The 7 Habits to becoming an Effective Decision Maker

307 views

Published on

My presentation from the Tech4Africa event conducted in Johannesburg. Presentation focuses on 2 aspects, primarily the opportunity for us Africans on our continent and then how Data and Information for Effective Decision making can enable Leadership on our continent to compete.

Published in: Technology, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
307
On SlideShare
0
From Embeds
0
Number of Embeds
3
Actions
Shares
0
Downloads
8
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

The 7 Habits to becoming an Effective Decision Maker

  1. 1. MILLIONS OF COPIES TO BE SOLD! @KarabinaSoftwre The HABITS to becoming a HIGHLY EFFECTIVE DECISION MAKER H E AT H P. T U R N E R EDITION BI Self Help Book
  2. 2. Foreword: The Africa Attraction? • 54 Countries, over 1.1bn people • $2 Trillion Collective GDP (more than India, less than Brazil) • Some Confidence • Internet Bandwidth grown 20 fold • Mobile Subscribers set to Exceed ; 650 million • 7 of 10 fastest Growing WW Economies • Growth surpassed East Asia in 8 out of past 10 years • 50% Labour Force will have secondary education by 2020 @KarabinaSoftwre
  3. 3. Karabina Software's story @KarabinaSoftwre
  4. 4. HABIT 1: Begin your journey with the end in mind? 1972 Business Applications Input 1969 Database Invented Data Storage = Answers 1989 Business Intelligence BI 1.0 BI 2.0 People Centric
  5. 5. HABIT 2: Seek to Understand… before being Understood THE CIRLCE OF CONCERN>>>> • Find Data and Produce Report • Large amounts of time spent gathering & sorting data for business • Report after its happened (end point) • Suitable for Operational Reports • Takes time to generate • Data turned into Information • Easily accessible & immediately available • Analyse information at anytime • Available for more people to use Report-Driven Reports substantiate Business Decisions Analytics-Enabled Information improves Business Decisions @KarabinaSoftwre *Most Companies *Trying to move here
  6. 6. Reporting versus #Analytics Response Time +High-Slow Fast Low Data Complexity ERP Underlying Data Source Reporting Solution View Data onlyCube Data Warehouse Analytics Interact & Analyse Data ERP Underlying Data Source/s Other REASONSOFINFLUENCE • Decision-makingtool • FastandEasytouse • SingleversionofTruth • InformationisPervasive • Data-warehousecritical @KarabinaSoftwre
  7. 7. HABIT 3: Positive Reinforcement - Dispel the Myths X Small & Medium Sized business don’t need this. X It’s expensive to buy and purchase. X Only need to buy a sexy front-end BI tool. X Too complex to implement & understand. X Don’t get caught trying to understand BIG DATA! @KarabinaSoftwre
  8. 8. HABIT 4: Be Accountable for the Results @KarabinaSoftwre
  9. 9. Analytics can improve bottom line @Karabina  Save Time and Remove Errors in gathering Data.  Get immediate answers to:  Business Critical questions  Historical Trends & Future Projections  Apply your wisdom and explore your data @KarabinaSoftwre
  10. 10. @Karabina@KarabinaSoftwre Our mandate is to…
  11. 11. @Karabina@KarabinaSoftwre Only Manages Transactional Business Process • Centralise your Transactions • Place Orders, Receipts, Credits, Stock CAN’T LOOK AT YOUR BUSINESS HOLSITICALLY DOESN”T MANAGE BUSINESS AGAINST KPI’S WON’T TELL US HOW TO IMPROVE
  12. 12. @Karabina@KarabinaSoftwre • Increase Profit - Focus on improving KPI’s • Increase Revenue - Focus on Customers and Products • Decrease Costs - Benchmark and Measure Productivity • Reduce Costs – Gain Efficiency • Reduce Costs – Accuracy and Access to information • Improve Working Capital – Reduce debtors & excess stock
  13. 13. HABIT 5: Make sense of whether to Buy or Build @KarabinaSoftwre COST TIME BI PROJECT BUILD BUY LETS BUILD IT X - 54% of traditional BI implementations fail. X - Ave. BI Project is around 460 days effort to deploy X – High Risk 6 to 18 Months1 Week $25k Over $150k BUY IT  Costs typically 75% less  Ave. BI Project is 5 days  Highly Suitable - pre-built models, - pre-built reports - pre-built Dashboards
  14. 14. HABIT 6: Deliver your Promise - Quickly  Leverage existing software investments  Minimise impact of introducing new technology  Use pre-built products that deliver instant value  Deliver incremental value – avoid the BIG BANG  Deploy with the team you have  DELIVER THE VALUE YOU PROMISED! @KarabinaSoftwre
  15. 15. HABIT 7: Sharpen your Insight & Increase Adoption • Its a Journey and not a destination • Embed Analytics in your business • Include other source of data into your BI • Enable Self-Service BI (training & change) @KarabinaSoftwre
  16. 16. Follow these 7 Habits and hopefully you too will be on the path to better Decision making in your business. @KarabinaSoftwre
  17. 17. Follow “Karabina Software” Follow “@KarabinaSoftwre” Thanks for your time….. Our product…… Works with……

×