A leader’s guide to data analytics
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This document provides guidance for leaders on developing a working knowledge of data analytics. It explains that while data analytics may seem technically complex, they are really thinking skills that all managers should cultivate. The document recommends that leaders start by identifying problems data can address, understand how relevant data was generated, use their domain expertise to interpret results, and gain enough knowledge to make informed decisions rather than relying on assumptions. Developing these analytics skills can help leaders measure operations in detail and make better decisions.
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A leader’s guide to data analytics
- 1. A Leader’s Guide to Data Analytics Florian Zettelmeyer
- 2. A working knowledge of Data Science can help you lead with confidence
- 4. An essential business tool With access to incredible amounts of data, companies are able to measure every aspect of their operations in granular detail. But many leaders are hesitant to get involved due to the technical intricacies.
- 6. Analytics are not technical skills They are thinking skills. Managers should not view analytics as something beyond their purview.
- 8. Being able to separate good data from bad, and knowing where precisely analytics can add value is important.
- 9. Working knowledge of Data Science Can save making decisions based on faulty assumptions.
- 10. Start with the problem Generate data as a strategic imperative
- 11. Understand the Data generation process Have a very clear idea of where the data came from
- 12. Use domain knowledge Managers should use their business knowledge to account for strange results.
- 13. Don’t just think it, know it.
- 14. Thanks!