Applied Insurance Analytics: A Framework for Driving More Value from Data Assets, Technologies, and Tools

8. Organization and Implementation

Analytics continue to evolve as business needs change and as new capabilities become available. A BI or analytic strategy also needs to adapt. Processes, people, and technologies are all required to maintain and update the strategy. A BI Competency Center (BICC), sometimes also called a BI Center of Excellence (CoE), is key to addressing all three of these areas.

BICCs have been around for several years and continue to exist for good reason; they are effective in governing priorities, sharing best practices, managing costs, selecting tools, driving analytic adoption, and advocating analytic culture development. Organizations with a BICC deliver higher levels of insight, make better use of information assets, ...