Making Data Analytics work for you instead of the other way around.
The more precise questions you ask, the better chance you have of gaining valuable insights from your data. Good questions include “how can we reduce costs?” or “how can we increase revenues?” Even better are questions that drill further down: “How can we improve the productivity of each member of our team?” “How can we improve the quality of outcomes for patients?” “How can we radically speed our time to market for product development?”
In the article Making Data Analytics Work for You Instead of the Other Way Around published by McKinsey & Company; the authors Helen Mayhew and Simon Williams with contributions from Nicolaus Henke describes eight critical elements contributing to clarity of purpose
and an ability to act.
For one critical element “Run loops, not lines" US Air Force
colonel John Boyd prescribes a decision process of observe, orient, decide, and act. Boyd suggests the side that reacts to situations more quickly and processes new information more accurately should prevail. The decision process is a loop or— more correctly—a dynamic series of loops".
Click here to download and read the full article.
, see how you can implement this useful decision process.
Our Starter Edition is free - no download or installation is necessary. Save time and money using our industry project templates and see how easy it is to setup your next project that implements the observe, orient, decide, and act decision process as prescribed by colonel John Boyd.
