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, describe 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".

See how you can implement this useful decision process.