In times where analytics is being used everywhere I think it is high time that universities and colleges all over the world start using analytics to become an analytical competitor. Anna University, College of Engineering Guindy, where I studied is one of the 523 engineering colleges affiliated to Anna University in the state of Tamil Nadu, India. Competing on analytics would help CEG to differentiate itself among the 523 colleges.
The college was started early in the year 1930’s, so there are large amounts of data for analysis. As there are enormous amount of quality data to run an analysis. Another disadvantage is the lack of many analytical experts in the Governing Body. This doesn’t mean that CEG needs a group of data scientists but
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Activities like Student exchange programs, summer programs, and internships serves as a melting pot for Indian culture. This will prepare the Indian students to work in European industries and help the French students to work in Indian industries. This is one of the distinctive capabilities of the CEG. Very few colleges in Tamil Nadu provide this kind of global exposure. CEG provides five major degrees in engineering. They are Mechanical Engineering, Electronics and Communication Engineering, Electrical Engineering, Computer Science Engineering and Information Technology. Apart from the five major areas of study CEG conducts R&D in several areas like Mechatronics, Renewable energy resources etc. This provides the students with extra skills apart from the curriculum. This is one of the major distinctive capabilities of CEG.
The Governing Body at CEG consists of the Chairman, Vice Chairman, Deputy Chairman, Campus Treasurer, Principal, Dean of studies, etc. It’s not necessary that all of the members have an extensive background in analytics but they should be willing to start using analytics for the betterment of the college, as it would eventually spread throughout the organization. But it would anyhow be of great help if the next generation of the governing body knows the importance of using analytics and starts making decision based on it rather than on experience or guess work.
At present CEG does not have an enterprise level approach
Plotting my exam scores on a graph to see my performance on a subject was an activity back in my school. The ups and downs on the graph helped me identify my positives and negatives. As a kid, this kindled my passion towards analytics. While studying engineering at Kumaraguru College of Technology, I had to carry out various analyses for my experiments and projects. This further developed my interest in analytics. Being a part of the League for Entrepreneurial Empowerment and Development (LEED), gave me an opportunity to start a business at college.
The primary test business insights appearances are assembling the vital information about the business. The key for get-together information is computerizing the methodology.
Accenture a pioneer in the industry is competing on analytics and positioning itself on the top globally. This company is rising on analytics for its distinctive capabilities, viz., Global Experience, Focus on Results, Validated Leadership Assessment, Extensive Industry and Client Experience, Commitment to Innovation and Proprietary Research and Distinctive Approaches to Learning and Development.
In today’s companies, the analytics software plays the important role and guides the future activities to a great extent.
The concept of Business analytics is a component of business intelligence, it has evolved in recent years and now in the for front center of business. With the growth of technology and the continuing improvement
Evolent has a commitment in being able to compete on analytics as this is one of the key drivers of our business model. Thus, senior management is committed to have a consistent and global approach to analytics. There is a deep-rooted drive to collect data to continually build on information and how this affects the outcomes that can be obtained. The ability to predict what outcomes are needed based on captured historically and current data is essentially for the organization to contain costs and differentiate itself from the industry.
I am looking forward to sharing ideas with other managers in my position facing similar difficulties and the Marketing Analytics course will provide the skills required to work more effectively with my marketing partners. My future plan is to move into a role with more emphasis on data analysis or management at a higher level, so The Web Analytics for Business and Enterprise Risk Analytics courses will help me move to the next step in my
In Competing on Analytics by Thomas Davenport and Jeanne Harris, the pillars of analytic completion are stated as: “(1) analytics supported a strategic, distinctive capability; (2) the approach to and management of analytics was enterprise-wide; (3) senior management was committed to the use of analytics; and (4) the company made a significant strategic bet on analytics-based competition” (Davenport & Harris, 2007, pp. 511-512) . This section will describe Aramark’s position within these pillars.
Thinking back to the day the application to SNHU for this Data Analytics Program was submitted, it was months of weighing options before the final decision to take the plunge. There were a few reasons to why this program was chosen. Career growth was definitely the first reason for this motivation. The realization of a need to find a professional ‘me’ was the decision maker. Seeking something interesting yet challenging was the goal. Realizing that calling out anomalies and outliers, seeing trends and patterns is a personal strength, hence, the analytics path was chosen. Working with data and reviewing information has always been something of interest, moreover, and the interest was even deeper
Analytics is using data, performing analyses and adjusting business processes and goals with that information (Davenport and Harris, 2007). Unfortunately, Lighthouse is not creating a competitive advantage with analytics at this time. The data is not available and the emphasis on analytics is not present.
In Analytics at Work: Smarter Decision, Better Results, Thomas H. Davenport, Jeanne G. Harris and
Embrace analytics 2.0: Nichols indicates that senior-level buy-in is essential for the adoption of analytics 2.0.
At the beginning, I would like to give some examples of competing on analytics. We all know the how powerful the kill app is (the extremely most successful and popular software). Over the years, groundbreaking systems from companies such as Otis Elevator (predictive maintenance), American Airlines ( electronic reservations), and American Hospital supply (online ordering) have dramatically risen their creators’ revenues and reputations by using these heralded and coveted applications. These applications amassed and applied date in ways that optimized operations and upended customer expectations to unprecedented degrees. Organizations such as Harrah’s, Amazon, Capital one and Boston Red Sox have dominated their filed by deploying
Figure 1 outlines this author’s view on analytics versus analysis, with increasing technical specialty as one moves from data science (broad discipline) toward data analytics.
Analytics is defined, according to online-behavior.com, as the “process of obtaining an optimal or realistic decision based on existing data.” [1]. Davenport and Harris (2007), defined analytics, as the “extensive use of data, statistical and quantitative analysis, explanatory and predictive models, and fact-based management to drive decisions and actions.” [2]. An article titled Outsmart the Competition by Jackie Zack in Teradata Online magazine states that “analytics can help an organization optimize their business processes to make them effective as possible.” [3]. It is a proven fact that proper use of analytics can lead an organizations to success, providing them with that distinctive advantage over their competitors. In