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Strategies for data analytics projects in business performance forecasting: a field study

Data analytics is applied in various fields, including business performance forecasting, but companies struggle with its implementation. Following a cross-sectional field study approach, we make two contributions. First, we elaborate on the central role played by the head controller in generating tr...

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Detalles Bibliográficos
Autores principales: Schnegg, Maël, Möller, Klaus
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer Berlin Heidelberg 2022
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9212708/
https://www.ncbi.nlm.nih.gov/pubmed/35756077
http://dx.doi.org/10.1007/s00187-022-00338-7
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author Schnegg, Maël
Möller, Klaus
author_facet Schnegg, Maël
Möller, Klaus
author_sort Schnegg, Maël
collection PubMed
description Data analytics is applied in various fields, including business performance forecasting, but companies struggle with its implementation. Following a cross-sectional field study approach, we make two contributions. First, we elaborate on the central role played by the head controller in generating trust in analytics solutions and thus, making the project successful. Second, we identify three patterns in the way companies plan, implement, and then use data analytics in the context of business performance forecasting. The two successful patterns are the ones that start with a limited but tangible objective (either in term of information precision, or rapidity of processing) that can be expended in a second time.
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spelling pubmed-92127082022-06-22 Strategies for data analytics projects in business performance forecasting: a field study Schnegg, Maël Möller, Klaus J Manag Control Original Paper Data analytics is applied in various fields, including business performance forecasting, but companies struggle with its implementation. Following a cross-sectional field study approach, we make two contributions. First, we elaborate on the central role played by the head controller in generating trust in analytics solutions and thus, making the project successful. Second, we identify three patterns in the way companies plan, implement, and then use data analytics in the context of business performance forecasting. The two successful patterns are the ones that start with a limited but tangible objective (either in term of information precision, or rapidity of processing) that can be expended in a second time. Springer Berlin Heidelberg 2022-04-04 2022 /pmc/articles/PMC9212708/ /pubmed/35756077 http://dx.doi.org/10.1007/s00187-022-00338-7 Text en © The Author(s) 2022 https://creativecommons.org/licenses/by/4.0/Open AccessThis article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/ (https://creativecommons.org/licenses/by/4.0/) .
spellingShingle Original Paper
Schnegg, Maël
Möller, Klaus
Strategies for data analytics projects in business performance forecasting: a field study
title Strategies for data analytics projects in business performance forecasting: a field study
title_full Strategies for data analytics projects in business performance forecasting: a field study
title_fullStr Strategies for data analytics projects in business performance forecasting: a field study
title_full_unstemmed Strategies for data analytics projects in business performance forecasting: a field study
title_short Strategies for data analytics projects in business performance forecasting: a field study
title_sort strategies for data analytics projects in business performance forecasting: a field study
topic Original Paper
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9212708/
https://www.ncbi.nlm.nih.gov/pubmed/35756077
http://dx.doi.org/10.1007/s00187-022-00338-7
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