Day: October 13, 2016

3 Tips to Maximize the Potential in Your Data

Data is the lifeblood of the 21st Century business.

If you aren’t using your business data to optimize your processes, increase your profits and fuel your decision-making, then you are behind the times.

So let me give you 3 tips to maximize the potential in your business data.

Tip #1 – Map Out Your Data Environment

Tip #2 – Identify Your Data Geeks

Tip #3 – Get On the Same Page

Most businesses don’t have a good map of how their data flows through their business. Just about every employee, every team and every location is stock full of data that can be useful. But, in most businesses there is little understanding of how it is all connected.

You need to know how data is acquired, how it is stored, and how it is accessed. How often is it refreshed? How clean is it? How valid is it? If you have answers to these questions you can build a map of your business data. Like a flowchart.

As you map out the flow of data in your business, you can also identify the data geeks in your business. The ones who understand the value of using data to make decisions. The curious ones who ask a lot of questions. You need to empower these people.

Once you have a data map and you have brought together your data geeks, then you need to get them all on the same a page.

I’d suggest bringing in a consultant who can give you a new and unbiased perspective on how to deal with analytics roadblocks. Places, processes and people in the business who aren’t in synch.

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Another option would be to send the team to a training class facilitated by an expert… someone like me.

If you need a place for your team of data geeks to get outside the box an get on the same page, I will be facilitating a training class on February 21 in Ortigas.  Send us an email @ analytics@dmaiph.com to sign up or request more details. 

I will help you come up with a analytics action plan to help you start taking advantage of the business data you have in order to increase efficiency and grow profits.

Analytics Training – DMAIPH offers a wide range of analytics centric training solutions for professionals and students via public, in-house, on-site, and academic settings. We tailor each training event to meet the unique needs of the audience. If you need empowerment and skills enhancement to optimize the use of analytics in your organization, we are here to help. Contact DMAIPH now at analytics@dmaiph.com or connect with me directly to set up a free consultation on which of our DMAIPH analytics training solutions is best for you.

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Unlock the Power in Your Data Using Analytics – All Attendees Get A Copy of My Book!

E-mail us at analytics@dmaiph.com to register for the training or to request more information! 

By now just about everyone knows that there is almost limitless opportunity buried in their business data. The big question facing business analysts, leaders, managers, and owners is how do I unlock that potential.

For a lot of us, we just aren’t sure where to start.

Do we go out and hire an expert analyst or data scientist and hope they can make it all work out?

Do we buy a new business intelligence or data modeling software and hope our current team can figure it out?

Do we send our people to training so they can learn new ways to identify, inventory and integrate business data into our decision-making processes?

Well, successful companies do all three. They line up the talent, technology and technique to empower the business with solid analytics.

Hiring a new employee or brining in a consultant will help you address the lack of talent you have working with your business data. Curious people, adept at working with technology and being able to translate your business questions in to valuable insights is generally step one.

As you bring that new person into the fold though, it is just as important to make sure your team is ready to start using more data in their business processes. You can’t expect one person to fix it all, you need to open up your business culture to embrace more data-driven decision-making.

Once you have the talent in place then I suggest you focus on technique.

Invest in some training to get everyone on the same page. If you have a technological solution in mind, then have them trained on that too. So much time is lost because people tasked with analytics are under trained.

Then, when you have everything lined up. That’s when you spend on a software solution. New tools for data acquisition, storage, analysis and reporting generally fail if you don’t have the talent and technique in place first.

If you still aren’t sure how to get started, I will be facilitating a training class on February 21, 2017 at Discovery Suites in Ortigas.

I will help you come up with a analytics action plan to help you start taking advantage of the business data you have in order to increase efficiency and grow profits.

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Analytics Training – DMAIPH offers a wide range of analytics centric training solutions for professionals and students via public, in-house, on-site, and academic settings. We tailor each training event to meet the unique needs of the audience. If you need empowerment and skills enhancement to optimize the use of analytics in your organization, we are here to help. Contact DMAIPH now at analytics@dmaiph.com or connect with me directly to set up a free consultation on which of our DMAIPH analytics training solutions is best for you.

Measurement and Evaluation: Analytics and Data Driven Decision Making

Recently Worked on a paper for a school… interesting topic…Measurement and Evaluation Analytics and Data Driven Decision Making.

I will also be doing a related webinar this coming Feb 15 entitled Analytics & Data-Driven Decision-Making.

Webinar details:

February 15, 2017

1pm Eastern

Webpage with webinar registration links: http://programs.online.american.edu/msme/webinars

The ability to effectively evaluate projects, programs and processes requires a thorough understanding of analytics.

Analytics is generally defined as the discovery of patterns in data that provides insight and identifies opportunities.

Organizations that invest in analytics generally make much better business decisions then one’s that don’t.

In fact, IBM found that organizations who use analytics are up to 10x more efficient and 33% more profitable the ones who don’t.

A good analytics solution constructs a universal framework for collecting, analyzing and using data to determine project effectiveness and efficiency.

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As the amount of data available increases daily, the use of analytics is becoming essential to all levels of an organizational today.

This Big Data allows both deeper analysis but also requires more skill in getting to the right data.

By taking inspiration from the way corporations use business analytics to optimize their Big Data, our program measurement and evaluation processes can be greatly enhanced.

Bringing data together from a variety of sources and integrating the data into the decision-making processes, allows the empowerment of decision-makers to make much more intelligent choices.

When analytics driven leaders possess the practical assessment skills needed to evaluate projects bridging various sectors and industries, they are much more effective then ones that don’t.

In today’s information age, the quick and efficient measurement and evaluation of projects using analytics ensures success with corporate, non-profit and governmental organizations across various sectors and industries.

Analytics Education – Facilitating a mastery of the fundamentals of analytics is what DMAIPH does best. All across the world, companies are scrambling to hire analytics talent to optimize the big data they have in their businesses. We can empower students and their instructors with the knowledge they need to prepare for careers in analytics. Contact DMAIPH now at analytics@dmaiph.com or connect with me directly so we can set a guest lecturer date, On-the-Job Training experience or other analytics education solution specifically tailored to your needs.