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Embedding Application-Specific Analytics

E7

Make use of canned or bundled data analytics by developing trust with equipment suppliers who have embedded domain-specific analytics in their equipment.

Improvement Planning

Practices-Outcomes-Metrics (POM)

Representative POMs are described for Embedding Application-Specific Analytics at each level of maturity.

2Basic
  • Practice
    Use automation when the problem is relatively straightforward — i.e. for tasks where there is a clear, predefined sequence of steps that can be transitioned from a human to a machine (for example, to filter out negative values).
    Outcome
    The speed and efficiency of data analytics is improved, and staff are freed up for more productive activities.
    Metric
    Number of manual data analytics steps that have been automated.
3Intermediate
  • Practices
    • Use machine learning to determine how certain features of the data are related to the outcomes you might be interested in.
    • (Please note machine learning is suitable only for problems that require prediction rather than causal inference, and that are sufficiently self-contained or relatively insulated from outside influences).
    Outcome
    Machine learning eliminates guesswork by gathering and analysing large volumes of data to optimally leverage the resulting insights.
    Metrics
    • Number of insights gained by machine learning.
    • Value of insights gained from machine learning.
4Advanced
  • Practice
    Decide where machine learning can be embedded, based on data suitability/quality and the tolerance for exceptions or statistical errors.
    Outcome
    Some embedded analytics are used and are rolled up to organizational data analytics.
    Metric
    Percentage of embedded machine learning used by the organization.
5Optimized
  • Practice
    Use vendor research and internal feedback to build trust with vendors to both influence development and to provide completely embedded solutions.
    Outcome
    Embedded analytics are used exclusively in areas where trust in the vendor is justified.
    Metric
    Percentage of embedded (vendor provided) analytics.