A new resource from Info-Tech Research Group, a global
research and advisory firm, is addressing common challenges in data
management and offers strategies to align analytics with business
goals. The comprehensive research provides organizations with
actionable frameworks and insights to develop robust reporting and
analytics practices, driving better decision-making and business
outcomes.
TORONTO, July 30,
2024 /PRNewswire/ - As organizations strive to make
data-driven decisions to stay competitive and responsive in a
fast-paced market, they often face challenges in effectively
leveraging reporting and analytics. In a new research-backed
resource, Info-Tech Research Group explains that the sheer volume
of data and the need for accurate insights can overwhelm even the
most advanced IT teams, leading to inefficient processes and missed
opportunities. To address these challenges, Info-Tech Research
Group has released its latest blueprint, Build a Reporting and
Analytical Insights Strategy. This comprehensive resource
offers actionable research insights and analyst guidance to help IT
leaders and their teams build effective reporting and analytics
practices that align with business goals and drive improved
outcomes.
"Self-service capabilities are recognized as one of the top
features that contribute to increased usage and adoption of
business intelligence (BI) and analytics solutions," says Ryui
Sun, research analyst at Info-Tech Research Group. "Self-service
BI tools are becoming prevalent because businesses want more
control over their data, signaling a move toward a more federated
operating model for the BI team, as well as a focus on customers
and service delivery."
Info-Tech's newly published blueprint emphasizes the importance
of aligning reporting and analytical insights strategies with
organizational goals. According to the firm's research, many
organizations struggle with data silos, inconsistent data quality,
and the lack of a cohesive strategy, leading to inaccurate insights
and a lack of trust in data. The Build a Reporting and
Analytical Insights Strategy blueprint provides a structured
approach to overcoming these challenges by offering detailed
methodologies for data integration, quality assurance, and strategy
development. This methodology ensures that organizations can rely
on their data to make informed decisions and drive business
success.
"Success in technology and data leadership is contingent on
the ability to effectively manage the move toward a federated
operating model," explains Sun. "To support this change, it
is essential to follow human-centered design practices and deliver
the outstanding reporting and analytical insights that stakeholders
demand."
The blueprint highlights the need for organizations to adopt
best practices in data governance and integration, ensuring data
quality and consistency across all reporting and analytics
activities. By implementing these practices, organizations can
create a unified data environment that supports strategic
decision-making and operational efficiency. Info-Tech also provides
insights into developing a culture of continuous improvement,
enabling organizations to adapt to evolving business needs and
technological advancements.
Info-Tech's resource advises the following four key elements to
help organizations build an effective reporting and analytical
insights strategy:
- Align Organizational Strategy With Reporting and Analytics
Insights Strategy: Establish a clear business context to align
the BI team with the most critical needs of business customers and
the strategic priorities of the organization.
- Choose and Customize Operating Model: Select the
appropriate BI operating model based on the existing BI environment
and business requirements.
- Build a Reporting and Analytics Insights Strategy:
Assess current BI maturity and define the future state to provide a
benchmark for the BI program.
- Create a Strategy and Initiative Roadmap for Continuous
Improvement: Develop a comprehensive BI strategy and roadmap to
guide continuous improvement and ensure the BI program is fit for
purpose.
Info-Tech's blueprint equips IT leaders with the knowledge and
tools to foster a data-driven culture within their organizations.
By implementing the outlined strategies, organizations can enhance
their decision-making processes, improve operational efficiency,
and achieve better business outcomes. The firm's insights ensure
that organizations can build a resilient and adaptable BI framework
that not only meets current demands but also evolves with future
technological advancements and business needs.
For exclusive and timely commentary from Info-Tech's analysts,
including Ryui Sun, an expert in reporting and analytics, as well
as access to the complete Build a Reporting and Analytical
Insights Strategy blueprint, please contact
pr@infotech.com.
Info-Tech LIVE 2024 Conference
Registration is now
open for Info-Tech Research Group's annual IT conference,
Info-Tech LIVE 2024, taking place September
17 to 19, 2024, at the iconic Bellagio in Las Vegas. This premier IT industry event will
also offer journalists, podcasters, and media influencers access to
exclusive content, the latest technology research and trends, and
the opportunity to interview industry experts, analysts, and
speakers. To apply for media passes to attend the event or to gain
access to research and expert insights on trending topics, please
contact pr@infotech.com.
About Info-Tech Research Group
Info-Tech Research
Group is one of the world's leading research and advisory firms,
proudly serving over 30,000 IT and HR professionals. The company
produces unbiased, highly relevant research and provides advisory
services to help leaders make strategic, timely, and well-informed
decisions. For nearly 30 years, Info-Tech has partnered closely
with teams to provide them with everything they need, from
actionable tools to analyst guidance, ensuring they deliver
measurable results for their organizations.
To learn more about Info-Tech's divisions, visit McLean &
Company for HR research and advisory
services and SoftwareReviews for software buying
insights.
Media professionals can register for unrestricted access to
research across IT, HR, and software and hundreds of industry
analysts through the firm's Media Insiders program. To gain access,
contact pr@infotech.com.
For information about Info-Tech Research Group or to access the
latest research, visit infotech.com and connect via
LinkedIn and X.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/advanced-reporting-and-analytics-key-to-exponential-it-and-data-agility-in-the-modern-digital-market-says-info-tech-research-group-302210097.html
SOURCE Info-Tech Research Group