Question

What other possibilities are there for locating a Business Analytics Competency Center in an organization? When might one of these other options be appropriate?

Answer 1

The possibilities for locating a Business Analytics Competency Center in an organization are varied depending upon the type of data available and which needs to be analysed. These possibilities depend on the result that the organization wants to achieve through Business Analytics, be it forecasting sales trends, demand forecasting, optimization of opery, cost analysis, workforce effectiveness analysis etc. Based on these different scenarios, the possibilities of locating a Business Analytics Competency Center are enormous in an organization. These other options are appropriate when the organization has set a particular short term or long term goal of sales or revenue increase, workforce productivity increase, cost optimization etc. In all such scenarios, Business Analytics needs to be done in order to ascertain the future trends and patterns and also predict the results based on the historical data.