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  • WiseAnalytics Blog » Increasing Importance of Governed Data Access
    broader users while controlling data validity ensuring users understand the differences between types of data being accessed limiting access to governed sources developing an iterative framework to manage data quality providing access points and processes surrounding non governed data sources letting different types of users interact with all the data they require All of these challenges also provide organizations the opportunity to identify the best way to govern their data Without governed data access points it becomes hard for users to trust their analytics Without trust in data it becomes almost impossible to identify whether metrics are accurate And in many cases people know that they can t trust the data they are accessing so don t want to use their BI tools This exists whether the tool is Excel or some advanced BI tool unless data governance exists Because more organizations are starting to quantify the benefits of their data assets the value proposition of data governance has increased Therefore the bundled solutions that include governed data can help organizations achieve quicker implementation times with valid data The only issue to consider is whether there will be data sources needed for regular analytics that will continue to reside external to the governed sources Overall organizations need to understand this to ensure they can evaluate solutions with an understanding of how data will be managed over time This post was brought to you by IBM for Midsize Business and opinions are my own To read more on this topic visit IBM s Midsize Insider Dedicated to providing businesses with expertise solutions and tools that are specific to small and midsized companies the Midsize Business program provides businesses with the materials and knowledge they need to become engines of a smarter planet You can follow any responses to this entry through

    Original URL path: http://www.wiseanalytics.com/blog/2014/10/14/increasing-importance-of-governed-data-access/ (2016-04-27)
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  • WiseAnalytics Blog » Governed data discovery – looking at the importance of managing data validity
    within a centralized data warehouse through data virtualization or by accessing approved data sources external to the analytics framework With organizations being held more accountable to tie their BI initiatives to business value the data used to develop insights driving results need to be tightly coupled with data that can be validated through governance Achieving this on a systematic level requires developing a strategy and taking data governance seriously This requires involving the proper stakeholders defining the processes required and managing compliance over time Additionally the analytics infrastructure needs to support this initiative by providing the framework to manage data quality over time and provide steps to identify issues and support the organization as they try to fix them Certain solution providers now focus more extensively on providing these capabilities as a part of broader offerings to help organizations overcome their data challenges As organizations expand their data use and look at broader data sets to leverage as part of their analytics the importance of data governance increases Essentially it is becoming impossible for organizations to ignore the role data governance plays within any BI Big Data or Information Management initiative Organizations need to ensure the validity and reliability of their data The only way to do this is to ensure that data governance is an intrinsic part of any data related initiative More detail on how to do this can be found at Understanding The Role Of Data Governance Additionally here is a Webinar link developed with MicroStrategy that also shows a vendor s stance on Governed Data Discovery and the importance of integrating a data governance framework within broader BI and analytics solutions Understanding The Role Of Data Governance You can follow any responses to this entry through the RSS 2 0 feed You can leave a response

    Original URL path: http://www.wiseanalytics.com/blog/2014/10/01/governed-data-discovery-looking-at-the-importance-of-managing-data-validity/ (2016-04-27)
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  • WiseAnalytics Blog » The importance of BI specific skill sets
    people or to train existing staff The problem is that risks increase as developers already over allocated in many cases struggle to get a solution up and running that they don t understand Although solutions will be developed and analytics access granted there may be inconsistencies in performance leading to the inability to access the data required when needed or to required functionality not being leveraged efficiently Either way organizations need to understand that investing in a BI initiative may require budget set aside for skill set development or outsourcing services Organizations willing to invest Other organizations are willing to invest to make sure that their BI solutions are developed properly In many of these cases vendor professional services or outside consultants are used to develop the initial solutions to get BI up and running or alternatively to enhance what already exists For these organizations it still becomes important to ensure that support exists on an ongoing basis or a transfer of skill sets occurs so that BI can be properly maintained moving forward The reality for organizations is that BI success requires specific skills and knowledge and are not within the realm of a generalist to do effectively Although many organizations attempt to go it alone the reality is that businesses require an in depth understanding of the technology and tools used in order to develop successful BI applications This post was brought to you by IBM for Midsize Business and opinions are my own To read more on this topic visit IBM s Midsize Insider Dedicated to providing businesses with expertise solutions and tools that are specific to small and midsized companies the Midsize Business program provides businesses with the materials and knowledge they need to become engines of a smarter planet You can follow any responses to

    Original URL path: http://www.wiseanalytics.com/blog/2014/09/24/the-importance-of-bi-specific-skill-sets/ (2016-04-27)
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  • WiseAnalytics Blog » Why are organizations still struggling with their data?
    work cohesively together I have also seen organizations select products based on marketing hype and end up with a subset of the capabilities they require Within SMBs there is also a mistake whereby organizations don t take into account the expertise they require to develop a strong BI initiative and either do not want to invest in the right skill set or feel that the resources currently available can be used without the proper training All of these areas contribute to the confusion but so does the market itself There is very little that is available in the form of a series of best practices or guide that can be used on a broader level to guide organizations through the transition from traditional BI infrastructures and other traditional models towards agile solutions that help support organizations in this transition After all the complexities of data integration haven t gone away despite the promise of automated processes more APIs and easier to use solutions Luckily as the market matures businesses can start to benchmark against those with successful implementations At the same time it seems like an integrated approach to data management is still needed across the board to really help organizations support broader data management Solutions are still piecemeal and full stacks are not always accessible Hopefully as the market continues to mature and as more organizations move towards an agile approach to their data management there will be more success with data management as a whole But this still requires better planning knowledge of IT infrastructure options and an understanding of the value data can bring to the organization if leveraged well This post was brought to you by IBM for Midsize Business and opinions are my own To read more on this topic visit IBM s Midsize Insider

