Enabling the data driven organisation TFMA 2015 Terry Hogan - - PowerPoint PPT Presentation

▶
enabling the data driven organisation
SMART_READER_LITE
LIVE PREVIEW

Enabling the data driven organisation TFMA 2015 Terry Hogan - - PowerPoint PPT Presentation

Mar 17, 2023 416 likes •667 views

Enabling the data driven organisation TFMA 2015 Terry Hogan Golden Orb TFM&A 2015 - Enabling the data-driven organisation What is a data-driven organisation? Where everyone who has to take a decision as part of their job has access to

slide-1
SLIDE 1

TFM&A 2015 - Enabling the data-driven organisation

Enabling the data driven organisation

TFMA 2015 Terry Hogan Golden Orb

slide-2
SLIDE 2

TFM&A 2015 - Enabling the data-driven organisation

What is a data-driven organisation? “Where everyone who has to take a decision as part of their job has access to the data and tools to enable them to make the best possible choice”

slide-3
SLIDE 3

TFM&A 2015 - Enabling the data-driven organisation

Impediments to impartial decision making

Clustering illusion

0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1

slide-4
SLIDE 4

TFM&A 2015 - Enabling the data-driven organisation

Impediments to impartial decision making

Confirmation bias

slide-5
SLIDE 5

TFM&A 2015 - Enabling the data-driven organisation

Impediments to impartial decision making

Groupthink – the Bandwagon effect

slide-6
SLIDE 6

TFM&A 2015 - Enabling the data-driven organisation

Impediments to impartial decision making

Recency bias

slide-7
SLIDE 7

TFM&A 2015 - Enabling the data-driven organisation

Impediments to impartial decision making

Sampling bias

slide-8
SLIDE 8

TFM&A 2015 - Enabling the data-driven organisation

What is the business benefit?

  • Challenge received wisdom
  • Spotting emerging trends quickly
  • Greater control over inventory, cash flow…
  • Because your competitors are
slide-9
SLIDE 9

TFM&A 2015 - Enabling the data-driven organisation

Prerequisites of a data-driven

  • rganisation
  • Data availability
  • Data quality
  • Quality of tools
  • User buy-in
slide-10
SLIDE 10

TFM&A 2015 - Enabling the data-driven organisation

Issue #1: Data availability

  • Is there a channel to everywhere it is needed?
  • Are there any blockages in those channels?
  • Are there any minor impediments to easy flow of

data?

slide-11
SLIDE 11

TFM&A 2015 - Enabling the data-driven organisation

Issue #2: Data quality

  • Frequently to do with inconsistency, not errors
  • Design dirty data out of your systems
  • Clarity of thought and hard work are the solution
slide-12
SLIDE 12

TFM&A 2015 - Enabling the data-driven organisation

Issue #2: Data quality

  • Frequently to do with inconsistency, not errors
  • Design dirty data out of your systems
  • Clarity of thought and hard work are the solution
slide-13
SLIDE 13

TFM&A 2015 - Enabling the data-driven organisation

Issue #3: Quality of tools

  • Flexible interrogation or canned reporting?
  • Visualisation
  • Customised or off the shelf?
  • Modelling and statistical tools
slide-14
SLIDE 14

TFM&A 2015 - Enabling the data-driven organisation

Issue #4: User buy-in

slide-15
SLIDE 15

TFM&A 2015 - Enabling the data-driven organisation

Six common barriers to the data-driven

  • rganisation
slide-16
SLIDE 16

TFM&A 2015 - Enabling the data-driven organisation

Barrier #1: The silo problem

slide-17
SLIDE 17

TFM&A 2015 - Enabling the data-driven organisation

Barrier #2: The gatekeeper problem

slide-18
SLIDE 18

TFM&A 2015 - Enabling the data-driven organisation

Barrier #3: The Excel Problem

slide-19
SLIDE 19

TFM&A 2015 - Enabling the data-driven organisation

Barrier #4: The IT problem

slide-20
SLIDE 20

TFM&A 2015 - Enabling the data-driven organisation

Barrier #5: The parallel universe problem

slide-21
SLIDE 21

TFM&A 2015 - Enabling the data-driven organisation

Barrier #6: The Promised Land Problem

slide-22
SLIDE 22

TFM&A 2015 - Enabling the data-driven organisation

Seven tips to achieve the truly data- driven organisation

  • Top management involvement
  • Principle of openness
  • High level ownership
  • A business, not an IT resource
  • Excel is a spreadsheet not a database
  • It’s really not about computers
  • Keep at it!
slide-23
SLIDE 23

TFM&A 2015 - Enabling the data-driven organisation

Thank You

Terry Hogan www.golden-orb.ltd.uk

@GoldenOrbLtd