Monday, June 5, 2023

Data and analysis as a contribution of effective value to the business silicone

Data & Analytics (D&A) has a role in delivering business value, but only 44% of data and analytics teams believe they are effectively delivering value to their organizations, according to Gartner. For the consultant, the difference between the most successful managers in this area are those who achieve an executive presence and create an agile team that contributes to the performance and performance of the business based on excellence.

Gartner’s survey, conducted between September and November 2022 among 566 D&A leaders, found that D&A leaders who rated themselves as “effective” or “capable” of 17 different executive leadership traits were those who led them to achieve high standards and team performance. 43% of them reported effectiveness in their professional development, compared to 19% of underperformers.

Science in the midst of ambiguity

One of Gartner’s conclusions is that those who invest in their success by developing the skills to thrive in uncertain circumstances, articulate value, and identify activities and services that have business impact are most effective.

On the other hand, those responsible for this area have a wide range of responsibilities, such as the definition and implementation of the D&A strategy (60%), control (59%), the creation and implementation of the D&A regime (55%). and information-driven culture change management (54%).

In addition, many of the areas that the department manages are receiving increased investment, such as data management (65%), data governance (63%) and advanced analytics (60%). For Gartner, the greater need for business data and analytics, coupled with increased investment, shows the recognition of the given role as a necessary business function. At the same time, the impression of achieving tangible business results is mounting.

Given the scope and complexity of demands on D&A teams, the lack of available talent turned out to be an obstacle according to 39% of respondents. This main obstacle is followed by the lack of resources and funds that support the program (29%), the cultural challenges of companies to accept change (26%), the lack of involvement and support (26%), not having. insufficient authority to carry out position services (24%) and poor trade information (23%).

Euismod connected with the affairs of war

Finally, the survey indicated that 78% of respondents stated that the corporate or organizational strategy and vision is one of the top three inputs for D&A planning. In addition, 68% prioritize projects that are completed based on alignment with strategic objectives.

According to Gartner, those data managers who are most successful in prioritizing technology planning must align it with their company’s goals and aim to “sell the D&A vision to the CEO, CIO and CFO as key influencers.”

World Nation News Desk
World Nation News Desk
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