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The Need For Speed - How Real-Time Data and Analytics Are Pushing the Boundaries of Efficiency

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Having the Right Team Companies today are hard pressed to ensure they have the right human talent in place for their data analytics activities. First off, analytics requires valuable domain knowledge. It requires technical skills, as well as problem-solving and critical thinking capabilities. It also necessitates having the right business acumen and a solid sense of intuition to make sense of the data. "Very few people have this full set of skills," says Dan Magestro, senior manager of advanced analytics at consulting firm West Monroe. "In fact, what is just described is truly a unicorn. But a team of people with these three elements can be even more effective." Sometimes referred to as "blended beings", these individuals have both business and technology skill sets. One of the best ways to drive value in the organization is to show value. "Even the best teams will fail if they aren't delivering analytics solutions that work," says Sangeeta Edwin, director of business intelligence at Rockwell Automation. "Proving the value of your analytics solutions, even incrementally, will help motivate the larger workforce to stay in your corner. After all, your work should make everyone's jobs more efficient and improve revenue streams. Prove you can make that happen." Technology to the Rescue Having the right data is important. Having the right people is important. And having the right technology is important. But technology is never the panacea it has been described as. In an article in the Harvard Business Review, Cassie Kozyrkov, chief data scientist at Google, suggested that even the latest technologies can create issues… especially when sudden change or disruption occurs. THE NEED FOR SPEED | 11

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