An assignment for an internship on Data Analytics with Managerial Applications under Professor Sameer Mathur, IIM Lucknow

1. Data is WORTHLESS if you don't
communicate it
– by Thomas H. Davenport

2. That can be a cause fo r alarm !!!
.

3. HOWEVER, Professor Xiao-Li
Meng, Harvard University, said -
“You don’t need to become a
winemaker to become a wine
connoisseur.”
THEREFORE, MANAGERS NEED
NOT BECOME QUANT JOCKS OR
DATA SCIENTISTS!

4. Consider the example of Mendel vs. Dr John
Gottman (refer to the article here)

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

6. MANAGERS NEED TO
● Become better consumers of data
●
Appreciate quantitative analysis
● Communicate what numbers mean
TO SURVIVE AND CONTRIBUTE
BETTER IN THE WORLD OF
BUSINESS

8. Most audiences neither
understand nor care what fancy
numbers or equations mean.
People care about results and
implications.
Communication of data in the
proper way thus becomes very,
very, very important.

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

11. Managers realize that it is
important to communicate what
data means in the right way.
In India, there are so many
communication barriers to be
overcome. However, data and its
inference will be mostly
equivalent.
Managers should invest more
time in this task.

13. framework from Dr John Gottman's
guidelines to deal with ever-
increasing data problems
efficiently :
1.My understanding of the business
problem
2.How I will measure the business
impact
3.What data is available
4.The initial solution hypothesis
5.The solution
6.The business impact of the
solution

14. It is true that emotions can move
people. Managers, especially in
India – a labor-intensive country,
need to relate with their
colleagues, seniors, customers.
Thus, it is essential that they
develop the ability of telling
stories through their data.

16. - PARUL VERMA