10 Challenges to Advanced Analytics (PowerPoint PPTX)

DESCRIPTION

Our organization must become Analytics-driven. This is the call of the times. To be globally competitive, our company must have the capability to effectively use Advanced Analytics.

Despite big moves, Analytics pilots are not being converted into scalable solutions. There are 10 core challenges that any Analytics program encounters, which makes any Analytics-driven initiative a struggle. These challenges are:

1. No Coherent Vision
2. Poor Use Case
3. No Analytics Strategy
4. Poorly Defined Analytics Roles
5. No Analytics Translators
6. Isolated Analytics Capabilities
7. Expensive Data Cleansing Projects
8. Inappropriate Data Analytics Platform
9. No Business Case
10. Lack of Focus on Ethical and Regulatory Implications

This presentation discusses these 10 challenges in detail, as well as effective actions to take to remedy these situations.

This deck also includes slide templates for you to use in your own business presentations.

Identifying and addressing the 10 challenges to Advanced Analytics provides our company a second chance to get back on track. The presentation outlines a comprehensive action plan for each challenge, ensuring that your organization can overcome these hurdles and fully leverage the power of Advanced Analytics. From establishing a coherent vision to defining clear roles and responsibilities, this PPT serves as a strategic guide for transforming your analytics initiatives into scalable, impactful solutions.

Having no coherent vision on Advanced Analytics is a primary stumbling block. Without a clear understanding of the difference between traditional and advanced analytics, executives struggle to align their teams and resources effectively. The document provides actionable steps for the CEO, CAO, or CDO to lead workshops and coaching sessions, ensuring that the management team grasps the concept of Advanced Analytics and can drive the initiative forward.

The value that the initial use cases can deliver in the first year has not been determined. To address this, the presentation includes a feasibility matrix to prioritize analytics use cases based on their impact and feasibility. By analyzing the entire value chain from supplier to after-sales service, companies can pinpoint the highest value use cases and generate momentum for future analytics investments. This structured approach helps in making informed decisions that maximize the return on analytics investments.

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Source: Best Practices in Digital Transformation, Analytics PowerPoint Slides: 10 Challenges to Advanced Analytics PowerPoint (PPTX) Presentation, LearnPPT Consulting