While big data is hyped, most companies don't effectively use the data they already have. To benefit from data, a company must first develop a culture of evidence-based decision making. This involves establishing a single source of performance data, providing real-time feedback, explicitly managing business rules based on facts, and coaching employees on data-driven decisions. Only then will a company be positioned to leverage large datasets like big data.
The document discusses how companies do not need big data to make good decisions, but rather should empower employees to use smaller, more accessible data. It recommends that companies (1) delegate responsibilities to employees and trust them to make decisions using various data sources close to their work, (2) agree on a single source of truth for uniform data presentation, (3) use regular scorecards to provide performance feedback, (4) explicitly manage business rules to understand their impact, and (5) coach employees to shift from instinct to evidence-based decision making using the data available to them. This gradual cultural shift can spread effective data use throughout most roles in an organization.
When Everyone Talks At Once, But Leaders Still Know What To Do9Lenses
When it comes to strategy, business mirrors a war zone. CSOs and strategy consultants are the generals, and in order to know how to act, they need to collect information from every sector of their organizations. The problem is: how can they do so effectively, when every sector of a business communicates with its own signals? Leaders today need to be able to collect information quickly and without bias, but they also need depth, validity, and repeatability. Here we discuss methods for ensuring that comprehensive data is collected and connected in a way that results in meaningful organizational intelligence.
Stop Searching for That Elusive Data ScientistSrijani Das
The document discusses finding data scientists for organizations. It recommends that organizations find people within who have basic logical and data skills, rather than trying to hire "unicorns". It also suggests that organizations form small, cross-functional teams focused on delivering measurable benefits from data in short periods to build data capabilities. These teams may be less skilled than a single data scientist but learn from each other and show what can be achieved with data. The document stresses the importance of understanding data science principles to ask the right questions of data and help managers predict outcomes.
[9Lenses + CSC] – Transforming the Way you Discover Organizational Insights9Lenses
Incite Discovery through scaled insight discovery. This is the presentation Edwin Miller, CEO, 9Lenses made along with Jerry Overton, Head of Advanced Analytics Research in CSC’s ResearchNetwork and founder of CSC’s FutureTense competency. This presentation was made on December 2nd, 2014 at the Innovation Enterprise’s Chief Innovation Officer Summit, in New York City.
Edwin advocated for the automation of the middle-management layer of a business so that machine learning can more rapidly connect all the complexities of a business.
Jerry Overton spoke about how Data Science + Human Data allows companies to simulate new business models.
The document discusses how big data is not always necessary and provides several recommendations. It notes that while there is a lot of data available, it can create confusion if not separated by customer preferences. Rather than being fully dependent on data analytic tools, companies should use a mix of logical thinking and small amounts of past data. The document recommends empowering employees, forming a single reference system, accepting initial failures when implementing new systems, generating value from little data, developing an acceptance culture, reviewing processes to identify mistakes, focusing on teamwork, and enhancing profitability.
Creating a Data-Driven Organizational Culture Amy Gaskins
The document discusses how to change an organization's culture without causing disruption. It recommends being clear about the direction of change, understanding what motivates employees, and showing them the path forward while anticipating potential issues. It also suggests celebrating small victories, empowering discovery and experimentation among employees, and repeating the process of learning and improvement.
While big data is hyped, most companies don't effectively use the data they already have. To benefit from data, a company must first develop a culture of evidence-based decision making. This involves establishing a single source of performance data, providing real-time feedback, explicitly managing business rules based on facts, and coaching employees on data-driven decisions. Only then will a company be positioned to leverage large datasets like big data.
The document discusses how companies do not need big data to make good decisions, but rather should empower employees to use smaller, more accessible data. It recommends that companies (1) delegate responsibilities to employees and trust them to make decisions using various data sources close to their work, (2) agree on a single source of truth for uniform data presentation, (3) use regular scorecards to provide performance feedback, (4) explicitly manage business rules to understand their impact, and (5) coach employees to shift from instinct to evidence-based decision making using the data available to them. This gradual cultural shift can spread effective data use throughout most roles in an organization.
When Everyone Talks At Once, But Leaders Still Know What To Do9Lenses
When it comes to strategy, business mirrors a war zone. CSOs and strategy consultants are the generals, and in order to know how to act, they need to collect information from every sector of their organizations. The problem is: how can they do so effectively, when every sector of a business communicates with its own signals? Leaders today need to be able to collect information quickly and without bias, but they also need depth, validity, and repeatability. Here we discuss methods for ensuring that comprehensive data is collected and connected in a way that results in meaningful organizational intelligence.
Stop Searching for That Elusive Data ScientistSrijani Das
The document discusses finding data scientists for organizations. It recommends that organizations find people within who have basic logical and data skills, rather than trying to hire "unicorns". It also suggests that organizations form small, cross-functional teams focused on delivering measurable benefits from data in short periods to build data capabilities. These teams may be less skilled than a single data scientist but learn from each other and show what can be achieved with data. The document stresses the importance of understanding data science principles to ask the right questions of data and help managers predict outcomes.
