As I focus more on analytics in my professional life I have started going through the major analytics books. I previously wrote about the Chief Performance Officer book, but have learned a great deal more in the past couple of months. The Deciding Factor takes the non-tool approach to explain the power of analytics and especially power of expanding the use of analytics from the executive offices to the day-to-day operational staff to both improve their decision-making and better execute the strategy.
- How impactful analytics have creating a product set and growing a boring business into an exciting marketing effort.
- Continued with Progressive on page 21
- No explanation here except the main categories used of time-poor, food-rich, can’t cook and won’t cook – just love these
– Best Buy’s push analytics down to their sales force on page 47
- Training their sales force using specific lifestyle questions to define the product sale match with the customers needs and discover up sales potential
– Fair Isaacs chart on page 80
- Chart displaying how to ensure that decision making with analytics to ensure the strategy executes well across all channels
- Accomplished with a basic rules based management system
– Work flow vs. decision flow on page 127
- The impact of how a work flow is impacting by a decision flow and why you need both
– The difference between business intelligence and decision management on page 141
- In short, BI focus on how we are doing now and why and decision management builds on the why and provides options on what’s next
If you have a BI solution and are using it to improve your reporting great, but to truly power your organization greater insights move BI down into your operational staff levels and design a rules based decision making system.