This blog post is adapted from the May 17, 2016, webinar entitled “Analytics Platforms and the Decision Lifecycle,” presented by John Hormaechea.
In today’s organizations, more individuals are making decisions traditionally made by executives. Our high-paced business environment requires faster action, and organizations can no longer wait for busy executives to make every single business decision. That’s why it’s crucial that these new decision-makers have access to accurate, centralized data to make the best business choices possible.
At data-driven organizations—those that use BI solutions at every stage of the decision lifecycle—multiple users across different departments are able to access, explore, and collaborate on numerous data models. They are also confident that the data they are using to make decisions is the same data that others are using to make their own separate decisions.
Many personal productivity-based BI tools cannot support today’s data-driven organizations because they don’t provide a complete enterprise framework. They operate at the desktop level and make it difficult for employees to share data and insight. Only an analytic platform featuring a structured and governed end-to-end workflow can provide the structure required for BI deployments that support many different users, from analysts to everyday business users.
True analytic platforms support every stage of the decision lifecycle. They can model data and prepare it for analysis. They have data discovery capabilities that allow users to analyze the data, understand risks, predict certain outcomes, evaluate numerous courses of action, and decide on the best one. They also give users of all types the power to assemble curated data in a dashboard environment where they can share it meaningfully with others and even securely broadcast it to others within the organization.
Not only should the analytics platform support the entire decision lifecycle, but it should also be so simple that all types of users can use it, no matter their role.
True platform-based analytic solutions are fundamentally different than personal productivity tools because they enable all users across an organization to engage in the decision lifecycle. Personal productivity tools exist on individual users’ desktops, and there is no reliable way for employees to collaborate governance. An ideal deployment is managed by IT, but allows self-service. This results in an environment where more users can participate in the decision-making process.