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Computing Anlytics

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Submitted By tamizhvanan
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Competing on Analytics

Organizations started realizing the needs and interest of the customer’s and make business by satisfying these specific needs. Analytics plays a vital role in this process. This analytics helps with different business process for the industries with similar product and technologies. Eventually these organizations competing with analytics are the leaders in their respective fields. The below context explains the characteristics of Analytics and practices that are essential for analytic competitors. Widespread use of modeling and optimization - Analytics looks beyond statistics and use predictive modelling to identify the comprehensive needs of the customer. Analytical leaders with great stack of knowledge conduct experiments based on the result, they improve the consequent analyses.
An Enterprise Approach – Generally analytical activity are need to be carried out at enterprise level .Analytical competitors understand that most business functions are dependent on the quantitative techniques. These quantitative analyses are performed by experts with centralized data from different parts of the organization and pertain to standards.
Senior executive Advocates – As a result of analytics the company may incur changes in culture, process, behavior and skill for many employees. Generally Low level people lack the informal perspective for the change in culture. A strong leadership is required from top management with passion for the quantitative approach.
The trend in analytics grows faster that all the decisions are taken based on the results of the experiments. Analyst apply a mixture of search factors across the data in order to find the success factors. And sometimes Analyst encourage universal fact based decisions.
Analytics practitioners not only measure themselves they also lend their customers and vendors to measure them. For

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