[9Lenses + CSC] – Transforming the Way you Discover Organizational Insights9Lenses
Incite Discovery through scaled insight discovery. This is the presentation Edwin Miller, CEO, 9Lenses made along with Jerry Overton, Head of Advanced Analytics Research in CSC’s ResearchNetwork and founder of CSC’s FutureTense competency. This presentation was made on December 2nd, 2014 at the Innovation Enterprise’s Chief Innovation Officer Summit, in New York City.
Edwin advocated for the automation of the middle-management layer of a business so that machine learning can more rapidly connect all the complexities of a business.
Jerry Overton spoke about how Data Science + Human Data allows companies to simulate new business models.
The document discusses how big data is not always necessary and provides several recommendations. It notes that while there is a lot of data available, it can create confusion if not separated by customer preferences. Rather than being fully dependent on data analytic tools, companies should use a mix of logical thinking and small amounts of past data. The document recommends empowering employees, forming a single reference system, accepting initial failures when implementing new systems, generating value from little data, developing an acceptance culture, reviewing processes to identify mistakes, focusing on teamwork, and enhancing profitability.
Creating a Data-Driven Organizational Culture Amy Gaskins
The document discusses how to change an organization's culture without causing disruption. It recommends being clear about the direction of change, understanding what motivates employees, and showing them the path forward while anticipating potential issues. It also suggests celebrating small victories, empowering discovery and experimentation among employees, and repeating the process of learning and improvement.
The document discusses the importance of measuring the right metrics and using analytics to focus on what is important for the organization. It recommends measuring leading indicators to focus on activities connected to objectives, using values and behaviors to guide decision-making, and unlocking the link between people and performance to help the organization's future success. Measuring and analyzing the right data about employees can improve performance, engagement, and decision-making.
The document outlines Nancy Harhut's presentation on using psychology-based marketing to increase online engagement and ROI. The presentation covers 7 scientifically-proven principles that drive automatic human behaviors, including decision-making shortcuts, the reciprocity principle, availability bias, social proof, the magnetic middle, the scarcity principle, and storytelling. Attendees will learn how to apply these principles through easy prompts to increase customer acquisition for their products and services.
This document discusses the concept of positive deviance and using evidence-driven processes to find success within one's own organization. Positive deviance refers to practices that show better performance under the same conditions as comparable practices. The document advocates shifting from "fixing errors" to "rewarding and learning from the best." It provides an example of how positive deviance was used in bakeries to identify higher performing stores and determine root causes of their success that could be applied elsewhere, such as creative deviations from standardized processes. The document encourages organizations to identify their own positive deviants to drive process innovation from within.
This Queensland organization was experiencing low employee morale and productivity due to uncertainty from a recent privatization. Confiance surveyed employees and held focus groups to understand issues. They also held workshops with leaders to discuss actions to improve engagement. Confiance recommended increased leadership presence across sites, and forming a team with cross-level representation to generate buy-in for changes. Quick initiatives addressed immediate frustrations. Improved communication informed employees and rebuilt trust, allowing the organization to move forward united.
Analysis of "A leader's guide to data analytics - Florian Zettelmeyer"Dheepika Chokkalingam
Florian Zettelmeyer discusses the importance of analytical thinking skills over technical skills. He provides four guidelines for effective analytics: 1) Start with understanding the business problem; 2) Understand how the data was generated; 3) Leverage domain expertise to interpret results; and 4) Have a culture where established ideas can be questioned based on data, not just assumptions. The document also discusses the relevance of these concepts for Indian managers, noting analytics can help decision-making if managers have some data science knowledge to ensure quality and prevent faulty assumptions.
This document discusses how companies can leverage big data and analytics. It notes that big data allows companies to (1) measure and manage business more precisely than ever before, (2) make better predictions and smarter decisions, and (3) target more effective interventions in areas previously dominated by intuition rather than data. The document highlights how big data provides volume, velocity, and variety of data that can power social network analysis, sentiment analysis, visualization, disaggregation, and predictive analytics to drive data-driven decisions. However, it cautions that simply knowing information from data is not enough and companies must act on those insights.
Data is Worthless if You Don’t Communicate ItTanayKarnik1
This document discusses the importance of effectively communicating data and insights from data analysis. It notes that data is worthless if not communicated, and that research findings will not speak for themselves and need to be disseminated through various outlets. Some key ways to communicate about data analysis projects are outlined, including understanding the business problem, measuring impact, available data, hypotheses, solutions, and impact of solutions. The document stresses that audiences care most about results and implications, so the communication should tell a good story with the data. Managers especially need to better understand and communicate quantitative analysis and what the numbers mean.
As the need to attract, retain and grow talent moves to the top of the strategic agenda, L&D has the chance to become as vital to business as finance or marketing.
In the new world, L&D needs to be about value not cost; outcomes not activity; proven contribution to the business not audience delight.
Traditional development solutions are either custom or off-the-shelf – the first is slow to create, expensive and lacks responsiveness; the latter tends not to be fit for purpose, a one-size approach that fits no-one.
