Decision-Making with Data Learning Session with Ariva Events

This coming Friday, March 31, in Ortigas, I will be Data-Driven Decision-Making for Executives, Managers and Leaders. I will focus on proven strategies of data mastery go a long way to becoming a Data-Driven Leader.

This master class  is for you if you feel like you’re drowning in data and unsure which data to use to drive your companies decision-making processes.

Information is supposed to make decision-making faster and easier, but more often than not, it simply overwhelms our ability to accurately use the data we have in our business.

The truth is that the amount of data available to help run your business is greater than ever before. To effectively use this information, exeuctives, managers and leaders must consider the practical side of big data and how best to use it to make better decisions…because what matters to you is how do you grow and build a team to make smarter decisions. Much of the information out there just discusses the promise of the data deluge.

The challenge is not the volume of data but rather the judgment needed to use it. This learning session  is specifically designed for executives, managers and leaders to learn techniqeues that will ensure reliable business decisions can be made based on the massive amounts of data at your fingertips.

Through a series of case studies, exercises and interactive lecture, we will cover the following:

  • Specific skills to effectively frame the problem you’re addressing to uncover key opportunities and drive growth
  • Critical marketing steps of orientation necessary before engaging tools and technology
  • How to simply and quickly amplify decision making by separating the signal from the noise
  • A framework for asking the right questions, allowing the ability to link analytics to business strategy

Attendees will also be able to learn how to do the following things for their team:

  • Learn the best practices for organizing, summarizing, and interpreting quantitative data
  • Create a repeatable process for analyzing your data
  • Bring out patterns in data that were not apparent at first glance
  • Identify and explain tools for data analysis
  • Shorten the time between analysis and action to avoid “analysis paralysis”
  • Know how to get from hard data to well-reasoned conclusions

There are still seats available, contact me at danmeyer@dmaiph.com so I can connect with you my events partner, Ariva.

http://www.ariva.com.ph/data-driven-decision-making/

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Why Analytics Projects Fail – #8: Lack of Resources

To start with a lack of resources should probably be called lack of time. Lack of time to design an effective strategy. Lack of time to find the right talent. Lack of time to get everyone on the same page.  We are all just too busy and have too much to do. We say lack of resources, but mostly we mean our team doesn’t have time.

A lot of times you hear about failures with analytics projects is because of lack of resources. When I hear about this, I always ask for a better definition of what is meant by lack of resources. Is it lack of leadership support, lack of funding, lack of strategy, lack of focus and vision, lack of talent? They are all often disguised as lack of resources.

In each of the previous seven blogs in this series I talked about a reason why analytics projects fail and since they can all fall under the boarder lack of resources, let’s do a quick recap.

  1. Lack of Focus – People are not on the same page
  2. Lack of Vision – People don’t know where this is going
  3. Lack of Management Support – People don’t know who to follow
  4. Lack of a Champion – People have no one to cheer lead
  5. Lack of Organizational Support – People don’t really care
  6. Lack of Funding – People don’t want to waste money on this
  7. Lack of Talent – People can’t do the job

There are all people driven reasons for why your project may be in danger of failing. They are all fixable using people skills. This is why I often argue a good analyst who can communicate is worth more than a great analyst who cannot. The reasons why analytics projects most often fail is human, not technological.

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In the end, for whatever of the reasons above, your project is in jeopardy, it will be up to you to show people why they should invest the time needed to get things back on track.

You have to push for focus, share the vision, educated your managers, become a champion, gain organizational support, secure funding and align the right talent to make things work.

I have been in this situation numerous times. In every situation the one constant variable that changed possible failure into a success was me. Bring a truly great analyst means showing people how your project will be a solution to their problems and is well worth their investment of time.

When you do this, they you won’t be in a place where lack of resources dooms your analytics project.

#IamDMAI

Analytics Culture – The key to using analytics in a business is like a secret sauce that fuels Data-Driven Decison-Making. 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 analytics@dmaiph.com or connect with me directly so we can build a strategic plan to turn your company into analytics driven success story.

How High Is Too High? I Don’t Ever Want To Find Out

Somedays I ask myself, why am I never satisfied?

What caused me to be one always looking for ways to improve?

It can be a lonely place sometimes when you have your bar set higher then most people would even dare to reach for.

It can be a sad place when you realize you have gone as far as you can go with some people.

My life is full of instances where people just gave up on trying to follow me.

They choose a path more traveled and less difficult.

I can never do that.

Until my dying breath I will aim high.

I will not always reach that goal, but I will never have to look myself in the mirror and lie to myself about giving my best.

For giving my best is what I have always done and will always do.

