Tag: data driven decision making

Data Management
Matthew Magne 0
What can a garage storage system, kayak and surfboard teach you about data modernization?

Two years ago, I found myself the proud, first-time owner of a garage. My wife and I quickly started to add new items to the garage – a battery-powered lawn mower, two beach cruisers and four Tommy Bahama beach chairs. They were stored with ease. What a fantastic world I'd been missing out on. But it wasn't long before we outstripped our

Jim Harris 0
Sisyphus didn’t need a fitness tracker

In his pithy style, Seth Godin’s recent blog post Analytics without action said more in 32 words than most posts say in 320 words or most white papers say in 3200 words. (For those counting along, my opening sentence alone used 32 words). Godin’s blog post, in its entirety, stated: “Don’t measure

Jim Harris 0
Data science versus narrative psychology

My previous post explained how confirmation bias can prevent you from behaving like the natural data scientist you like to imagine you are by driving your decision making toward data that confirms your existing beliefs. This post tells the story of another cognitive bias that works against data science. Consider the following scenario: Company-wide

Jim Harris 0
Can data change an already made up mind?

Nowadays we hear a lot about how important it is that we are data-driven in our decision-making. We also hear a lot of criticism aimed at those that are driven more by intuition than data. Like most things in life, however, there’s a big difference between theory and practice. It’s

Jim Harris 0
Data science and decision science

Data science, as Deepinder Dhingra recently blogged, “is essentially an intersection of math and technology skills.” Individuals with these skills have been labeled data scientists and organizations are competing to hire them. “But what organizations need,” Dhingra explained, “are individuals who, in addition to math and technology, can bring in

Jim Harris 0
The data that supported the decision

Data-driven journalism has driven some of my recent posts. I blogged about turning anecdote into data and how being data-driven means being question-driven. The latter noted the similarity between interviewing people and interviewing data. In this post I want to examine interviewing people about data, especially the data used by people to drive

Data Management
Alyssa Farrell 0
A must-read for petroleum professionals

Oil companies are being forced to explore in geologically complex and remote areas to exploit more unconventional hydrocarbon deposits.  New engineering technology has pushed the envelope of previous upstream experience.  No guidebook existed on how computing methodologies can contribute to E&P performance at reduced risk.  Until now. A new book

Analytics
Aiman Zeid 0
Only leaders can transform organizations

When the Apple Macintosh hit the market, analysts were not impressed. But Steve Jobs’ vision ended up transforming our lives. Apple is celebrating its 30th anniversary this year and has become a global household name. Jobs’ ability to direct his organization to develop easy to use products not only met

Analytics | Customer Intelligence
Aiman Zeid 0
Valentine’s Day might be romantic, but making money off it requires data driven decision-making

Valentine’s Day is one of those make-or-break holidays for gift retailers. They are selling "nice to have" items, not necessities. Many use some type of analytics to segment customers for personalized messages. It's not as straightforward as it sounds, especially if the organization hasn't committed to an enterprise-wide approach to

Analytics
Georgia Mariani 0
Best practice #10: publicize the system

We have come very far in our journey (I started this series in March) to the 10 best practices from education customers for information management, reporting and analytics. Lets’ recap our journey of the previous nine blogs: Securing executive sponsorship. Identifying and involving stakeholders early and assessing their unique needs.

Analytics
Georgia Mariani 0
Best practice #5: Optimize reporting processes

We are half way through my blog series counting to 10 best practices for information management, reporting and analytics. To recap, we have learned the importance of: Securing executive sponsorship. Identifying and involving stakeholders early and assessing their unique needs. Identifying and integrating data sources. Managing user expectations proactively. This

Michael Newkirk 0
Is manufacturing dead in America?

I was privileged to attend the National Association of Manufacturers (NAM) Board of Directors meeting in Washington D.C. recently. Attended by some 300 senior executives of American Manufacturing companies, it was like a who’s-who in brand names anyone would recognize. NAM is a very big influencer of public policy on

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