What do we do with all this big data- A ted talk Vyshnavi Veluri
Big data provides insights if analyzed properly, but static facts alone are not enough. Big data should continue expanding with deeper data in multiple metrics to ensure precision and relevance. While big data can manipulate numbers for business, it also has applications improving humanity, health, communities and the environment. Managers must carefully select analysts who can make meaningful insights from large amounts of irrelevant data, prioritizing critical thinking. For managers in India, continually analyzing feedback from big data can help tailor products and services to keep customers happy while accounting for the country's diversity in dynamic facts.
The document discusses the limitations of people analytics and data analysis. It notes that while past data can be used to predict future performance, correlations in data may only appear significant due to noise rather than real signals. Additionally, the metrics most readily available may not be the most important for measuring success. Managers should understand that data provides predictions, not outcomes, and use those predictions to make optimistic decisions for the future based on past trends, while recognizing the inherent uncertainties in any data analysis.
Generating Business Value thro’ Integrating Data Analysis into planning and...NareshChawla
Data analysis is the lifeline of any business. No business can survive without analyzing available data. Whether one wants to arrive at some marketing decisions or fine-tune new product launch strategy or compute process capability or predicate future trends or breakdown a big issue into smaller but manageable issues; data analysis is the key to all the problems.
Adaptive Design Kata: An Improvement and a Leadership Kata (FINAL)KaiNexus
Presented June 15, 2021 by Dr. John Kenagy as part of the KaiNexus Continuous Improvement Webinar series.
The Objective: Scientifically develop leaders at all levels to deliver exactly what patients and/or customers need at continually lower cost – low risk, high reward, fast.
Kata Learning Objectives – Know why and how:
1. Conventional, data-driven leadership and management systems, projects, consultants, and technologies fail in complex, dynamic, unpredictable work.
2. Adaptive Design (AD) Kata improves standardized work in real-time.
3. AD Kata Leaders use the Scientific Method to improve at all levels: frontline to C-Suite
4. The people on AD Kata Teams discover, adapt, and improve as part of their daily work
5. AD Kata Leaders continuously replicate and scale results, success, trust, and optimism appropriate to their level and without waste of any resource
(c) 2021, John W. Kenagy, MD. Adaptive Design and Ideal Patient Care are registered trademarks of John Kenagy
Dr. John Kenagy
Dr. Kenagy knows healthcare as a vascular surgeon, executive, academic researcher, author, and innovator. But his most meaningful experience was as a patient following a critical injury. He discovered his survival depended on the efforts of dedicated, highly trained individuals working in an unpredictable, conflicted system (the current healthcare Kata). As a Visiting Scholar at Harvard Business School, his research translated Leading Indicator Systems from resilient companies like Toyota, Apple, Intel and Amazon to healthcare. His discovery: our solutions are designed-to-adapt Kata’s from leadership to the point of care.
Agile methods are becoming norm as the new working paradigm in our VUCA (volatile, uncertain, complex and ambiguous) world.
Organizations and teams are redesigning how they work in response to change or disruption in their market, as well as the need to gain competitive advantage through digital innovation or an enriched customer experience. The implications of Agile for Human Resources (HR) are huge and without shifting our existing HR processes, adoptability of agile become challenge.
It’s not about managing resources but rather managing people. Agile HR transforms the fundamental principles of HR to into People Operations leading Agile, digital and networked organizations. The aim is to build a shared value between your customers, business and people by:
Adopting a Mindset and a Culture – Embracing the Agile mindset within HR and people practices to incrementally deliver value to your customer
Co-create among the Organization – Applying Agile techniques, like Scrum and Kanban, to self-organize, experiment and co-create directly with your people.
Structure an organisation for connection, not control to empower people to give and do their best.
The document discusses the traits of data-driven organizations and managers. It states that data-driven managers make better decisions by conducting experiments, recognizing varying decision criteria, and learning from mistakes. They also push decision making down the organization to build responsibility and free up senior time. Furthermore, data-driven organizations invest in quality data, constantly reevaluate decisions, and cultivate trusted data sources and skills.
How to Measure and Improve Employee Engagement - A Qualtrics Case Study with ...Qualtrics
This document discusses how Qualtrics helps companies measure and improve employee engagement through surveys. It provides examples of how Sanford Health, a large healthcare organization, uses Qualtrics surveys to gain insights into engagement among its 26,000 employees. The surveys have helped Sanford Health identify engagement drivers, create manager dashboards, and see correlations between engagement and patient satisfaction that have significant financial impacts. Qualtrics provides tools to easily conduct surveys, analyze open-ended responses, and generate real-time reporting dashboards.
How do you boost resilience in adolescents & young adults (AYA) with cancer? Hopelab combines science+design to tackle these complex problems and built a chatbot to do just that.
The challenge - you're mission is to the save the world using games. Does it work? Can it solve problems? It is already happening? Discover how you can transform your life and business using games.