I am stubborn in the belief that I can do anything and refuse to give up hope.

For those who choose to get left behind, I am sad you stopped reaching for the stars.

You settled for half way.

But not me. Never me. Its not possible for me too do what you do.

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Analytics Leadership – DMAIPH specializes in arming the Data-Driven Leader with the tools and techniques they need to build and empower an analytics centric organization. Analytics leadership requires a mastery of not just analytics skill, but also of nurturing an analytics culture. We have guided thousands of Filipino professionals to become better analytics leaders. Contact DMAIPH now at analytics@dmaiph.com or connect with me directly to discuss a uniquely tailored strategy to ensure you are the top of your game when it comes to Analytics Leadership.

Sustaining Excellence

Still super happy over the Golden State Warriors going the NBA Finals the past two years. Winning a title, setting the records for wins… The way they did it, was a marvel to watch.

They lead their division from the beginning and never looked back. That take a special group to be consistent day in and day out.

They won with a first year head coach. That’s saying something that things were set up so well, that a new leader was able to step in and excel.

They beat the team with the best player in the world. Role players stepped up and made a difference. They wore LeBron out in a way that he never saw coming.

Now can they be a dynasty? Can they repeat this success or was it just a one-time thing? We will find out this year with the much hoped for Warriors-Cavs Round 3.

When you look across the San Francisco Bay, you see a team that is a true dynasty. The San Francisco Giants have one 3 World Series titles in 5 years. They made the playoffs again last year and are always in the hunt.

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Besides having many of the same characteristics of the Warriors, the Giants have been able to take things to the next level.

Like the Warriors, they have a lot of home grown talent. That’s a proven way to go in any medium.

The Giants also have true starts who are not as well-known as the stars on the team they have beaten. They are hard workers who give it their all time and again.

There are a lot of lesson business leaders can learn from watching the way these team succeed… perhaps a future blog post on that.

But for now, as a huge fan of both teams… as I celebrate once again… I can only hope that the Warriors can sustain excellence like the Giants have.

It’s a great time to be a sports fan in the Bay Area. Truly a home of excellence!

How do you measure excellence in your business?

Do you have a way to know what your “win-loss” record is?

Do you know where you stack up against the competition?

If you don’t, then you need analytics. The Warriors and the Giants have two of the biggest analytics teams in professional sports. They invest and it pays off.

How about you?

We can show you how to set up your analytics which will translate to a level of excellence you have never know before.

DMAIPH specializes in arming the Data-Driven Leader with the tools and techniques they need to build and empower an analytics centric organization. Analytics leadership requires a mastery of not just analytics skill, but also of nurturing an analytics culture. We have guided thousands of Filipino professionals to become better analytics leaders. Contact DMAIPH now at analytics@dmaiph.com or connect with me directly to discuss a uniquely tailored strategy to ensure you are the top of your game when it comes to Analytics Leadership.

A Few More Thoughts On Leadership

Most of my blog posts the past few weeks have been focused on leadership.

As my company grew from 6 to almost 100 in just 18 months we were forced to make a lot of quick decisions that have not always turned out to be the best long term solutions. So now I reflect on those lessons. How to move away from making snap judgments based and move more into data-driven decision making. That’s always been the goal.

Here are so of my favorite quotes on leadership and how I plan to wrap them into my leadership meeting next week.

Jack Welch said that, “Before you are a leader, success is all about growing yourself. When you become a leader, success is all about growing others.” I firmly believe this and have tried hard to instill this sense of purpose in my leaders. However, we have a lot more work to do before we have an organization full of people looking out for the success of others before looking out for their own success first.

A big part of this is to constantly be pushing the organization to evolve and to never rest. Peter Drucker said that “Leadership is lifting a person’s vision to high sights, the raising of a person’s performance to a higher standard, the building of a personality beyond its normal limitations.” That’s my point exactly. We look at the data, analyze our performance and determine what to improve next.

From our recent survey, we know our team members crave feeling valued and being appreciated more than they depend on being paid well. We need to focus on this and build a recognition program that show value and share appreciation. Sam Walton once said, “Outstanding leaders go out of their way to boost the self-esteem of their personnel. If people believe in themselves, it’s amazing what they can accomplish.” For us to reach the next level of success as a company this sense of empowerment needs to permeate through the ranks.

I hate when I have to manage people because things aren’t being done they way I expect them to get done. Part of that comes from my own failures in instilling this lesson in others. “Leadership is the art of getting someone else to do something you want done because he wants to do it.”  from General Dwight Eisenhower. We do too much bossing and not enough uplifting others to dream the same dream we do.

