Inspired in part by Bernard Marr’s 2010 book, The Intelligent Company, my goal these past several years has been to build and/or be part of data-driven business cultures.
In his book, Bernard advocates for using Evidence-Based Management, that is using the best available data to inform decision-makers. In parallel to this, I have been empowering companies and professionals to empower decision-makers to use more data as well. I call it data-driven decision-making, but at their cores, they are very similar approaches to managing success.
Over the next several blog posts I will share my thoughts on the steps Bernard published. I will be giving my own spin towards more analytics and data-science, two things that I think have accelerated in importance since the book went to print six years ago.
The cornerstone of the book is the five steps to more intelligent decision-making, which are:
- Step 1. More intelligent strategies – by identifying strategic priorities and agreeing your real information needs
- Step 2. More intelligent data – by creating relevant and meaningful performance indicators and qualitative management information linked back to your strategic information needs
- Step 3. More intelligent insights – by using good evidence to test and prove ideas and by analyzing the data to gain robust and reliable insights
- Step 4. More intelligent communication – by creating informative and engaging management information packs and dashboards that provide the essential information, packaged in an easy-to-read way
- Step 5. More intelligent decision-making – by fostering an evidence-based culture of turning information into actionable knowledge and real decisions.
As information and data volumes grow at explosive rates, the challenges of managing this information is turning into a losing battle for most companies. In the end they find themselves drowning in data while thirsting for insights. Combine this with an increasingly severe shortage of talent with analytics, data visualization and good communication skills, things look bleak for companies not adhering to lessons like those suggested in the Intelligent Company.
I get this stuff. In response to a quickening demand for knowledge and know how, I have developed training materials to address these decision-making challenges. The reason I founded DMAI in the first place was to empower more data-driven Decision-Making through the use of Analytics and business Intelligence. I’m happy to help you enable better decision-making in your business and turn it into an Intelligent Company.
Analytics Culture – The key to using analytics in a business is like a secret sauce. It is a unique combination of analytics talent, technology and technique that are brought together to enrich and empower an organization. A successful analytics culture is not easy to create, but DMAIPH can show you how. Contact DMAIPH now at email@example.com or connect with me directly so we can build a strategic plan to turn your company into analytics driven success story.