In my blog post Use the Less is More Principle in Analytics, dated April 12th, 2021, I laid out my theory that business leaders are overwhelmed with analytic solutions that are being ‘over engineered’ because we are taking ‘ALL’ the data, whether we need it or not, describing ‘ALL’ of it, diagnosing ‘ALL’ of it, and trying to predict outcomes that might or might not lead to prescriptive recommendations. We should instead start with ‘prescriptions’ we are looking to get, then lay out the predictive and prescriptive models required, this then should push us to go get only the data we need to describe and diagnose. I also proposed this is leading to a plethora of analytic deliverables that are at the same time accurate and virtually ineffective in driving clarity of business decisions. Also, how, in my discussions with numerous business leaders the term “overwhelmed” is used often and how they feel like they are basically ‘drinking from the hose!’
In response to this post, I received a lot of engagement from various thought leaders and one of those was Regina Hepp. She is the Principal-in-Charge and Founder with The Rejuvi Venture, LLC. They provide cloud-based tenancy for leadership to business impact analytics and because of this, are very keen to understand others’ analytics thinking. Further, Regina is a leader and organization development and business planning expert and influencer. She is widely recognized as an exceptionally creative results-oriented strategist, she effortlessly leads large-scale, enterprise-wide initiatives. She has brought her signature brand of transformation and growth to Fortune 500 organizations across four continents for more than 25 years and I have the honor of counting her as my mentor, professional colleague and friend.
After reading the blog she reached-out that she echoed and resonated with my article, especially the statement that leaders are overwhelmed with the plethora of analytics wholly accurate yet virtually ineffective in driving clear decisions. She mentioned resonating with the messages from a couple of other sources; Like the MIT Sloan Management Review article, Leading with Decision-Driven Data Analytics, and the recommendation to find data for a purpose instead of finding a purpose for data.; Like the Harvard Business Review article, You May Not Need Big Data After All, that suggested that to understand how businesses generate value from data, one should look for a culture of evidence-based decisioning.
Regina’s point was that, when combined, these perspectives tell a good story of analytics; Leaders, in Rejuvi’s experience, are keen to step-up with:
1. Confident, business directioning, driven with data
2. Empowered, business decisioning, backed by data
3. Value derived from the directioning + decisioning
Further, the Rejuvi POV is about taking the good story of analytics and making it a great one by adding exceptional leadership to the equation. You see, after all, Regina said, “exceptional leadership brings directioning + decisioning PROWESS needed to make the most of analytics!”
I agree 100%! #roar
Comentarios