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What’s Your Data Strategy?

Source |2017-06-26T21:03:11+00:00Jun 5th, 2017|Categories: Post|Tags: , , , |

Data is central to any business and the importance of managing it strategically is growing. Companies that have not yet built a data strategy and a strong data-management function need to catch up very fast or start planning for their exit. More than ever, the ability to manage torrents of data is critical to a company’s success. But even with the emergence of data-management functions and chief data officers (CDOs), most companies remain badly behind the curve. Cross-industry studies show that on average, less than half of an organization’s structured data is actively used in making decisions—and less than 1% of its unstructured data is analyzed or used at all. More than 70% of employees have access to data they should not, and 80% of analysts’ time is spent simply discovering and preparing data. Data breaches are common, rogue data sets propagate in silos, and companies’ data technology often isn’t up to the demands put on it.

Democratizing Data at Airbnb

Source |2017-06-26T18:47:59+00:00May 12th, 2017|Categories: Post|Tags: , , , |

Airbnb's engineering team describe the challenges they faced in democratizing their data . Very thoughtful insights into how they help the company effectively navigating a sea of data resources of varying quality, complexity, relevance, and trustworthiness. Some of the key insights: 1) relationships are just as pertinent as the nodes. Knowing who produced or consumed a resource is just as valuable as the resource itself. 2) People are data resources too. Finding employees who have used or own a given data resource can increase the efficiency of knowledge sharing. 3) Data is a proxy for the operations of a company. Analyzing the network helps to surface lines of communication and identify facets or disconnected information.

Why dashboard design is critical to analytics success

Source |2017-06-26T18:51:18+00:00Apr 7th, 2017|Categories: Post|Tags: , , , |

One key to designing dashboards is keeping them simple and even unobtrusive. Simplicity of design is often captured by displaying only the top-level information that the user wants to know, and then giving them navigational tools that enable deeper probes if they want them. http://tek.io/2pdLZjC If you're interested in dashboard design, read the Showcase Of Dashboard UI Designs And How To Make Them from design your way (link in article)

Making data analytics work for you—instead of the other way around

Source |2017-06-27T00:20:25+00:00Oct 1st, 2016|Categories: Resource|Tags: , , |

The data-analytics revolution now under way has the potential to transform how companies organize, operate, manage Talent, and create value. advanced data analytics is a quintessential business matter. That means the CEO and other top executives must be able to clearly articulate its purpose and then translate it into action—not just in an analytics department, but throughout the organization where the insights will be used. This McKinsey article describes eight critical elements contributing to clarity of purpose and an ability to act.

Build vs. Buy e-Billing & Other Data Dashboards

Source |2017-06-27T00:39:43+00:00May 4th, 2016|Categories: Resource|Tags: , , , , , |

In this session, Cecilia Yoshida and Jeffrey Franke of Yahoo will discuss Yahoo Legal Ops' ongoing journey to try to build dashboard nirvana without relying on expert external resources. Then, Paul Hirner of Thinksmart, Kevin Clem of HBR, and Pratik Patel of Elevate Services will present a variety of pre-built dashboard options to present eBilling and other kinds of key legal department analytics just the way you want them. From the 2016 CLOC Institute. Available to CLOC members.

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