    Original URL path: http://www.wiseanalytics.com/blog/2014/09/19/why-are-organizations-still-struggling-with-their-data/ (2016-04-27)
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  • WiseAnalytics Blog » Leveraging information assets and the need for collaborative decision making
    shift Silos are no longer acceptable IT acting on its own can only act from its perspective The same exists for individual departments Even decisions that seem to be limited to one department require broader analysis For instance increasing sales requires knowing more than previous sales To be successful the organization needs insights into customers competitors products supply chain weather patterns etc Much of this information may be made available to one department but people with a variety of experiences are required to make decisions that will effect the broader sales channel What all of this means for mid sized businesses is that companies seem to be making headway towards the right direction Cohesion between IT and business does exist within many SMBs Half of identified businesses seem to have organization wide decision making strategy 70 of organizations have resources that can link business and data related insights to leverage analytics successfully As data becomes more widely available to more employees within more departments organizations will begin to share information with each other and increase collaborative efforts After all working in silos or relying on IT will only limit the benefits that can be realized by analytics Big data is just an extension of the fact that organizations need information from a variety of sources in order to gain the visibility required to remain successful The reality however is that data only represents half of what is required to maintain success People and departments collaborating more broadly and sharing data across the organization are also required for data to remain valuable This post was brought to you by IBM for Midsize Business and opinions are my own To read more on this topic visit IBM s Midsize Insider Dedicated to providing businesses with expertise solutions and tools that are specific

    Original URL path: http://www.wiseanalytics.com/blog/2014/08/25/leveraging-information-assets-and-the-need-for-collaborative-decision-making/ (2016-04-27)
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  • WiseAnalytics Blog » With all of the data available – why do companies still fall short?
    that category then sending a letter after I ve already cancelled is too little too late This situation reminded me of a case study presentation at a conference by a leading North American Bank that was worried about competing with other large financial institutions and their struggle with customer satisfaction ratings A trend was occurring whereby long term customers with good standing would want to deposit a check and withdraw money automatically without having the bank hold the check What ended up happening is that there was a higher than average turnover rate with these customers who were looking to other banks to provide them with immediate transactions In order to maintain high customer ratings the bank began to analyze what was happening The results of the analysis were that the customers with large investments in the bank were the ones who decided to leave because they weren t being serviced the way they wanted as opposed to a number of customers who complained a lot but didn t leave It was found that the customers who stayed didn t have as much invested with the bank Consequently the bank decided to take the risk and provide the long standing high investing customers with immediate access to their funds because they were low risk The result was higher satisfaction and less turnover The lower investing customers would be addressed based on their individual situations but the main effort was placed on the customers the bank felt would do more business with the bank over time These examples are simple and yet highlight the value of information insights Organizations may struggle with their BI investments but the reality is that BI can no longer be a separate tool set within the wider organization Businesses need to understand the fact that they

    Original URL path: http://www.wiseanalytics.com/blog/2014/08/12/with-all-of-the-data-available-why-do-companies-still-fall-short/ (2016-04-27)
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  • WiseAnalytics Blog » Understanding User Expectations
    two levels of users exist and there are people within the organization who understand the data layer there needs to be more flexibility in the way in which data is interacted with Data discovery and interactivity Once data is prepared business users need to be able to explore the data the way they see fit Interactivity needs to be valid in the sense that users need to be able to ensure that their data is joined properly in the way that makes sense for their business questions etc The challenge with this is granting users enough access allowing them to explore data without having to determine a predefined set of pathways while making sure that they are unable to develop analytics based on wrong assumptions Organizations therefore need to balance these two aspects to make sure that solutions are designed with a high level of flexibility to sort through data but not too much that allows people to make the wrong joins or develop conclusions based on inaccurate assumptions Self service and ease of use Self service takes this one step further by making sure that the tools used to support decision making and analytics are easy to use and match the level of expertise of the user Within organizations this might mean having more than one type of access to ensure that decision makers can access data in the way that best meets their needs One of the challenges of ease of use is that solutions are generally developed by IT developers What this means is that not all user friendly self service solutions are actually self service for everyone To really achieve self service it becomes important to make sure that implemented solutions are intuitive to those interacting with them Although BI users have many expectations these three

    Original URL path: http://www.wiseanalytics.com/blog/2014/07/29/understanding-user-expectations/ (2016-04-27)
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  • WiseAnalytics Blog » Takeaways from MicroStrategy World
    leveraging their platform for centralized data storage The goal being to make sure that business users interacting with self service independently can trust the reliability of the data they access Obviously this type of analytics is limited to the data being maintained within MicroStrategy but can help organizations manage information access to ensure accurate analytics Mobile Over the past few years BI vendors have been focusing on mobility as a way to get analytics out to a broader variety of users MicroStrategy goes one step further with their app development capabilities and a focus on delivery of mobile applications Consequently their ease of consumption 0n mobile devices is obvious based on the fact that many customers are merging mobile apps related to customer experience with analytics insights Cloud Platforms in the cloud are becoming more prevalent as organizations no longer want to have to provision and manage hardware within their organizations In addition cloud based solutions can support infrastructure software and business application requirements and in many cases do so in a way that provides quicker time to value Since MicroStrategy first announced their cloud offerings two years ago much of their efforts have been spent building out and solidifying their cloud platform Moving forward it seems like their preferential deployment model for customers Security Security really falls outside the world of analytics and Usher is a separate product However it addresses the challenges that exist in a world that is rife with security breaches and identity theft Securing the enterprise and making sure that people are who they say they are becomes more important as mobile devices store so much sensitive data General Thoughts This time MicroStrategy World was very different than it has been in the past As mentioned there is an increased openness regarding communication and sharing

    Original URL path: http://www.wiseanalytics.com/blog/2014/07/18/takeaways-from-microstrategy-world/ (2016-04-27)
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