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Right Data
Right
Question
Right
Time
Volume
•Data Size
Velocity
•Speed of Change
Variety
•Different forms of
data sources
Veracity
•Uncertainty of
Data
Value
•Outcome
Focused
The 5 V’s
Business data produced is expanding
• 90% world’s data created in last two years
• two days information equals that produced from the dawn of civilization to
2003
• annual volume of data created by U.S. companies can fill ten thousand
Libraries of Congress
• Data production will be 44 times greater in 2020 than it was in 2009
businesses now have access to mountains of data
challenge in extracting value from such data
source of competitive advantage
data can provide insight thru
• data driven knowledge discovery
• gain actionable information
DATA INSIGHT ACTION OUTCOME
RIGHT
QUESTION
Reduce friction to insight
• focus on business user action
• better business decision making from streamlining
complex large data
• present in summary form for quick and effective
decisions
static reports to interactive dashboard
visualization
• visualizations spark important questions
• interact and build knowledge by exploring available data
• overview first, zoom and filter, then details-on-demand
Employees:
• empowered to make better & quicker decisions
• save time and enable more effective productivity with better data insights
An organization validates strategy and business decisions with data - it is not just
• technology led
• a lot of reports
• a scorecard that isn’t aligned to day to day realities
• a large data warehouse
• where decisions are made first and analysis performed to support second
• Collaborative, inclusive, open, inquisitiveCulture
• Top down as well as bottom upData Leadership
• Testing (growth) mindset, fact-based, anti-HiPPODecision Making
• Embedded, federated analyticsOrganization
• Analytics org: composition, skills, trainingPeople
• Data quality, data managementData
Data Culture May 20177
Data Culture May 20177
Data Culture May 20177

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Data Culture May 20177

  • 1.
  • 2. Right Data Right Question Right Time Volume •Data Size Velocity •Speed of Change Variety •Different forms of data sources Veracity •Uncertainty of Data Value •Outcome Focused The 5 V’s
  • 3. Business data produced is expanding • 90% world’s data created in last two years • two days information equals that produced from the dawn of civilization to 2003 • annual volume of data created by U.S. companies can fill ten thousand Libraries of Congress • Data production will be 44 times greater in 2020 than it was in 2009 businesses now have access to mountains of data challenge in extracting value from such data source of competitive advantage data can provide insight thru • data driven knowledge discovery • gain actionable information
  • 4. DATA INSIGHT ACTION OUTCOME RIGHT QUESTION
  • 5. Reduce friction to insight • focus on business user action • better business decision making from streamlining complex large data • present in summary form for quick and effective decisions static reports to interactive dashboard visualization • visualizations spark important questions • interact and build knowledge by exploring available data • overview first, zoom and filter, then details-on-demand
  • 6. Employees: • empowered to make better & quicker decisions • save time and enable more effective productivity with better data insights An organization validates strategy and business decisions with data - it is not just • technology led • a lot of reports • a scorecard that isn’t aligned to day to day realities • a large data warehouse • where decisions are made first and analysis performed to support second
  • 7. • Collaborative, inclusive, open, inquisitiveCulture • Top down as well as bottom upData Leadership • Testing (growth) mindset, fact-based, anti-HiPPODecision Making • Embedded, federated analyticsOrganization • Analytics org: composition, skills, trainingPeople • Data quality, data managementData