Featured Article:
Author: Vinodh Ramachandran, Neiman Marcus Group
Through my experience working for large retail GCCs I. have observed that most retailers, in addition to having a central data & analytics team (typically within tech rolling up to the CIO), also have analytics teams within the businesses running independently and managing all their data, reporting and analytics requirements. The reasons for businesses to have their own analytics teams is typically agility and ability to make faster decisions. However, this structure unintentionally creates silos within the organization creating a few non-desirable outcomes:
There are many more challenges, but I can think of these top 5 outcomes of a siloed working model within large retailers.
This is where a GCC (Global Capability Center) can truly make a difference. GCCs can be envisioned as a bridge that connects all these silos within the organization. Most of the GCCs that I have been part of have always started with a CoE (Center of Excellence) model and have evolved over time to ensure:
In my next blog, I will elaborate on how to structure your Data & Analytics CoE to drive all the above 3 outcomes.
I would love to hear more on some challenges you have faced specifically in Data & Analytics teams. Comment/DM your thoughts.
Follow me to hear more about my experiences and suggestions for scaling up GCCs, especially in retail
#gcc #coe #retail #analytics #data&analytics #scaleup
Disclaimer – All views expressed here are strictly personal and do not represent any company or team or individual
According to NASSCOM, India is home to almost 1600 GCCs and this number is set to grow to 2000+ in the next 3 years. A lot of companies are looking at GCCs as a way to tap into the vast talent pool, scale faster and cheaper and transform they way they do business, either to stay relevant or leapfrog competition.
As I close in on 2 decades of GCC experience, specifically in retail, I would like to share some of my observations in setting up GCCs. Watch out for a series of articles on a variety of GCC related topics. I wanted to start out with my point of view on scaling up a Data & Analytics CoE in the GCC. Give it a read and let me know what you think.
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