Are you data driven

Based on the HBR article ‘Are You Data Driven?
Take a Hard Look in the Mirror’
by Thomas C. Redman

1.
Data driven companies work to
drive decision-making to the
lowest possible level

Frees up time for more critical situations at hand
and better utilization of time throughout the
organization

Helps in building required skills amongst the
workforce and better job satisfaction

As decision making tasks penetrate deeper,
more importance is given to good quality data

Which in turn leads to a better feedback
mechanism and improvement on the current
state on the go

2.
Investing in Good-Quality data ensues
trust on data which leads to data
driven decision making

Quality data reduces time in making decisions
by basing them on derived insights which can
be trusted

Leads to a big data culture and investment in
latest technology & skills which is the ultimate
step towards being data driven

Enables managers to learn to appreciate
anomalies and hence deal reasonably well
with uncertainties

Thank You
Disclaimer:
This presentation was created by Raminder
Singh, under an internship by Prof. Mathur,
IIM Lucknow

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