Business Analytics: Shifting from Hindsight to Insight to Foresight
Businesses rely on analytics to explore opportunities for growth, product and service excellence, customer insight, enhanced risk management and regulatory compliance. In the current economic climate, three powerful trends are driving the adoption of business analytics - unforgiving demand for performance, wake-up call for better risk management in the face of tougher regulatory enforcement, and exponentially increasing amounts of data to process, comprehend and react to. A common and effective use of business analytics is to deliver uncommon insights that can drive business value. That starts with asking the right kinds of questions, and ends with getting answers you can trust.
On a Technology Executives Dbriefs webcast, Business Analytics: Shifting from Hindsight to Insight to Foresight, held on August 5, 2010, Deloitte Consulting LLP’s Principals John Lucker and Nimitt Desai, and Senior Manager Mo Masud discussed:
- Imperatives for elevating a company's use of analytics, including those involving strategies for growing data volumes and usage of advanced quantitative analysis and predictive models
- The analytics conundrum – establishing an organizational discipline that benefits the bottom line
- Examples of driving value through analytics, including how, when and where to collect data
Download the Dbriefs webcast presentation to gain insights on the ways companies are applying analytics across their enterprise to differentiate and drive integrated decision making.
The following polling questions were conducted during the Webcast: