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How can CIOs Build Business Value with Business Analytics?

Smart Data Collective

Team Upskilling: Train business analysts on planning, gap analysis, scoping & blueprinting, cost-benefit calculation of new initiatives, solution architecture, modelling, elicitation, requirement management, performance management, and other improvement initiatives.

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What’s the Difference: Quantitative vs Qualitative Data

Alation

A good example of segmentation from the early days of analytics is Postal/Zip Code Analysis. In the 1980s, retailers would collect data at the Point of Sale, otherwise known as a cash register. When managers of physical stores understand market-basket patterns, they can place products on shelves more thoughtfully to drive sales.

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The art and science of data product portfolio management

AWS Big Data

As part of this practice, a gap analysis is conducted between the current and target data product portfolio, and a set of required actions and estimated time and effort prepared for review by the organization.

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Six steps to creating a successful IT strategy: A guide for CIOs

CIO Business Intelligence

Step 5: Gap analysis Identifying gaps The gap analysis involves comparing the current state of IT with the desired future state as outlined in the IT strategy. For example, metrics for a CRM system might include customer upsell or retention, sales cycle time, and lead conversion rates.

Strategy 133