Analytics current state as analyzed basis our research and response from various companies and executives we trained on Business Analytics specifically around Supply Chain

Key Points emerging from the research
  • Data is still the major issue with Data Quality and Cleaning cited as major issue among the data categories.
  • Business teams struggle to find the right data for analysis even if they think data is being generated in their systems, analyzing is cited as another challenge for analysis.
  • Lack of clarity in terms of Objectives of analysis cited as the key issues under Organization level issues
  • Lack of initiatives to be data driven is a major issue at Organization level
  • Systems and tools for analysis doesn’t seem to be that big a challenge pointing to various BI tools prevalent in market and their usage in organizations.
What they expect from Analytics Systems

Data

  • Data easily understood and labelled in business Terms
  • Access to Data across business functions
  • Predefined KPI’s which are regularly used to measure performance
  • Analytical Model created around specific areas like ‘Supplier Tail Spend’, ‘Process efficiencies’ etc.

Training

  • Training on Data cleaning, Modelling, and exploring for analysis
  • Training on technologies / techniques like Machine Learning, Optimization, Simulation to help them identify use cases where these techniques can help solve business problems

Organization

  • Org level Objectives and Big Picture communicated clearly at all levels
  • Ability to decide the lower level KPI’s to meet the overall business objectives