Data by Design

8028285660?profile=originalThis McKinsey article titled The expanding role of design in creating an end-to-end customer experience got me thinking. Dangerous I know, nevertheless this is what I came up with. 

I recently blogged about Leading through Complexity and spoke of the need for leaders to add to their business acumen with scientific method and a vivid imagination. With every second person talking about big data I thought it worthwhile applying this thinking to the world of data and I came up with Data by Design. 

Data by Design is about using your imagination to think what may be in the future, using your business acumen to identify opportunities (or risks) and using scientific method to identify the data you need to be either collecting, collating or curating now. That is not how it is done in many organisations. 

Collecting 

Collecting data is a no brainer. However, so often it is done without using the brain. While your imagination and your acumen may lead to identifying key data you need to collect, you may still have a gap. If you apply some science to your collecting you will identify additional data that is needed so you have definitive and repeatable results that can be relied on by decision makers. For example, you will be able to compare two different strategies to identify which one is most effective or has the best ROI. 

Collating 

The current situation in many organisations is that plenty of data has been collected and projects are being established to buy or utilise business intelligence applications to see what the data tells us. Yes, plenty of interesting findings are made, however, often critical data is missing or there is a lack of understanding of gaps in the data or how it was collected. For example, a whole month of data may be missing because of a problem that month. A month that may have had very different results to other months. 

Curating 

Another problem with data projects is the lack of curation of the data or the curating of data without the end clearly in mind. Curators in museums have two main roles. One is to keep the collection safe and preserved for future generations. The other is to design and deliver displays of the collection that provide insight and inspiration. And it should be the same for your data project!

What have you designed? 

The answer is the ability to create true business intelligence for decision making. However, it’s not as easy as buying the BI application. For starters you need to know the right questions that you want answered so you can collect and collate the right data. Then you need to understand the different analysis options for curation. Their strengths and weaknesses and how their different outputs can be interpreted. You should not be accepting the answer from a black box. 

Look at it this way. Your approach to data can either be more builder or architect. If builder, you take existing data and apply your tools of trade, your BI app, to produce results. If architect, you design your vision and then engage the builder.

___________________________________________________________________________________

8028269460?profile=original


Bryan's new book teaches you practical methods to cut through with your advice and make the impact you want to make. Available on Amazon or order here now.

8028259276?profile=original

YOUR DECISIONS DEFINE YOU.

Available on Amazon or order here now.

Bryan Whitefield works with strategic leaders across all sectors to help organisations harness uncertainty – uncertainty is the strategic leader’s best friend. He is the author of DECIDE: How to Manage the Risk in Your Decision Making and Winning Conversations: How to turn red tape into blue ribbon. He is the designer of the Risk Culture: Build Your Tribe of Advocates Program for support functions and the Persuasive Adviser Program for internal advisers. Both can be booked individually or in-house. For more information about Bryan, please click here.

www.bryanwhitefield.com

Votes: 0
E-mail me when people leave their comments –

Bryan is a management consultant operating since 2001, specialising in risk-based decision making and influencing decision makers, born from his more than twenty years of facilitating executive and board workshops.

Bryan’s experience as a risk practitioner includes the design and implementation of risk management programs for more than 150 organisations across the public, private and not-for-profit sectors.

Bryan is the author of Risky Business : How Successful Organisations Embrace Uncertainty; Persuasive Advising : How to Turn Red Tape into Blue Ribbon, and Team Think : Unlock the Power of the Collective Mind [to be published in 2022].

He is licenced by the RMIA as a Certified Chief Risk Officer (CCRO) and is the designer and facilitator of their flagship Enterprise Risk Course since 2019.

<a href="http://www.bryanwhitefield.com">www.bryanwhitefield.com</a>

You need to be a member of Global Risk Community to add comments!

Join Global Risk Community

    About Us

    The GlobalRisk Community is a thriving community of risk managers and associated service providers. Our purpose is to foster business, networking and educational explorations among members. Our goal is to be the worlds premier Risk forum and contribute to better understanding of the complex world of risk.

    Business Partners

    For companies wanting to create a greater visibility for their products and services among their prospects in the Risk market: Send your business partnership request by filling in the form here!

lead