Here’s Why Many Business Analytics Projects Will Fail: Gartner
A recent Gartner report spotlights several industry trends that can hinder the success of business intelligence initiatives. Solution providers with business analytics practices should take note.
What to do? Gartner recommends these steps for data and analytics leaders supporting analytics and business intelligence systems. This applies to solution providers as well.
- Focus training associated with analytics tool deployment on understanding when and why to use the tools and the analytics process, rather than on how to use specific tools.
- Evaluate incumbent applications for data, analytics and business processes to ensure they include sufficient machine-learning capabilities for targeted use cases.
- Work with business strategists and enterprise architects to understand likely IoT scenarios for an organization and their analytical implications. Most commonly the issue will be determining how to deal with streaming sensor data, but more complex requirements will require embedding analytics technology into edge devices.
- Extend data governance with the inclusion of analytics governance and avoid instituting analytics governance as a stand-alone initiative. Start by prioritizing an agreed business outcome with a business case or objective.