In a recent panel discussion estimation
was made by the vendors. The discussion was held in the Gartner Business
Intelligence and Analytics Summit. The estimation that was made stated that
near about 70% of the total analytic projects horribly manage to fail in
meeting of the expectations. But this kind of failure can be just not accepted
following the fact that this industry is purely based on maths and science.
How are the
analysts responsible for the failing?
The following points can be considered:
1.No planning: if
an analyst doesn’t have enough time for planning, it is evident that it will
fail. Understanding and then executing of the plan is necessary. Planning helps
one in finding the exact process.
2.Not clearing
of the doubts: if people decides to keep the unfinished business just like
that then definitely that will not provide solution. Before paperwork clearing
of any doubt is necessary. Clarifying makes things easier.
3.No clear
implementation process: if one has
managed to plan and design the thing perfectly yet do not know that what is the
actual way of implementing then it will not be fruitful enough.
How are the stake holders responsible for failing?
The following
are the reasons why they fail:
1.Buy in that is
limited: ensuring the fact that the buy in
is complete from the customers is the way one can assure of the project being
marvellous. The stakeholders fail at understanding this point.
2.No proper
liaison: the stakeholders do this a lot. They
forget to or desperately manages to avoid any interaction with the analysts and
this is completely necessary to do. Maintaining a proper liaison is the best
that they can do for the stake holders.
3.Rushing the
review of scope document: if the review of
the BRD is not proper then definitely the analytics will fail. People can do
nothing to stop the same. A BRD review should be very much maintained line by
line.
How to ensure the successful implementation?
The following points will help in a lot
many ways:
1.Planning: The
more one decides to concentrate on planning, the better it is for them. Give it
a proper amount of time so that the procedures of the business can be well
understood. Also understanding the requirements of the business is the best
way.
2.The stage of
business undertaking: enough time should be
taken in understanding all the stakeholders. Their perspective is definitely
the main thing. Meeting their requirements is necessary and that should be
taken care of. Do everything that is necessary for the.
3.Stage of
analytical modelling: all the business
hypothesis and their exact knowledge is needed for this. One should spend
enough time with the stake holders so that they can get the job done perfectly.
Also one shouldn’t restrain their thought process.
4.Stage of
implementation:one should check with the preceding stages and then start with
this. Updating the stakeholders should be done. if the implementation somehow
doesn’t seem to work then check with what changes can it work.
These all will help in better
implementation of the analytics for business solutions.
Along with the growth of analytics,
there huge job opportunities in this industry. Beamsync, one the top training
institute for business analytics in Bangalore. If you are planning to learn analytics
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