Which is the best model for Institutionalizing Analytics: Centralized, Decentralized or Federated?
If you hang around Mu Sigma (or this blog) long enough, you’ll hear us refer frequently to the notion of Institutionalizing Analytics.
That means making analytics a part of your ongoing business processes – weaving it into decision making across the organization.
There’s no doubt that institutionalizing analytics leads to better decision making – but there are three different options for doing it: creating a Centralized analytics function, creating a Decentralized analytics function, or a Federated approach.
Which is best for you? The answer, I’m afraid, is “It depends.” Each has its pros and cons. There is no “one right answer”.