Data and Analytics help you shape the future of the company.
In order to achieve this, you need to have a data/ analytics function in your business.
Why do you need it and what are the advantages in having someone in charge of this domain in the business?
Below is a list of functions that this person should be in charge of:
Leading the data domain:
- Building the analytics and business performance infrastructure, based on understanding the needs of all the business units/ stakeholders in the company
- Building the analytics platform and choosing the right tools
- Providing direction for the data domain in the company, taking ownership of all data processes
- Creating a good communication and work processes between the different units in the company, to make the analytics productive and more efficient
Creating Business Insights:
- Improving the business performance by research of data and conduction of quantitative analysis
- Making business insights out of raw data
- Supporting decision making based on facts and solid data (rather than “gut feeling” and assumptions)
- Defining, Controlling and measuring company’s KPIs