Big Data Analytics is no more an emerging field. It’s an established&potent competitive advantage. (Or disadvantage if you are not leveraging it).
An Analytics centre of excellence (CoE) establishes an Institutionalized analytics process to extract & utilize knowledge from massive& disparate data sources in the context of the business process, organizational priorities and stakeholder decision points.
An Analytics COE builds a culture of intelligent data-based decision making. It does not replace human judgement or creativity. It rather augments it, enabling organizations to build more efficiency within their business processes and drive the improved effectiveness of every dollar spent in the marketplace.
COMPONENTS OF AN ANALYTICS COE
An analytics Centre of Excellence has four fundamental functions which aim to consistently deliver actionable insights and institutionalize knowledge within the function or organization.