Executive Summary
Organizations analyze the data they collect in a myriad of ways, providing insights and guiding decision-making through mathematics-based metrics. The resulting information can be distributed via traditional reports, visualized in a variety of displays, embedded in applications and increasingly is being used to drive artificial intelligence and machine learning algorithms. Today’s world runs on data, so to succeed organizations must use analytics to understand, plan and improve their operations.
Analytics can be used across every department in an organization, across the lines of business and IT, and can guide workers at all levels to understand and act more effectively. Organizations use analytics to track costs, create staffing plans, assess employee and supplier performance, identify variances and plan corrective actions. Analytics also help employees to coordinate actions and business processes toward a common mission and specific objectives.