to business objectives. The impact is a costly misuse of resources.
To address these challenges, Blue Hill Research conducted deep primary research with leading consultancies, systems integrators, and multi-national companies to supplement our own experiences and observations. This paper explores the pitfalls and costs of traditional analytics CoEs, and then advances best practices and approaches for successful investments. Further, Blue Hill proposes that successful analytics investments are a function of getting the right talent in place, embracing an agile mindset, and providing your team with the right tools to support agile methodologies.
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