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Five analytics priorities for 2017

Jan 12, 2017

SearchCIO

By Nicole Laskowski, SearchCIO

Experts at the International Institute for Analytics gathered to talk about their analytics priorities for 2017. Their advice: Formalize the analytics function and push the analytics envelope.

This is the second year the IIA has crafted a list of five analytics priorities in an effort to provide its constituents with a strategy for the year ahead. Last year, the analytics priorities focused on aligning the analytics strategy to the business strategy. This year, the advice focuses on defining roles more clearly and striking the right balance between experimentation and deployment.

Dan Magestro, a former analytics practitioner who worked at Cardinal Health, JPMorgan Chase & Co. and Nationwide Insurance, and who now heads up research efforts at the IIA, led the discussion. He was joined by Robert Morison, an analytics consultant and researcher at the IIA, and Tom Davenport, IIA co-founder and the president’s distinguished professor of information technology and management at Babson College.

The IIA’s five analytics priorities are as follows:

Priority No. 1: Embrace the “new analytics era” of enterprise AI.

Priority No. 2: Fully explore the cloud for analytics development and production.

Priority No. 3: Formalize the analytics function.

Priority No. 4: Create a better balance between innovation and production.

Priority No. 5: Focus on functional analytics.

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