Written by Heather Cole, June 23rd, 2021
Are you ready to create your analytics roadmap? Maybe you had a misstep in the past and are a little gun shy. Well, have no fear, Lodestar is here. Last week we shared with you how to create your analytics roadmap without hiring expensive consultants. Check out last weeks blog here. This week we will take you through the next 3 steps to what Lodestar Solutions recommends for clients that want to start their analytic journey, but don’t have a budget to hire consultants. These are the same steps we take our Cognos Analytics and Planning Analytics clients through that need help creating their analytics roadmaps.
4. Engage Data Experts
The one thing every analytics journey needs is good, clean data. So, the next step is to find out who are the data experts in your organization and explain to them your idea. Even if you know where the data is do not tell them you need access to a particular data source, rather ask them how they think you could get the data you need. They are the keepers of the data. You want to honor their role and that sometimes you do not know the best place to get the data. Most organizations have data lakes, mart, source systems… all containing valuable information. But only the data experts know where you should get the cleanest data.
Want to know more about clean data? Check out this Forbes blog The Death Of Dirty Data: The Importance Of Keeping Your Database Clean.
5. Create a Pilot Plan for Your First Analytic Destination
Now that you have an idea of what challenge you are tackling with data and analytics, and you identified the stakeholders and data experts, it is time to create a plan to pilot your analytics idea. The great thing is even if you do not own a robust Business Intelligence like Cognos or Planning software like IBM Planning Analytics today, you can do this in Excel. I believe you need to work with what you have available to prove your theory. If you have heard me speak, I often talk about the MacGyver approach to analytics. Here’s a link to an earlier blog I wrote on the MacGyver approach, The MacGyver Approach to BI and Analytics when you have limited resources.
For IBM Cognos Planning Analytics Clients: If you happen to own Cognos Planning Analytics (TM1) you are set! I love Cognos Planning Analytics for building your analytics pilot. Cognos Planning analytics can bring in data from multiple data sources and allow you to model and report off the information. The latest version of Planning Analytics (Workspace) even has dashboarding capabilities in IBM. For more information on the latest version of Planning Analytics Workspace check out our blog, What’s New in Planning Analytics Workspace Version 61 and 62.
Regardless of the tool you are using, remember, this is a pilot. As soon as you create your analytic dashboard, report or scorecard, someone will say, “can you have it do….” But that is okay. This is an agile process. Your goal should be to create a deliverable that you can share with the stakeholders and get their feedback.
6. Deploy For your First Analytic Destination on Your Roadmap
Now that you have a plan, it is time to deploy your plan and start your journey on your analytic roadmap. It does not matter what tool you are using, whether it is in Excel, IBM Cognos Planning Analytics, or another tool, you must just start! It will not be perfect, it will need modification, but you started! And getting started is the first step in any journey.
As a smart person once said (not me originally),
“You don’t have to be great to start. But you have to start to be great!”
It is important to know that U-turns and rerouting during your journey is absolutely okay! That is how we refine and improve.
7. Repeat Steps 1-6
Once you have accomplished steps 1-6, guess what? It is time to celebrate and repeat the process with another analytic idea. Like any good journey your analytic adventure will not just have one destination. It will have many and like life will continue to evolve as your organization and the world changes.
Need Help with Your Analytics Roadmap?
If you need assistance or want to have someone help you facilitate discussions around your Analytic Roadmap, reach out to me at firstname.lastname@example.org.
I am so excited for you to start your adventure. If you have tried to start and had a misstep, don’t worry. Lodestar Solutions has your back! We are happy to discuss your specific journey and challenges.
We are hosting a complimentary webinar for you to ask questions.
How to Create your Analytics Roadmap without Hiring Expensive Consultants
Thursday June 24th, at 12:30 PM Eastern
To Register click here.
In the How to Create your Analytics Roadmap without Hiring Expensive Consultants webinar I will share stories from decades of implementing analytic solutions including Cognos Analytics and Planning Analytics. I will also provide additional secrets to success to create your Analytics Roadmap.