COLLABORATIVE ANALYTICS...PATH TO STAY ABREAST IN FUTURE
How
I should develop Strategy in my Organization? How I will be able to predict the future? How I do I connect internal and external customers? How do I create disruption? These are the most
difficult questions being faced by the CEO and MD of an organization.
Identification of the pole star has become one of the critical aspects for the
survival of this organization.
Data
analytics are being used to identify the patterns for internal business growth.
Well, the same data analytics can be used for creating Collaboration. I would
rather term it as collaborative analytics. Yes, collaborative analytics helps an
organization to solve the critical question raised within the minds of the top
management. Collaborative analytics based on data analytics. Collaborative
analytics can help to reduce cost and also improve efficiency in resource
management within an organization. Data analytics are being deployed to create a solution. The same solution can be achieved through collaboration within every
corner of an organization.
Collaboration
is often and most commonly applied for selling of products or reaching out with
the product to the people. Well, I am not discussing the same collaboration
over here. Collaborative analytics can be deployed to redefine an organization.
Product development done in isolation cannot help an organization to remain
sustainable over the long term. Collaborative
analytics is connecting with social capital, creating a network internally and externally not for sale of products but
for all.
Innovation
can be created through collaboration. Collaborative analytics would help an organization
to identify future trends. The same, when applied within an organization, increase
the cross-department solutions. These cross department solutions improve the organization
output from the internal perspective. Internal COLLOBORATION breaks silos
within an organization. Collaboration helps to create innovative products and
solutions.
Every
organization has huge pool of talent but divided in terms of geography or
divided in terms of P&L. Internal collaborative analytics helps to create synergy
at a higher level. This collaborative analytics
leads to a huge pool of experience and solutions creating to exponential growth
for the organization and makes the organization strong enough in terms of
solution. This new redefined strength enables an organization to take up
complex projects and drive solution. Collaboration
in innovation helps to come out of the fear of gaps of future. General Electric took the collaboration analytics
to bridge the gaps of internal part of the organization where they created collaborative
talent pool to provide innovative solution to its process, products and
consumer.
Collaborative
networks leads to concept development which further leads to engagement and
creating disruption for an industry. The
answerer to any disruption is through collaborative analytics. The biggest boon
of collaboration is that it creates momentum of winning within an organization structure
as well as the organization skills in every corner increases to new level.
When
an organization does face the risk or threat of falling down? When an organization
becomes silos it faces the nightmare of falling down and getting out of competition.
This is a hardcore fact which often is ignored.
Collaborative analytics helps to stay abreast of future developments.
Collaborative
analytics have a direct impact on the bottom line of an organization that too
on a sustainable basis.
But
what makes this collaborative analytics so powerful. Well, when we outsource a particular
segment or work under JV we develop a connection with social capital. This
social capital is of a mass weapon which helps an organization to scale into
new heights.
General
Motors developed collaborative analytics where is acquired many startups, hired
resources and created product and solutions to business. There
are plenty of examples where collaborative analytics have helped organization to
face tough situations. Isolated approach
kills the organizational growth.
Social
capital based collaboration leads an organization to execution focused operational
element to a network of connection that links the entrepreneurial part of
product and service innovation. At the same time the organization internal and
external collaborative efforts raise the scale of the organization.
Collaboration
leads to economies scale and business growth. It’s no longer time to focus only
on collaborate sales. The collaborative analytics is the only path to survive
in the long term.