Staying Current with Analytics

Every few months I devote a day to discover what the current trends in analytics are. I do this both to refresh the slides in my presentation and to refresh my mind to see what I may have missed.

The amount of literature out there on analytics continues to blossom at an amazing rate, making it a true challenge to stay well versed on what’s hot and what’s not. I read a new analytics themed book at least once a month and I follow dozens of blogs, web sites and social media groups. Being well versed on what is current in analytics is a key to success.

Every time I go to list the top 5 analytics trends, I find that some things change and some stay the same. Ever since I have been writing about analytics, data visualization is near the top. Business dashboards continue to be a big need. Business Intelligence (BI) tools evolve and new ones’ pop up, but Tableau continues to be a market leader.

That said, we are still squarely in an MS Excel dominated world. Upwards of 80% of Filipino professionals I recently surveyed still use Excel as their primary tool for data analysis. And even the ones who have dedicated BI tools, still use Excel for 75% of their analytics work.  The adoption of BI tools is trending upward, but the curve is still very step.

Another trend that has been on the upswing is how more and more data is now unstructured data. The discussion on what is unstructured data and how best to mine it and integrate it with structured data has really been at the forefront for a while now. Going from 80% structured to 90% unstructured in just a few short years as mankind generates unprecedented amounts of data not easily captured in a database every day.

As October 2018, if I had to pick 5 current trends in analytics to talk about it would be:
(1) How to Conduct Impactful Data Storytelling,
(2) The Analytics and Data Science Talent Shortage,
(3) Using Big Data Analytics for Digital Transformation,
(4) Optimizing Data Warehousing and Data Lakes,
(5) Which Tool Is Best; Tableau or Power BI, R vs Python, etc

And thats is not even touching topics that are on the cutting edge like machine learning, artificial intelligence and augmented analyst. Although those are super important to an overall understanding of how we can optimize data, these topics generally are several steps down the road from where my audience sits. They are still trying to master the fundamentals of business analytics and introductory data science.

So I spend a fair amount of time looking for YouTube videos or TED Talks  on these topics  to add to what i read.

The amount of information available to consume if immense. I guess as we have more and more data and more and more tools to analyze data, we will have more and more people writing about how to use data.

Its a fun time to be the Data Guy.

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DMAIPH – Decision-making, Analytics & Intelligence Philppines

Over the past few years businesses in the Philippines have invested heavily in big data, analytics and data science, but still have not achieved the expected outcomes of data-driven companies.

Based on our learnings from the 100’s of Filipino businesses and 10,000s of Filipinos who have taken part in DMAIPH Analytics trainings all across the country, we have crafted a proven,  non-technical approach to upskilling your team in analytics.

In 2019, we will be launching two new training programs: (1) Our DMAIPH Applied Analytics Master Class series for executives, leaders and decision-makers and our (2) DMAIPH Applied Analytics Boot Camp series for practicing analysts.

We will feature case studies of real Filipino run business, exercises based on actual analytics challenges being solved by Filipino analysts, and provide you with a copy of my book, Putting Your Data to Work, an analytics guidebook for the Filipino professional

Connect with us via our marketing partner, http://www.sonicanalytics.com to learn about upcoming analytics trainings and events. 

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Lesson 9 – January 2013 – New Beginnings

139Ortigas, Metro Manila, Philippines

January 2013 got off to a great start. I set up a training, had a partnership with an events management company set up one in February, I filmed my first promotional video, and we had an official kick off party launch. I looked back at all the lessons I had learned in 2012 and focused in on two key ones; better marketing partnerships and charging more for the trainings.

There are so many important elements to a good marketing campaign. I learned a lot during my time with Wells, but hadn’t done a great job of them up till now. One thing was we needed a video. Something with me talking about analytics in away that gave people a chance to both better understand the topic and walk way feeling that I’m the best person to teach them about it. After some miscues we finally got it right. Another lesson is to have another voice be the one talking me up. We partnered with an events management company to get me in the media and put some polish on things. I guested on a number of TV and Radio shows and we started to sponsor more high profile events.

The next thing to do was reload the staff. At the end of 2012, I was down to one staff and no trainees. I decided to go all in with hiring more staff to help with the marketing and get our message out much broader then before. And with the media exposure we had content, we just needed to get it in front of as many people as possible. Based on the data available, I knew that our best bet was to train young professionals who could pay 3000 PHP for the training and then refer friends and co-workers. So that was the heart of our plan.

At the end of the month I was exactly where I wanted to be, the business had every sign of taking off and reaching the heights I had in mind.

Analytics Tool > KD Nuggets > http://www.kdnuggets.com/

Analytics Concept > Cost Benefit Analysis > http://en.wikipedia.org/wiki/Cost%E2%80%93benefit_analysis

YouTube Resource > http://youtu.be/A0rFj0WVqDQ

My Analytics Story – My passion is solving problems by bringing together the best talent, cutting edge technology and tried and true methodologies. DMAIPH is all about empowering people towards better Decision-Making through the use Analytics and business Intelligence. This is what I do best. Contact DMAIPH now at analytics@dmaiph.com or connect with me directly for a free consultation about getting more analytics into your career and your business.