Yes, data is the new oil! Whether structured or unstructured, data can be very valuable to synthesize insights using analytics and machine learning models.
But, who will do this work? Who will process the data? Forrester found that between 60-73 percent of all data in any organization is never analyzed.
Data scientists can build scalable models, but what about 100s of decisions that are needed to be taken in day-to-day operations like:
- Should we hire this person?
- What should we focus to improve productivity?
- Can we optimize the current capacity?
- In which geographies should we be growing?
- Is the new policy yielding desired results? If no, what should be tweaked?
- And, so on
Not only leaders, but employees across levels need a strong analytics-driven decision mindset to drive growth for the organization using data. This includes reading, understanding, questioning and working with data. They should be able to answer questions like:
- What is the real problem? What data do we need to find out the drivers?
- What is the source of your data?
- How much data should we be collecting? How to optimize effort involved?
- How do we pre-process the data and make it suitable for analysis?
- What assumptions are behind your analysis & how they will impact the results?
- Which analytical approach are you using & why?
- How do we interpret the results?
Does this resonate with you?
Then building Analytics-Driven Decision Mindset your priority.
Enhancing Analytics-Driven Decision Mindset
We can help you in a variety of ways, such as:
- Data culture assessment
- Variety of analytics workshops for different functions such Sales, Operations, HR, Marketing
- Mentoring of analytics, machine learning and AI projects
- Data Discovery – Performing exploratory data analysis (EDA) and Predictive Modeling
But it all depends on what your real pain point is? Contact us to identify simplest ways to help you make quick, lasting and measurable impact.
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