|Saturday, February 23|
|CS14 Theme 3: Prediction and Analytics #3||
Sat, Feb 23, 9:00 AM - 10:30 AM
Transforming The Corporation To Fully Leverage Business Analytics (302389)
Keywords: Big Data, Business Analytics, Leadership, Organization, Planning
In this era of Big Data, fully leveraging Business Analytics/statistics requires corporations to change their culture, organization, and leadership. We will discuss what needs to change based upon lessons learned at various corporations, including AIG, AstraZeneca, Fannie Mae, Citigroup, Infosys, PwC, etc. The three main topics are: Leadership, Planning, and Organization. Leading business analytics requires an understanding of the business AND analytics at the same level of proficiency as the quants they lead. The proper training and experience are necessary to recognize analytics solutions to business problems; and to lead effectively. Planning analytics investment requires assessing our corporate analytics needs and evaluating our capabilities. We will provide two real-world examples to illustrate how to assess our needs, which is usually the stumbling block. We will discuss the components of an extended analytics team. We will discuss a number of case studies illustrating failures. Improved organization will better facilitate integrating analytics into the decision making. This presentation is based upon findings in 'A Practitioner's Guide To Business Analytics.'