Most businesses these days are collecting and analyzing data to help them make better decisions. However, in order to do this effectively, they need to build a data analytics organization. This involves hiring the right people with the right skills, setting up the right infrastructure and creating the right processes.
In this article, we’ll take a closer look at what it takes to set up a successful data analytics organization. We’ll start by discussing the importance of having the right team in place. Then we’ll look at some of the key infrastructure components that need to be put in place. Finally, we’ll discuss some of the key process considerations that need to be taken into account.
A data analytics organization is a critical component of any business that wants to make decisions based on data. The most important thing to keep in mind when setting up a data analytics organization is that it’s not just about hiring the right people. You also need to make sure you have the right infrastructure and processes in place.
The first step is to hire the right team. This includes people with expertise in data analysis, as well as people with the necessary technical skills. You also need to make sure you have people with the right business skills, such as project management and communication skills. The following represents expertise of key staff members:
Once you have the right team in place, you need to make sure you have the right infrastructure in place. This includes things like a data warehouse, a data lake, and a BI platform. You also need to make sure you have the necessary tools and technologies, such as SQL, Python, R, and Hadoop.
Finally, you need to make sure you have the right processes in place. This includes things like data collection, data cleansing, data transformation, and data analysis. It’s also important to have a process for sharing insights with decision makers across the organization.
The following represents key teams and related expertise / experience in different domains including technology, product and project management and operations, you need in your data analytics organization:
There are a few key infrastructure components that any business needs in order to set up a data analytics organization. The first is a Data Warehouse. A data warehouse is a system that stores data in a way that allows for easy analysis. It’s important to have a data warehouse that can handle the volume and variety of data that you’re collecting. Examples of some of the popular data warehouse platforms are Amazon Redshift, Google BigQuery, and Azure Synapse Analytics.
The second key component is a Data Lake. A data lake is a system that stores data in its original format. This allows businesses to store all of their data in one place, which makes it easier to analyze. Examples of some popular data lakes are Amazon S3, Google Cloud Storage, and Azure Blob Storage.
The third key component is a BI platform. A BI platform allows businesses to analyze their data and get insights from it. It’s important to choose a BI platform that has the features and capabilities you need. Some of the popular BI platforms are Tableau, Qlikview, and Power BI. Cloud based BI platforms include Google Data Studio and Amazon QuickSight. Data visualization experts and data analysts will primarily be using the BI platform to extract insights from data.
The fourth key component is a Big Data platforms for data analytics. Big data platforms are designed to handle large volumes of data. They’re also able to process data in real-time, which is important for data analytics. Some of the popular big data platforms are Hadoop, Spark, and Hive. Cloud based big data platforms include Amazon EMR and Google Dataproc. Data engineers will be responsible for setting up and maintaining the big data platform.
The fifth key component is a Machine learning platforms. Machine learning is a type of artificial intelligence that allows businesses to get insights from their data without having to write code. Some of the popular machine learning platforms are Amazon Sagemaker, Google Cloud ML Engine, and Azure ML Studio.
The sixth key component is a data governance platform. A data governance platform helps businesses to manage their data. It’s important to choose a data governance platform that has the features and capabilities you need. Some of the popular data governance platforms are Data Quality Management (DQM) platforms and Data profiling tools.
The seventh key component is a project management tools. A project management tool helps businesses to manage data analytics projects. It’s important to choose a project management tool that has the features and capabilities you need. Some of the popular project management tools are Jira, Asana, and Trello.
When building a data analytics organization, you need to make sure you have the right processes in place. This includes development processes, hiring processes and deployment processes.
There are three main types of data analytics organizations: centralized, decentralized and hybrid.
Building a data analytics organization can be a daunting task. However, by taking the time to plan and organize your efforts, you can create a successful data analytics operation that helps you make better decisions. The key team members for a data analytics organization include developers, analysts and business experts. The key infrastructure components include a Data Management platform, SQL tools, programming languages and big data platforms. The key process considerations include development processes, deployment processes, hiring processes and data management procedures. There are three main types of data analytics organizations: centralized, decentralized and hybrid. Each type has its own advantages and disadvantages. By understanding the different types of data analytics organizations and choosing the right one for your needs, you can create a successful data analytics operation.
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