Data analytics has the power to transform how organizations operate, manage human and financial resources, and ultimately create value. Information Week brought this interesting information to our attention in their article, “4 Ways to Make Data Analytics More Efficient.”
CEOs and other top executives understandably tend to avoid getting in the weeds. The complexity of the methodologies, the increasing importance of machine learning, and the sheer scale of the data sets make it tempting for senior leaders to leave it to the experts. Advanced data analytics, however, is a quintessential business matter for all company officers.
CEOs and other top executives must be able to clearly articulate the purpose of data analytics and translate it into action, not just in an analytics department but throughout every department in the organization utilizing the insights.
Data-driven business leaders need both to understand the difference between studying and deciding and to make clear to their teams what level of confidence and accuracy is needed.
Making the content findable is important to knowledge management and analytics. Access Innovations is one of a very small number of companies able to help its clients generate ANSI/ISO/W3C-compliant taxonomies and associated rule bases for machine-assisted indexing.
Melody K. Smith
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