Are you data driven? insights by shesha

1. ARE YOU DATA DRIVEN?
by Thomas C. Redman

2. The term “data-driven” is penetrating the
leexicon ever more deeply these days.

3. INSIGHT
Companies that regard themselves as “data-
driven” are measurably more profitable than
those that aren’t.

4. So becoming data- driven is clearly a
worthwhile endeavor.

5. Traits of the Data-Driven
 Make decisions at the lowest possible level
 Bring as much diverse data to any situation as they possibly can
 Use data to develop a deeper understanding of their worlds
 Develop an appreciation for variation
 Deal reasonably well with uncertainty

6. Traits of the Data-Driven
 Integrate their ability to understand data and its implications with their intuitions
 Recognize the importance of high-quality data and invest to make improvements
 Conduct good experiments and research
 Recognize that decision criteria can vary with circumstances
 Realize that making a decision is only the first step

7. Traits of the Data-Driven
 Work hard to learn new skills and bring new data and new data technologies (big data, predictive
analytics, metadata management, etc.) into their organizations
 Learn from their mistakes

8. INSIGHT 2
The data-driven place high demands on
their data and data sources.

9. So managers invest in quality data and
cultivate data sources they can trust. As a
result, when a time-sensitive issue comes up
they are prepared.

10. High-quality data makes it easier to
understand variation and reduces
uncertainty.

11. Success is measured in execution, and high-
quality data makes it easier for others to
follow the decision-makers ’logic and align to
the decision.

12. The data-driven are constantly reevaluating
and refin- ing their decisions along the way.

13. Be hard on yourself. If you can only cite an
instance or two, don’t give yourself any credit.

14. THANK-YOU

15. Submitted for internship “Data Analytics”
under Sameer Mathur,IIML
By,
S Sheshasai Venkatesh
Vasavi college of Engineering