Learning analytics is absolutely critical in creating an efficient learning ecosystem in organizations. An xAPI based learning record store solves this challenge to quite an extent. There are a lot of commercial learning record stores available in the market. It's up to you to decide whether you want to use the one that is most suited for your company. If you decide to take this route, be sure to do some research on the company and the technology behind it to make sure it can handle the data volumes that you will be using for learning analytics.
A good number of open-source learning records stores are available as well. Learning Locker is one such application. In this video, I go about explaining how to install and use a Learning Locker instance in very easy to follow steps.