The document discusses how companies can better utilize data and analytics to support decision making rather than focusing primarily on acquiring more data. It argues that most companies do not effectively use the data they already have. To leverage data, companies need to adopt evidence-based decision making as a cultural shift. This involves establishing single data sources, providing real-time feedback to decision makers, explicitly defining and updating business rules based on facts, and coaching employees who make regular decisions. Empowering employees to make decisions based on data analysis, like at Seven-Eleven Japan, can provide competitive advantages if companies learn to effectively capture, analyze, and act on data.
The document discusses the importance of measuring the right metrics and using analytics to focus on what is important for the organization. It recommends measuring leading indicators to focus on activities connected to objectives, using values and behaviors to guide decision-making, and unlocking the link between people and performance to help the organization's future success. Measuring and analyzing the right data about employees can improve performance, engagement, and decision-making.
The document outlines Nancy Harhut's presentation on using psychology-based marketing to increase online engagement and ROI. The presentation covers 7 scientifically-proven principles that drive automatic human behaviors, including decision-making shortcuts, the reciprocity principle, availability bias, social proof, the magnetic middle, the scarcity principle, and storytelling. Attendees will learn how to apply these principles through easy prompts to increase customer acquisition for their products and services.
This document discusses the concept of positive deviance and using evidence-driven processes to find success within one's own organization. Positive deviance refers to practices that show better performance under the same conditions as comparable practices. The document advocates shifting from "fixing errors" to "rewarding and learning from the best." It provides an example of how positive deviance was used in bakeries to identify higher performing stores and determine root causes of their success that could be applied elsewhere, such as creative deviations from standardized processes. The document encourages organizations to identify their own positive deviants to drive process innovation from within.
This Queensland organization was experiencing low employee morale and productivity due to uncertainty from a recent privatization. Confiance surveyed employees and held focus groups to understand issues. They also held workshops with leaders to discuss actions to improve engagement. Confiance recommended increased leadership presence across sites, and forming a team with cross-level representation to generate buy-in for changes. Quick initiatives addressed immediate frustrations. Improved communication informed employees and rebuilt trust, allowing the organization to move forward united.
Analysis of "A leader's guide to data analytics - Florian Zettelmeyer"Dheepika Chokkalingam
Florian Zettelmeyer discusses the importance of analytical thinking skills over technical skills. He provides four guidelines for effective analytics: 1) Start with understanding the business problem; 2) Understand how the data was generated; 3) Leverage domain expertise to interpret results; and 4) Have a culture where established ideas can be questioned based on data, not just assumptions. The document also discusses the relevance of these concepts for Indian managers, noting analytics can help decision-making if managers have some data science knowledge to ensure quality and prevent faulty assumptions.
This document discusses how companies can leverage big data and analytics. It notes that big data allows companies to (1) measure and manage business more precisely than ever before, (2) make better predictions and smarter decisions, and (3) target more effective interventions in areas previously dominated by intuition rather than data. The document highlights how big data provides volume, velocity, and variety of data that can power social network analysis, sentiment analysis, visualization, disaggregation, and predictive analytics to drive data-driven decisions. However, it cautions that simply knowing information from data is not enough and companies must act on those insights.
Data is Worthless if You Don’t Communicate ItTanayKarnik1
This document discusses the importance of effectively communicating data and insights from data analysis. It notes that data is worthless if not communicated, and that research findings will not speak for themselves and need to be disseminated through various outlets. Some key ways to communicate about data analysis projects are outlined, including understanding the business problem, measuring impact, available data, hypotheses, solutions, and impact of solutions. The document stresses that audiences care most about results and implications, so the communication should tell a good story with the data. Managers especially need to better understand and communicate quantitative analysis and what the numbers mean.
As the need to attract, retain and grow talent moves to the top of the strategic agenda, L&D has the chance to become as vital to business as finance or marketing.
In the new world, L&D needs to be about value not cost; outcomes not activity; proven contribution to the business not audience delight.
Traditional development solutions are either custom or off-the-shelf – the first is slow to create, expensive and lacks responsiveness; the latter tends not to be fit for purpose, a one-size approach that fits no-one.
What do we do with all this big data- A ted talk Vyshnavi Veluri
Big data provides insights if analyzed properly, but static facts alone are not enough. Big data should continue expanding with deeper data in multiple metrics to ensure precision and relevance. While big data can manipulate numbers for business, it also has applications improving humanity, health, communities and the environment. Managers must carefully select analysts who can make meaningful insights from large amounts of irrelevant data, prioritizing critical thinking. For managers in India, continually analyzing feedback from big data can help tailor products and services to keep customers happy while accounting for the country's diversity in dynamic facts.
The document discusses the limitations of people analytics and data analysis. It notes that while past data can be used to predict future performance, correlations in data may only appear significant due to noise rather than real signals. Additionally, the metrics most readily available may not be the most important for measuring success. Managers should understand that data provides predictions, not outcomes, and use those predictions to make optimistic decisions for the future based on past trends, while recognizing the inherent uncertainties in any data analysis.