And finally, from John Quincy Adams, “If your actions inspire others to dream more, learn more, do more and become more, you are a leader.” To me that is the most important measurement for us to look at. Everything else comes next.

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Analytics Leadership – DMAIPH specializes in arming the Data-Driven Leader with the tools and techniques they need to build and empower an analytics centric organization. Analytics leadership requires a mastery of not just analytics skill, but also of nurturing an analytics culture. We have guided thousands of Filipino professionals to become better analytics leaders. Contact DMAIPH now at analytics@dmaiph.com or connect with me directly to discuss a uniquely tailored strategy to ensure you are the top of your game when it comes to Analytics Leadership.

Leading vs. Managing vs. Bossing

The definition of Leading is exercising leadership by providing direction or guidance.

The definition of Managing is to direct or supervise employees or other staff by exerting control.

The definition of Bossing is to give orders to, especially in an arrogant or domineering manner.

Leaders generally try and empower, educate and uplift people working under them in an organization. At times they many need to manage employees who have gone off track, but generally only use this to optimize short term results. Although sometimes managing and bossing can feel the same to the employee, good leaders never have to result to bossing.

Managers generally try to motivate employees to meet business needs. At times the pressure for results will force managers to exert control over their employees to get results. This can generally fee like bossing. Employees that feel like they are constant being directed to do things that are unclear to them how and/or why they are doing it never feel like they are being lead.

People who are in positions of authority who are always bossing are not well liked by their employees. Employees do not feel valued or appreciated when they are constantly being bossed. Bosses use fear and intimidation to drive results, which generally fall short of business goals.

The ironic thing about these definitions is Bosses don’t generally realize they are Bosses. They think they are good managers and even good leaders. Managers generally know they are not Bosses, which is good, but they generally are not in a situation where they can be good leaders.

On the other hand, Good Leaders are always cautious of trying not to fall into the traps of managing people or being the boss.  They constantly appreciate feedback to help themselves improve and see their own style of running a business as always evolving.

For a business to be successful you need leaders who can occasionally manage and once in a while be a boss, but most of their time is spent trying take the business to a higher level. That’s my dream for DMAIPH.

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Analytics Leadership – DMAIPH is a founding member of the Analytics Council of the Philippines and specializes in arming the Data-Driven Leader with the tools and techniques they need to build and empower an analytics centric organization.

Analytics leadership requires a mastery of not just analytics skill, but also of nurturing an analytics culture. We have guided thousands of Filipino professionals to become better analytics leaders. Contact DMAIPH now at analytics@dmaiph.com or connect with me directly to discuss a uniquely tailored strategy to ensure you are the top of your game when it comes to Analytics Leadership.

Adding Value

One of the keys to my success is that I make sure to add value to what ever it is I am doing.

As an analyst, putting in a little extra time to make sure I had the right data to answer questions. In addition, I’d not just answer the question, I’d get into the head of the person who wanted my analysis and think about what new questions they might have and answer them too. I’d always be one step ahead and that added a lot of value to the business.

As a manager, I always look at each team member in terms of how much and what kind of value can they add to the business both now and long term. In each of my interactions, even the “negatives” can be used to add value long term to that persons career development as well as to the business.

As a businessman, I look at what we can do to add value to the life and well beings of our customers. What kind of training or analysis work can we provide to help them be more successful and add value in what ever it is they do.

Adding value is something that is not just a catch phrase or a motto… its something deeply ingrained in who I am as a person and what my company DMAIPH stands for.

Adding value is not just about customer service, integrity, professionalism or things like that… to me its about doing the making the world a better place one interaction at a time.

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So ask yourself… what adds value to your work, to your life and what do you do that adds value to someone else’s work or life. It the answer is not immediately obvious, then you are doing something wrong.

General Analytics – Analytics is the application of using data and analysis to discover patterns in data. DMAIPH specializes in empowering and enabling leaders, managers, professionals and students with a mastery of analytics fundamentals.

Analytics Leadership – DMAIPH is a founding member of the Analytics Council of the Philippines and specializes in arming the Data-Driven Leader with the tools and techniques they need to build and empower an analytics centric organization.

Analytics leadership requires a mastery of not just analytics skill, but also of nurturing an analytics culture. We have guided thousands of Filipino professionals to become better analytics leaders. Contact DMAIPH now at analytics@dmaiph.com or connect with me directly to discuss a uniquely tailored strategy to ensure you are the top of your game when it comes to Analytics Leadership.

