Using data analytics to drive an organizations decision-making is dependent upon the organizations readiness to implement data-driven decision-making on multiple fronts. An organizations readiness goes well beyond having the data on which to perform analytics.

An organization must be well developed on each of the following elements for data-driven decision making to take hold:

• Data must exist and be accessible
• The tools to analyze the data must be available
• The talent and training to use the tools must exist within the organization or the organization must be willing to bring in the expertise to run the analyses
• The organization must support a data-driven approach to solving problems and making decisions
• Ultimately, senior leadership must support analytics as a priority and as a way of doing business

Taking these 5 dimensions into account, in a 2 to 3-page paper, assess your organizations (Chase Bank) readiness to engage in a program of data-driven decision making. Where does your organization succeed, and where does it fall short on these elements? Do you feel your organization is well-suited for this undertaking? If so, why? If not, what specifically stands in the way of success?