Benefits and Challenges of becoming Data Driven

“You drive much better than before”, said my daughter earlier this year when we were vacationing in Northern California. I explained to her that now I use Apple Maps wherever I drive, in Virginia or California or North Carolina (where she went to school). This has made greater mindshare to driving, and quite lesser mindshare to Navigation – making her feel that I drive better.

Various industry papers are written about a Data driven Organization, being more efficient and more relevant in Operations to the business case. The benefits of directions going from A to B, vs knowing the road conditions, traffic conditions to plan the drive or dynamic changes in traffic due to accident and reroute – you get the picture.

to serve Customers better, improve products and services, achieve Operations excellence – the challenges in making this work exist. The ability of determining how to increase its existing data set – every business already is data driven – more advancement in technology is allowing a richer data set to improve the knowledge with which actions and decisions are taken.

– One is Timely Actions – a method to use the data and determine the need for actions in certain section of Operations and the impact of doing it well for the business.

The second is the ability to build relevance using a Multidimensional approach with the context available around the data – on a holistic fashion. This enables better decision, and decisions of higher confidence, and a method to work with cause than correlation.

The method to sourcing new data set, unstructured or unstructured, and combining with the existing data set for a much improved business knowledge is a complex task. How to make the new data set work with the existing IT landscape and integrate to operations to make an impact is a great challenge.

The long term impact is the explicit knowledge it creates. Shorter tenure of employees, limited monetization cycles of product and services requires a different level of knowledge to work with – which is ably enabled with data driven Operations.

, AnySource Data Combiner, Or Data Reason Builder, used Standalone or in a chain, make the process of enriching the data set of a business easier. White doing the respective function, the products have value adds, Observability in the combiner and analytics and Insights in the Reason builder to embed the Subject matter expertise involved in the integration process.