The Analytics Driven Leader: Demystifying Strategy

As I prepare for spending the bulk of the upcoming year in Philippines I have several goals in mind; publish my next book, launch a new side business and spend quality time with as many of my team members as possible. And when I think of the conversations I want to have with the team, demystifying strategy and empowering more data-driven decision making are top of mind.

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Business Strategy can be a complicated thing for many reasons. First and foremost because although you can have big goals that everyone can see, the fluid nature of pushing a business forward makes it hard for many to conceptualize.

In our case we have gone from a company of 6 with one business line to a company of over 100 with six business lines in just 18 months. On top of that we have diversified from one legal entity with one purpose to three legal entities with complimentary purposes. It’s a lot to take in.

Data-Driven Decision Making can be challenging for mean reasons as well. First of all, few people on the team have a solid foundation in business analytics. Most come from companies where they either didn’t have a direct role in developing the analytics or where in companies that really didn’t value analytics. So it takes some time for people to get on board with the idea of using both data and wisdom to make decisions.

There are so many things that we can do to improve performance, enhance communication and enable more proactive thinking. Refining process flows, building better reports and having more forums for information sharing are all places to start.

My goal is by the end of the 1st quarter of 2017 we have accomplished a lot of these things. By then we will have taken some of the mystery out of our business strategy and empowered more people to look at the data as they make decisions.

Analytics Leadership – DMAIPH specializes in arming the Data-Driven Leader with the tools and techniques they need to build and empower an analytics centric organization. Analytics leadership requires a mastery of not just analytics skill, but also of nurturing an analytics culture. We have guided thousands of Filipino professionals to become better analytics leaders. Contact DMAIPH now at analytics@dmaiph.com or connect with me directly to discuss a uniquely tailored strategy to ensure you are the top of your game when it comes to Analytics Leadership.

IBM’s Six Ways To Use Analytics To Manage A Workforce

http://www.forbes.com/sites/ibm/2015/04/06/6-ways-to-use-analytics-to-better-manage-a-workforce/

Interesting article about how to use more analytics in areas that are traditionally data rich, but not a focus of most enterprise analytics solutions.

Right now in the BPO industry in the Philippines, two of the bullet points really got me thinking.

Using analytics in HR to predict if and when employees might leave is a pretty cool concept. Their is plenty of historical data to look at resignation and termination patterns and segment the data in various buckets to see if any meaningful patterns jump out.

This goes hand in hand with higher employee expectations for work life balance and having a strong sense of community within the work place.

Both are things that might require a lot of unstructured analytics as well… although it blurs employee privacy issues, Facebook and Twitter can be an excellent place to glean insights into employee mood and their intentions.

I am curious to see how deep analytics can go into looking at data and trying to predict employee loyalty and stickiness.

The recruitment and retention of top talent is the biggest challenge facing just about every organization. DMAIPH is a leading expert in empowering HR & Recruitment teams with analytics techniques to optimize their talent acquisition and management processes.

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DMAIPH also specializes in arming the Data-Driven Leader with the tools and techniques they need to build and empower an analytics centric organization. Analytics leadership requires a mastery of not just analytics skill, but also of nurturing an analytics culture. We have guided thousands of Filipino professionals to become better analytics leaders. Contact DMAIPH now at analytics@dmaiph.com or connect with me directly to discuss a uniquely tailored strategy to ensure you are the top of your game when it comes to Analytics Leadership.

You Don’t Build A Business… You Build People

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It’s funny to me that I shared this on LinkedIn and someone had the thought to spin it into a negative thing. Someone sarcastically replied that this is false and that big bosses just use people to make money. I’m guessing he sees this as a way to get people to work harder, but it the end only the top people benefit. Or something like that.

When I saw this, I immediately thought about a training program we have just kicked off to address a significant challenge we have in both my business and in my industry. The call center industry in the Philippines is probably one of the most hyper competitive labor markets anywhere in the world today.

To be able to be successful you need to find people who are stick around. So looking at the best way to do that is to build them up. To train them, to empower them, to enchant them.

Being equal parts educator, analyst, entrepreneur… this concept is something I firmly believe in, I have the data to back it up and the success to prove it is working. So take that mister sarcasm… DMAIPH is a great example of this philosophy actually working.

Analytics Leadership – DMAIPH specializes in arming the Data-Driven Leader with the tools and techniques they need to build and empower an analytics centric organization. Analytics leadership requires a mastery of not just analytics skill, but also of nurturing an analytics culture. We have guided thousands of Filipino professionals to become better analytics leaders. Contact DMAIPH now at analytics@dmaiph.com or connect with me directly to discuss a uniquely tailored strategy to ensure you are the top of your game when it comes to Analytics Leadership.