Lifescale Analytics addresses this issue with an iterative and business-focused approach. What we deliver is usually more exploratory in nature – meaning you can discover new data points and data relationships to better understand your business. LSA staff will work with you to delve deeper into your data to find the connections that reveal the answers to your business needs; for example, enabling you to explore and learn what is really happening in your territory or region.
This particular use case will assume that an appropriate analytic data source exists (e.g., data mart, data warehouse, etc.). If such data sources do not exist, we will work with you to create them. First, LSA staff will work with you to gain a clear understanding of your business issue or need. We will then create a prototype solution for you to view.
Typically, a prototype can be delivered within a week and serves as the starting point for discussion within your business. Following an iterative approach, the outputs of each review session are incorporated into the working prototype, the outputs feeding into each new version of the solution. Many times, the data shown during these sessions will reveal new insights and new solutions, enabling the business to adjust their focus at speed.
The number of iterations depends on many factors: data quality and completeness, availability of key business resources for review sessions and rigorous testing, and how comfortable the business is with analytics.