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Analysis Of HBR Article
by Shikhar Gupta
Outline
Most rely too much on gut.
A majority struggles with statistics.
Some are dangerously distracted by data
The best focus on goals and filter out
Most rely too much on gut.
On average, marketers depend on
data for just 11% of all customer-
related decisions.
Most marketers say that more than
half of the information on which they
base their decisions came from their
previous experience or their intuition
about customers.
11%
89%
0%
20%
40%
60%
80%
100%
Proportions of Managers using data to
make decisions.
Use Data Don't use Data
Proportion of managers using
data to make decisions.
Most rely too much on gut.
89% of managers give data least
preference in taking decisions
But in today’s volatile business
environment, judgment built from
past experience is increasingly
unreliable.
A majority struggle with statistics
When the marketers’ statistical
aptitude was tested with five
questions ranging from basic to
intermediate, almost half (44%) got
four or more questions wrong and a
mere 6% got all five right. So it
didn’t surprise us that just 5% of
marketers own a statistics text book.
Marketers' Statistical Aptitude
Got more than 4 questions wrong
Got all 5 questions right
Got 4 or less questions wrong
Some are dangerously distracted by data
While most marketers underuse data, a small fraction
(11% in this study) just can’t get enough.
These data hounds consult dashboards daily, and base
most decisions on data. They have a “plugged in”
personality type and thrive on external stimulation — so
they love data and all forms of feedback including data on
marketing effectiveness, input from managers or peers,
and frequent interaction with others.
Some are dangerously distracted by data
We call these marketers “Connectors” and they’re exactly what
most CMOs are looking for.
But these types of marketers are actually severe
underperformers.
The problem is, they don’t have the statistical aptitude or
judgment required to use data effectively.
In management positions, these people can wreak havoc by
creating endless fire drills and preventing anyone from sticking
with projects long enough to achieve the best results.
The best focus on goals and filter out noise
Today’s top performing marketers aka
“Focusers”.
They have three key qualities: comfort
with ambiguity, ability to ask strategic
questions based on data, and narrow
focus on higher-order goals.
these traits help them filter out noise and
apply only the insights or data points that
truly matter for long-term success.
Comfort with
ambiguity.
Ability to ask
strategic questions
based on data.
Narrow focus on
higher order goals.
The best focus on goals and filter out noise
The bad news for marketing leaders is that ability to filter out
noise is rare.
Only about 10% of marketers excel here and are hard to
teach.
The best focus on goals and filter out noise
To drive effective data use, the best marketing leaders
reiterate critical business goals constantly to keep them
front-of-mind despite distractions.
Teach marketers to put data front and center in their
decision making, and sensitize marketers to common
data interpretation mistakes. This enables even the
most distractible data lovers to overachieve.
Data-savy are more likely to succeed.
Analysis of hbr article marketers flunk the big data test

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Analysis of hbr article marketers flunk the big data test

  • 1. Analysis Of HBR Article by Shikhar Gupta
  • 2. Outline Most rely too much on gut. A majority struggles with statistics. Some are dangerously distracted by data The best focus on goals and filter out
  • 3. Most rely too much on gut. On average, marketers depend on data for just 11% of all customer- related decisions. Most marketers say that more than half of the information on which they base their decisions came from their previous experience or their intuition about customers. 11% 89% 0% 20% 40% 60% 80% 100% Proportions of Managers using data to make decisions. Use Data Don't use Data Proportion of managers using data to make decisions.
  • 4. Most rely too much on gut. 89% of managers give data least preference in taking decisions But in today’s volatile business environment, judgment built from past experience is increasingly unreliable.
  • 5. A majority struggle with statistics When the marketers’ statistical aptitude was tested with five questions ranging from basic to intermediate, almost half (44%) got four or more questions wrong and a mere 6% got all five right. So it didn’t surprise us that just 5% of marketers own a statistics text book. Marketers' Statistical Aptitude Got more than 4 questions wrong Got all 5 questions right Got 4 or less questions wrong
  • 6. Some are dangerously distracted by data While most marketers underuse data, a small fraction (11% in this study) just can’t get enough. These data hounds consult dashboards daily, and base most decisions on data. They have a “plugged in” personality type and thrive on external stimulation — so they love data and all forms of feedback including data on marketing effectiveness, input from managers or peers, and frequent interaction with others.
  • 7. Some are dangerously distracted by data We call these marketers “Connectors” and they’re exactly what most CMOs are looking for. But these types of marketers are actually severe underperformers. The problem is, they don’t have the statistical aptitude or judgment required to use data effectively. In management positions, these people can wreak havoc by creating endless fire drills and preventing anyone from sticking with projects long enough to achieve the best results.
  • 8. The best focus on goals and filter out noise Today’s top performing marketers aka “Focusers”. They have three key qualities: comfort with ambiguity, ability to ask strategic questions based on data, and narrow focus on higher-order goals. these traits help them filter out noise and apply only the insights or data points that truly matter for long-term success. Comfort with ambiguity. Ability to ask strategic questions based on data. Narrow focus on higher order goals.
  • 9. The best focus on goals and filter out noise The bad news for marketing leaders is that ability to filter out noise is rare. Only about 10% of marketers excel here and are hard to teach.
  • 10. The best focus on goals and filter out noise To drive effective data use, the best marketing leaders reiterate critical business goals constantly to keep them front-of-mind despite distractions. Teach marketers to put data front and center in their decision making, and sensitize marketers to common data interpretation mistakes. This enables even the most distractible data lovers to overachieve.
  • 11. Data-savy are more likely to succeed.