Generating Business Value thro’ Integrating Data Analysis into planning and...NareshChawla
Data analysis is the lifeline of any business. No business can survive without analyzing available data. Whether one wants to arrive at some marketing decisions or fine-tune new product launch strategy or compute process capability or predicate future trends or breakdown a big issue into smaller but manageable issues; data analysis is the key to all the problems.
Adaptive Design Kata: An Improvement and a Leadership Kata (FINAL)KaiNexus
Presented June 15, 2021 by Dr. John Kenagy as part of the KaiNexus Continuous Improvement Webinar series.
The Objective: Scientifically develop leaders at all levels to deliver exactly what patients and/or customers need at continually lower cost – low risk, high reward, fast.
Kata Learning Objectives – Know why and how:
1. Conventional, data-driven leadership and management systems, projects, consultants, and technologies fail in complex, dynamic, unpredictable work.
2. Adaptive Design (AD) Kata improves standardized work in real-time.
3. AD Kata Leaders use the Scientific Method to improve at all levels: frontline to C-Suite
4. The people on AD Kata Teams discover, adapt, and improve as part of their daily work
5. AD Kata Leaders continuously replicate and scale results, success, trust, and optimism appropriate to their level and without waste of any resource
(c) 2021, John W. Kenagy, MD. Adaptive Design and Ideal Patient Care are registered trademarks of John Kenagy
Dr. John Kenagy
Dr. Kenagy knows healthcare as a vascular surgeon, executive, academic researcher, author, and innovator. But his most meaningful experience was as a patient following a critical injury. He discovered his survival depended on the efforts of dedicated, highly trained individuals working in an unpredictable, conflicted system (the current healthcare Kata). As a Visiting Scholar at Harvard Business School, his research translated Leading Indicator Systems from resilient companies like Toyota, Apple, Intel and Amazon to healthcare. His discovery: our solutions are designed-to-adapt Kata’s from leadership to the point of care.
Agile methods are becoming norm as the new working paradigm in our VUCA (volatile, uncertain, complex and ambiguous) world.
Organizations and teams are redesigning how they work in response to change or disruption in their market, as well as the need to gain competitive advantage through digital innovation or an enriched customer experience. The implications of Agile for Human Resources (HR) are huge and without shifting our existing HR processes, adoptability of agile become challenge.
It’s not about managing resources but rather managing people. Agile HR transforms the fundamental principles of HR to into People Operations leading Agile, digital and networked organizations. The aim is to build a shared value between your customers, business and people by:
Adopting a Mindset and a Culture – Embracing the Agile mindset within HR and people practices to incrementally deliver value to your customer
Co-create among the Organization – Applying Agile techniques, like Scrum and Kanban, to self-organize, experiment and co-create directly with your people.
Structure an organisation for connection, not control to empower people to give and do their best.
The document discusses the traits of data-driven organizations and managers. It states that data-driven managers make better decisions by conducting experiments, recognizing varying decision criteria, and learning from mistakes. They also push decision making down the organization to build responsibility and free up senior time. Furthermore, data-driven organizations invest in quality data, constantly reevaluate decisions, and cultivate trusted data sources and skills.
How to Measure and Improve Employee Engagement - A Qualtrics Case Study with ...Qualtrics
This document discusses how Qualtrics helps companies measure and improve employee engagement through surveys. It provides examples of how Sanford Health, a large healthcare organization, uses Qualtrics surveys to gain insights into engagement among its 26,000 employees. The surveys have helped Sanford Health identify engagement drivers, create manager dashboards, and see correlations between engagement and patient satisfaction that have significant financial impacts. Qualtrics provides tools to easily conduct surveys, analyze open-ended responses, and generate real-time reporting dashboards.
How do you boost resilience in adolescents & young adults (AYA) with cancer? Hopelab combines science+design to tackle these complex problems and built a chatbot to do just that.
The challenge - you're mission is to the save the world using games. Does it work? Can it solve problems? It is already happening? Discover how you can transform your life and business using games.
The document discusses how companies can better utilize data and analytics to support decision making rather than focusing primarily on acquiring more data. It argues that most companies do not effectively use the data they already have. To leverage data, companies need to adopt evidence-based decision making as a cultural shift. This involves establishing single data sources, providing real-time feedback to decision makers, explicitly defining and updating business rules based on facts, and coaching employees who make regular decisions. Empowering employees to make decisions based on data analysis, like at Seven-Eleven Japan, can provide competitive advantages if companies learn to effectively capture, analyze, and act on data.
1) Companies should first focus on efficiently using the data they already have to drive decision making before pursuing big data analytics. Few companies are adept at evidence-based decision making.
2) To become more data-driven, companies should establish a single source of performance data, provide regular feedback and training to decision makers, improve business processes based on data, and make adopting an evidence-based culture a priority.
3) Implementing scorecards and starting cultural changes at the subgroup level can help companies exponentially improve decisions by better utilizing the small amounts of data they already have.
