Answer the two questions in 400-500 words with reference support. Background: On

Question

Answer the two questions in 400-500 words with reference support.

Background: One must work closely with internal and external stakeholders to identify success metrics, key performance indicators (KPIs), key revenue indicators (KRIs), benchmarks, and end-state goals. Once this critical basis is established, technologists may then design a list of business requirements and factors that may be evaluated against enterprise level analytics platforms available in the marketplace.

1) What factors drive an organization's selection of a best-in-class analytics platform?

2) What types of success metrics, KPIs, KRIs, benchmarks, end-state goals, or enterprise level analytics platform features constitute as potential high priority factors when determining which platform to purchase and integrate?

Explanation / Answer

1) Factors drive an organization's selection of a best-in-class analytics platform

Establishment of basis :- Here basis are again some major factors that effect the selection of best in class analytic platform. As analytic platform is a unified and proper solution designed to adddress the demands of users, so for such unified solution which meet the demand of user it need to work closely with major factors like internel and externel stakeholders to identify success matrix.

Type of Demands of users :- Dealing with the stakeholder essentially focuses on the demands of users as the solution need to know about for what actually solution is going to be for. As the demand contains both expensive as well as economical requirements which helps in the selection of a best-in-class analytics platform.

Operating Cost :- One of the major role played by by the cost put on whole process opertaion, it used to decide the budget of the whole project which should be minimum as per the management as business need so on dealing with the stakeholders and taking demands of them using different sources need some cost which becomes one of the factor for an organization's selection of a best-in-class analytic platform.

Availability of human resources :- All programs need small or large human rersource as per the requirement of the program. So on selecting best analytic program one must be sure that company have sufficient as well as skilled worker(human resource) for the accomplishment of a program.

Availability of Technology :- When technologist design a list of business requirement and factors that may be evaluated against enterprise level analytics platforms they must focus on the available technology their company have and also is the new establishment of any technology will be compatible with the current working as well as governance of a company.

2) Types of success matrix, KPI's, KRIs, benchmarks, end-state goals, or enterprise level analytic platforms features constitute as potential high priority factors when determining which platform to purchase and integrate.

Success Matrix :- It constitute as a high factor when determining which platform to purchase and integrate, as liquidity of a business deals with the success matrix which should be highly liquid that results to be the less creditors of the business leads to high credit worthyness of the business so that if operation cost go high it should be maintained by the liquidity of business. Other than that also turnover of a business which is the symbol of success of any business also joins in the determination of platform as it tells the ability to absorb any problems of the stakeholder and by this technologist can also provide the best solution they can.

KPI's (Key Performance Indicators) :- They constitute as a high priority factors as the performance is the element which is used to define the value of the platform, as performance tells about what kind of expectation is there and how that value is evaluated accordingly.
Performance is ratio between value and expectation thus it constitute as a high priority factors when determining which platform to purchase and integrate.

KRIs (Key Revenue Indicators) :- Revenue is something which deals with the operations and its cost during the working time of project and we are talking about the purchase of the platform thus on determining the platform revenue indicators constitute as high potential factors.

Benchmarks :- Benchmark means setting up of highest rank performance, highest in terms of technological performance or in terms of expensive budget(high revenue). So after looking at bechmarks of the business which was being set-up earlier analyst determine the purchasing and integrating of a platform.

End-State goals :- After integration of the platform business used to start working on finding the solutions for the demands of customers also business has its predefined objective for the year which are end-state goals of the business and our platform used to create the solutions for those goals and objectives thus it constitutes as a potential high priority factors when determining which platform purchase and integrate.

Enterprise level analytics platform :- This constitute as potential high priority factors when determining which platform to purchase and integrate as it tells about the current status of the working of the business for similar works. Factors given above.

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.