Research & Insights

Valuing Analytics: Return on Investment (ROI) and Returned Business Value (RBV)

By Doug Mirsky, Jul 17, 2018

Available to Research & Advisory Network Clients Only

What is the value of analytics? This research brief discusses methods of assigning value to advanced analytics efforts and communicating it to stakeholders.

Read More »

Profit and Loss (P&L) statements permeate businesses due to the need to track how a business is performing at overall, business unit, and even project-by-project levels. This blog raises a question: why shouldn’t an analytics plan be expected as a part of the business plan for any major initiative just like a P&L is?

Read More »

Inquiry Response: Preparing Sensitive Data Sets for Wider Use

By IIA Expert, Jul 09, 2018

Available to Research & Advisory Network Clients Only

Inquiry:

What are the best practices for anonymizing workforce data such that we can share the data with analysts outside the HR organization who can help our analysts solve business problems?

Read More »

Inquiry Response: Distinguishing Hype from Valuable AI Technology

By IIA Expert, Jul 05, 2018

Available to Research & Advisory Network Clients Only

Inquiry:

AI vendors reach out to us all the time. Our focus is on Natural Language Processing (NLP). How do we distinguish between AI hype and valuable AI technology?

Read More »

Data-savvy hybrid professionals are needed because AI-based task automation can lead to the transformation of jobs in many domains, including the law. These transformed jobs encompass a new mix of tasks, requiring regular interaction with intelligent machines and the underlying data. Who will fill these transformed jobs and new jobs in the law?

Read More »

Inquiry Response: Tackling the Data Trust Issue

By IIA Expert, Jul 03, 2018

Available to Research & Advisory Network Clients Only

Inquiry:

One of our analytics challenges centers around data lineage and trust. People question where the source data came from and whether it’s trustworthy, which results in time-consuming traceability exercises to translate our results into terms that the end user can relate to. Is there a technological solution that can trace data lineage and reconcile data sources?

Read More »

Evaluating the Risk of Analytics Partners for Your Enterprise

By Bill Franks, Jun 28, 2018

Available to Research & Advisory Network Clients Only

How do you choose the right vendor partners to move your analytics program forward? Large organizations today need to partner with vendors to successfully build, deploy, and maintain enterprise-level analytics programs. In today’s world, however, there are so many potential vendor partners that it is hard to know where to begin. An often under-addressed aspect of evaluating which partners to invest in is the need to look at the inherent risk a potential partner brings to the table along with its compelling offerings. This research brief provides a framework for evaluating the risks of potential analytics partners. By developing a consistent and complete approach to assessing risk, an organization will help itself make better investments and, therefore, improve its analytics performance.

Read More »

Organizing Analytics: Your Questions Answered

By Robert Morison, Jun 27, 2018

During the Organizing Analytics Teams webinar, Bob Morison and Bill Franks discussed organizational models and techniques for analytics groups. Interest was high and more questions came in than we had time to cover completely. This blog covers nine of the unanswered ones.

Read More »

Predictive Analytics World 2018

By Bill Franks, Jun 26, 2018

Available to Research & Advisory Network Clients Only

IIA attended the Predictive Analytics World (PAW) show in Las Vegas, June 6–7, 2018. This year the show had a new format called “Mega PAW” where a number of (previously individual) PAW shows were all housed together under one roof. Some of the keynotes were shared by all attendees, while the breakouts were segmented by topic. All of the sessions IIA attended were in the business track. In this event summary, the key points from each session attended will be provided, as will some commentary on IIA’s thoughts about the topic.

Read More »

Inquiry Response: The Potential For Augmented Reality Wearables

By IIA Expert, Jun 25, 2018

Available to Research & Advisory Network Clients Only

Inquiry:

We’re in the research phase for using augmented reality and right now are especially interested in wearable (hard hat) tech for employees in the field. What should we be thinking about and what is the right way to get this effort off the ground with the business units?

Read More »