Companies are expecting too much from big data without effectively analyzing the data they already have. To benefit from big data, companies must first learn to use existing data to support operational decisions through evidence-based decision making. While this leads to improved business performance, many companies' management practices have not adapted to their technological capabilities. To develop a culture of data-driven decision making, companies should establish single-source data governance, provide real-time performance feedback, regularly update business rules based on facts, and coach employees on data-informed decisions.
Analysis of "You may not need big data after all - Jeanne W. Ross, Cynthia M....Dheepika Chokkalingam
The document discusses how companies can improve decision making through better use of existing data resources rather than relying on big data. It argues that companies first need to learn how to effectively analyze and use the data already in their core systems to support operational decisions before pursuing big data. It provides four key practices of companies with strong evidence-based decision making cultures: 1) establishing a single source of performance data, 2) providing real-time feedback to decision makers, 3) regularly updating business rules based on facts, and 4) coaching employees to make data-driven decisions.
Targeting towards the health and human services communities, this presentation covers the importance of a data-driven culture, how to identify areas where data can be used to innovate and how to recognize the operational processes you must have in place to fully utilize your data.
Creating a Data-Driven Organization (Data Day Seattle 2015)Carl Anderson
Creating a Data-Driven Organization
The document discusses how to create a data-driven organization. It argues that being data-driven requires having strong analytics, a data-focused culture, and using data to drive impact and business results. Some key aspects of a data-driven culture discussed are having a testing mindset, open data sharing, self-service analytics access for business units, broad data literacy, and visible data leadership. The presentation provides examples of actions organizations can take to promote a data-driven culture, such as improving analyst competencies and linking metrics to strategic goals. It cautions that becoming complacent once progress is made can undermine data-driven efforts, as demonstrated by Tesco's experience.
7 Best Data Management Strategies For Better Decision-MakingVeena Ahuja
Efficient data management is necessary to fully utilize data and promote improved decision-making procedures. Here are 7 data management strategies that can significantly improve decision-making processes. EnFuse Solutions India offers valuable expertise and solutions to support businesses on their journey toward optimized data management and enhanced decision-making capabilities. For more information visit here: https://www.enfuse-solutions.com/
Data governance isn't about data. It's about relationships. Who needs information and who has information? How does decision making relate to information, the systems that manage that information, and processes that create information? My wife doesn't spend her time thinking about databases, analytics, enterprise KPIs, and business performance, but she schools me whenever we talk about the daily challenges that confront me during data governance initiatives. These are some lessons from my marriage that are critical to effective data governance.
The document discusses nurturing a data-driven culture in organizations. It notes that while many businesses say they want to be more data-driven, actually making the transition can be challenging. A data-driven culture means putting data and insights into the hands of front-line staff across the organization to power fact-based decisions. The document outlines several challenges to creating a successful data-driven culture, such as examining infrastructure to support effective data use, ensuring buy-in and commitment, fostering professional development, leading by example, establishing regular data meetings, and removing barriers to expansion.
Companies should simplify their analytics strategies by focusing on discovering real business opportunities and outcomes for customers, stakeholders, and employees. They can do this by creating a hybrid data environment that enables fast data movement and using techniques like next-gen business intelligence, data discovery, analytics applications, and machine learning to delegate work to analytics technologies. The optimal path depends on a company's goals, culture, and existing technologies, but generally involves either testing known solutions or taking a discovery-based approach to find patterns for known problem areas. The highest value problems should be addressed first using the most appropriate approach.
The document discusses the importance of using business intelligence and data analytics in staffing and recruiting firms. It notes that only 22% of small to mid-sized organizations currently use business intelligence solutions. It then discusses some common barriers to adopting business intelligence, such as poor data quality, not knowing what metrics to measure, not knowing where to start, and not having enough time. The document proposes focusing on one key metric per day of the workweek to help simplify getting started with business intelligence. It provides examples of metrics to track on each day of the workweek, including open job orders on Monday, sales forecast on Tuesday, etc. The overall message is that regularly analyzing metrics can help improve data quality, decision making and business performance.
Twelve tips are provided to maximize the value of customer surveys:
1) Define clear business questions and objectives to keep the project focused.
2) Estimate the value of the desired information to determine the required effort.
3) Involve key stakeholders to contribute to better design and use of results.
4) Provide researchers with background to improve protocols and instruments.
Presentation on "YOU MAY NOT NEED BIG DATA AFTER ALL" made as a task for the internship on "DATA ANALYTICS WITH MANAGERIAL APPLICATIONS" under Professor Sameer Mathur, IIM Lucknow. Submitted by TARANG JAIN,DTU
Similar to You may not need big data after all (20)
This presentation reports the statistical analysis of TED Talks. It reports various parameters which define the success of a TED Talk and similary failure of a TED Talk. It is the summary of the TED Talk "Lies, Damned Lies and Statistics" by Sebastian Wernicke
This presentation analyzes the HBR Article on "Big Data Hype (and Reality)" by Gregory Piatetsky-Shapiro. It emphasizes on the slow improvement of the technology, but in the end provides the areas where big data is useful.
