Building Advanced Analytics Foundations

This chapter highlights the crucial interplay between developing people, processes, and systems to foster effective advanced analytics in organizations. It discusses the balance between self-service analytics and specialized roles, emphasizing the need for a solid foundational approach to drive insights across departments like finance and sales. Additionally, it addresses the technical aspects of building a robust BI technology stack and the importance of actionable insights over mere data visualizations.

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CJ delves deep into the world of analytics in this interview with Jesper Sorensen, the CFO of Mambu, a leading fintech and banking platform in Europe valued at over $5 billion. Jesper, who has authored three books on analytics, introduces the Analytics Escalator—a framework for unlocking real value through descriptive, diagnostic, predictive, and prescriptive analytics. In the discussion, Jesper covers everything from getting started with analytics and deciding where it should sit within an organization to identifying key opportunities, building a solid BI tech stack, and understanding the role of analytics tools and data lakes. He outlines the journey to creating a high-impact analytics function within a company, emphasizing the critical interplay between people, processes, and systems in fostering a thriving analytics culture—and shares practical advice on how to achieve it.

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@cjgustafson222 (CJ)

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TIMESTAMPS:

(00:00) Preview and Intro

(02:01) Sponsor – RightRev | Brex

(04:53) Jesper’s Pre-CFO Career

(06:50) The Huge Success of Mambu

(10:40) Understanding What Analytics Is

(13:56) Sponsor – Planful | Vanta

(16:02) Where Analytics Should Sit in the Org

(20:12) Model for Serving a Team’s BI Needs Internally