Who doesn’t want to get more from data? We spend a lot of time collecting it. Yet, outside of everyday duty’s very few organisations are able to extract strategic decision making value from the data they have kicking around. Here are five idea’s to help you get more for data.
IDEA 1: BUSINESS IS A SYSTEM OF SYSTEMS
Your organisation is a system of systems. As Wikipedia states: A “system of systems is a collection of task-oriented or dedicated systems that pool their resources and capabilities together to create a new, more complex system which offers more functionality and performance than simply the sum of the constituent systems.”. A data-driven organisation aims to improve and optimize its systems to enhance and enable both tactical and strategic outcomes, primarily being to reduce costs and save time. By focusing on the systems that deliver value in your business it become a lot easier to recognize how and why your data can add real business value.
WATCH: #AGContextTV Episode 5 – Get More From Data
IDEA 2: GET MORE FROM DATA THROUGH PROCESS IMPROVEMENT
You will only get more from data when people change what they do. It that was not the case, then you would be getting value out of your data. But you are not. Change is needed. But nobody likes change, especially when they are not in control of it. Change in organisations is hard, not fun. Changing up your business systems to generate data-driven value is unattractive work for employees. Process improvement is action needed but for most businesses, this is boring, uninteresting and frustrating work. Process improvement is about understanding how a technology works, who is working it, what technologies are involved and the history of why it is that way. Process change is often very difficult because it inevitably means, people change, which few people enjoy. Especially so, if that change is uncertain, as it often can be when it comes to process improvement and systems upgrades.
Respect this fact. Invest in supporting the change that needs to happen to your business process and systems.
IDEA 3: GET MORE FROM DATA AS AN END-USER
Think of your data as an end-user of technology. In modern technology, the data is independent of the platform and may move between architecture layers from collection through to user interface and back again. Each transition from one architecture component to the next involves a transformation of data, and hence must be managed to ensure that the valuable traits of data, such as timeliness, relevance and availability are not lost during the data-transformation journey from satellite to soil management decisions. Data has its own requirements and should be considered as a special end-user so far as the design and implementation of the process or solution. Treat your data as your child.
YES, YOU CAN GET MORE FROM DATA
These ideas can be implemented by anybody. Indeed, the trick to getting more from data for most small and medium sized business is simply to change the way you think about the data your have. The change in perspective that these five ideas will bring, will help you uncover the hidden gems that might just be the new opportunity that you have been looking for.