This presentation analyzes the TED Talk by Sebastian Wernicke
on "How to use data to make a hit tv show". It analyzes the importance of logic in decision making rather than purely depending on data.
The document discusses challenges with hiring data scientists and suggests alternative approaches. It recommends empowering small cross-functional data-oriented teams explicitly tasked with delivering measurable business benefits. This builds internal data capabilities rather than just hiring expertise. It also stresses the importance of making data science a cultural value throughout the organization so that all employees understand basic principles and practices of data science.
This document discusses how to spot bad statistics. It provides three questions to ask: 1) Can you see uncertainty in the data? Many visualizations overstate certainty. 2) Can I see myself in the data? Data needs context about how it relates to people's lives. 3) How was the data collected? It's important to understand how surveys and studies were conducted. Bad statistics can mislead decision making, so it's crucial to evaluate data collection methods and understand limitations to get full context. Statistics are still important for policymaking, but they must be questioned and interpreted carefully.
The presentation analyzes the HBR article "A Predictive Analytics Primer" by Tom Davenport. It gathers insights on How can we predict better, with better assumptions.
Hans Rosling gives a TED talk debunking myths about developing countries with compelling statistics. Thomas Davenport argues that data is useless without good communication. Hans Rosling advocates making publicly available data searchable and visualized to improve understanding. A manager learns that companies should transform database data into logical infographics while protecting confidential information, and encourage using data insights. Better visualizations of available information can improve decision making.
The document discusses the importance of communicating data effectively. It notes that there is a pressing need for more businesspeople who can make decisions based on data analysis. While it is not necessary for managers to crunch numbers themselves, they must be able to communicate quantitative insights to diverse audiences. Effective communication involves understanding the audience, presenting the appropriate level of detail, and focusing on implications rather than just results. When data is communicated well, it can help organizations make better decisions.
The document discusses how data-driven companies are more profitable and provides insights into becoming data-driven. It recommends making decisions throughout the organization to free up senior time. It also stresses investing in quality data sources that others can trust to align with decisions. Managers should push decision making down, invest in quality data, and bring new data technologies into their organizations to reap the profit benefits of a data-driven approach.
Jer Thorp is a data artist who adds humanity to technology by discovering relationships on the internet and building narratives from pieces of information. He argues that numbers represent real world things and are inherently human. His insights are that data gains meaning when put in a human context by bringing the human element into stories, which builds empathy and respect missing from technology. There is a need for more inclusion of artists, poets and writers to highlight humanity in data science.
The document discusses the challenges of drawing insights from big data. It notes that interpreting big data requires critical thinking to understand human expression and account for uncertainty. Managers can better understand data by asking focused questions, considering language and cultural differences, and using multiple disciplines like linguistics and ethics. While big data offers opportunities, organizations must thoughtfully source, analyze, and communicate data to earn and maintain public trust.
The presentation talks about "Data Science being the sexiest job of the 21st century". What are the challenges faced by the industry and how to Overcome them, is the main theme of the presentation
This presentation analyses the beautiful TED Talk of Alan Smith on "Why should you love statistics". Gathering the insights and employing those insights is the major task of this presentation.
Enhanced Enterprise Intelligence with your personal AI Data Copilot.pdfGetInData
Recently we have observed the rise of open-source Large Language Models (LLMs) that are community-driven or developed by the AI market leaders, such as Meta (Llama3), Databricks (DBRX) and Snowflake (Arctic). On the other hand, there is a growth in interest in specialized, carefully fine-tuned yet relatively small models that can efficiently assist programmers in day-to-day tasks. Finally, Retrieval-Augmented Generation (RAG) architectures have gained a lot of traction as the preferred approach for LLMs context and prompt augmentation for building conversational SQL data copilots, code copilots and chatbots.
In this presentation, we will show how we built upon these three concepts a robust Data Copilot that can help to democratize access to company data assets and boost performance of everyone working with data platforms.
Why do we need yet another (open-source ) Copilot?
How can we build one?
Architecture and evaluation
Analysis insight about a Flyball dog competition team's performanceroli9797
Insight of my analysis about a Flyball dog competition team's last year performance. Find more: https://github.com/rolandnagy-ds/flyball_race_analysis/tree/main
The Building Blocks of QuestDB, a Time Series Databasejavier ramirez
Talk Delivered at Valencia Codes Meetup 2024-06.
Traditionally, databases have treated timestamps just as another data type. However, when performing real-time analytics, timestamps should be first class citizens and we need rich time semantics to get the most out of our data. We also need to deal with ever growing datasets while keeping performant, which is as fun as it sounds.
It is no wonder time-series databases are now more popular than ever before. Join me in this session to learn about the internal architecture and building blocks of QuestDB, an open source time-series database designed for speed. We will also review a history of some of the changes we have gone over the past two years to deal with late and unordered data, non-blocking writes, read-replicas, or faster batch ingestion.
4th Modern Marketing Reckoner by MMA Global India & Group M: 60+ experts on W...Social Samosa
The Modern Marketing Reckoner (MMR) is a comprehensive resource packed with POVs from 60+ industry leaders on how AI is transforming the 4 key pillars of marketing – product, place, price and promotions.
