Data is worthless if you don't communicate insights by shesha

1. DATA IS WORTHLESS IF YOU
DON'T COMMUNICATE
by Thomas H. Davenport

2. There is need for business people
who can think quantitatively

3. They have to make decisions based
on data and analysis

4. #1 Insight
According to reports 1.5 million
more data savvy managers are
needed to take advantage of all
the data we generate.

5. Otherwise all the data which can
be used to make decisions goes
wasted

6. Though there are managers,
efficient managers are need to
understand the data

7. #2 Insight
You don’t need to become a
winemaker to become a wine
connoisseur.

8. That is Managers do not need to
become quant jocks.

9. Managers have to become better
consumers of data

10. They need to have appreciation for
quantitative analysis and an ability
to communicate what the numbers
mean

11. The job is not only just to crunch
the numbers, but also to
communicate them

12. A simple framework for communicating about
each analysis:
o My understanding of the business
problem
o How I will measure the business impact
o What data is available
o The initial solution hypothesis
o The solution
o The business impact of the solutions

13. Do not let the results get in the
way of telling a good story with
your data

14. THANK-YOU

15. Submitted under internship “Data Analytics” by
professor Sameer Mathur ,IIML
BY
Sheshasai Venkatesh S