Am analysis which is a part of a remote internship under Dr Sameer Mathur, IIM Lucknow

1. Are You Data Driven?
Take a Hard Look in the
Mirror.
- by Thomas C. Redman

3. Companies that regard themselves as “data-
driven” are measurably more profitable than
those that aren’t.

5. The essence of “data-driven” is making better
decisions up and down the organization chart

6. List the two most
(important/interesting/
informative)
insights from this ARTICLE ?

7. Traits of the Data-Driven
● Make decisions at the lowest possible level
● Bring as much diverse data to any situation as they
possibly can
● Use data to develop a deeper understanding of their
worlds
● Develop an appreciation for variation
● Deal reasonably well with uncertainty
● Integrate their ability to understand data and its
implications with their intuitions

8. ● Recognize the importance of high-quality data and invest
to make improvements
● Conduct good experiments and research
● Recognize that decision criteria can vary with
circumstances
● Realize that making a decision is only the first step
● Work hard to learn new skills and bring new data and new
data technologies (big data, predictive analytic, metadata
management, etc.) into their organizations
● Learn from their mistakes

9. Now take a hard look in the mirror. Look at the list
again and give yourself a point for every trait you
follow regularly and half a point for those you follow
most. Unless you score seven or more, follow these
points to improve -
1) Push decisions down the organization
2) Invest in quality data
Now, get your management team to do the same
thing.

10. Why and How are these
insights relevant to a
manager in India?

11. THE MANAGERS LEARN A
SIMPLE EXERCISE TO BECOME
MORE DATA-DRIVEN,
CONSEQUENTLY MAKING
BETTER DECISIONS IN ALL
ASPECTS.

13. INVESTING IN QUALITY DATA
IS A NECESSITY. ONE CANNOT
BE DATA-DRIVEN WITHOUT A
HIGH LEVEL OF TRUST IN
ONE'S DATA AND DATA
SOURCES.

15. - PARUL VERMA