Beyond the Basics of A/B Tests: Highly Innovative Experimentation Tactics You...Aggregage
This webinar will explore cutting-edge, less familiar but powerful experimentation methodologies which address well-known limitations of standard A/B Testing. Designed for data and product leaders, this session aims to inspire the embrace of innovative approaches and provide insights into the frontiers of experimentation!
STATATHON: Unleashing the Power of Statistics in a 48-Hour Knowledge Extravag...sameer shah
"Join us for STATATHON, a dynamic 2-day event dedicated to exploring statistical knowledge and its real-world applications. From theory to practice, participants engage in intensive learning sessions, workshops, and challenges, fostering a deeper understanding of statistical methodologies and their significance in various fields."
Learn SQL from basic queries to Advance queriesmanishkhaire30
Dive into the world of data analysis with our comprehensive guide on mastering SQL! This presentation offers a practical approach to learning SQL, focusing on real-world applications and hands-on practice. Whether you're a beginner or looking to sharpen your skills, this guide provides the tools you need to extract, analyze, and interpret data effectively.
Key Highlights:
Foundations of SQL: Understand the basics of SQL, including data retrieval, filtering, and aggregation.
Advanced Queries: Learn to craft complex queries to uncover deep insights from your data.
Data Trends and Patterns: Discover how to identify and interpret trends and patterns in your datasets.
Practical Examples: Follow step-by-step examples to apply SQL techniques in real-world scenarios.
Actionable Insights: Gain the skills to derive actionable insights that drive informed decision-making.
Join us on this journey to enhance your data analysis capabilities and unlock the full potential of SQL. Perfect for data enthusiasts, analysts, and anyone eager to harness the power of data!
#DataAnalysis #SQL #LearningSQL #DataInsights #DataScience #Analytics
Natural Language Processing (NLP), RAG and its applications .pptxfkyes25
1. In the realm of Natural Language Processing (NLP), knowledge-intensive tasks such as question answering, fact verification, and open-domain dialogue generation require the integration of vast and up-to-date information. Traditional neural models, though powerful, struggle with encoding all necessary knowledge within their parameters, leading to limitations in generalization and scalability. The paper "Retrieval-Augmented Generation for Knowledge-Intensive NLP Tasks" introduces RAG (Retrieval-Augmented Generation), a novel framework that synergizes retrieval mechanisms with generative models, enhancing performance by dynamically incorporating external knowledge during inference.
2. INSIGHTS: “You May Not Need
Big Data After All”
By - Jeanne W. Ross, Cynthia
M. Beath and Anne Quaadgras
3. Big data has been hyped so
heavily that companies are
expecting it to deliver more
value than it actually can
1 2
Adoption of the
culture called
“Evidence based
Decision Making”
4. Companies are investing
like crazy in data
scientists, data
warehouses, and data
analytics software. But
many of them don’t have
much to show for their
efforts. It’s possible they
never will.
5. • The biggest reason that
investments in big data fail to pay
off, though, is that most
companies don’t do a good job
with the information they
already have.
• They don’t know how to manage
it, analyze it in ways that enhance
their understanding, and then
make changes in response to
new insights.
7. 1. Empowering Employees to Make
Good Decisions
• Betting your business success on the
ability of good people to use good data
to make good decisions.
• Empowering employees in this way,
and arming them with the data they
need, helps them make better
operating decisions on a daily basis.
8. 2. Agree on a Single Source of
Truth
• Universal acceptance of one source of truth
is the first step in adopting a culture of
evidence-based decision making.
• It’s okay if the data are initially flawed,
because it takes time for people to learn
how to use a single source.
9. 3. Use Scorecards
• The best way to teach people how to
use data to create business benefits
is to provide them with data about
their own performance.
• Regular scorecards clarify individual
accountability and provide consistent
feedback so that individuals know how
they are doing.
10. 4. Explicitly Manage Your
Business Rules
• Ideally, business rules align the
actions of operational decision
makers with the strategic
objectives of the company.
• Companies with a culture of
evidence-based decision making
see to it that business rules are
continually assessed and
improved by articulating them
clearly and ensuring consistency
across the company.
11. 5. Use Coaching to
Improve Performance
• The secret sauce is continual
coaching aimed at improving the
performance of every individual.
• With customer-facing employees,
this often involves helping them
realize the importance of their own
behavior—teaching them that they
can.
12. 6. A Gradual Shift
• In a culture of evidence-based decision
making, people who perform routine
work suddenly find themselves more
responsible for outcomes than for the
number of hours they put in.
• In most organizations it will not be
possible to overlay this new culture on
existing structures, roles, and
processes. The change will be a
disruptive one.
14. 1
Better Employees-Manager
Relations
Empowering the employees
with faith in them can result out
in better understanding which
further enhances the human
resources of the company.
2
Cost-saving for the company
Instead of investing in lots of
big data, invest in lot of little
data, which forms the core of
the business.