Leverage Data To Ride Out The Recession Storm
Business leaders don’t need to collect more data—they just need to analyze what they have, both internal and external, and put those insights into action
Business leaders don’t need to collect more data—they just need to analyze what they have, both internal and external, and put those insights into action
As more companies embrace Global Business Services centers, their value extends well beyond cost savings.
The part of the process that involves cleansing, categorizing and standardizing data lacks the excitement and obvious returns of other investments, but it’s the only way to ensure your data collection isn’t a waste of time and money.
The short answer, says Kraft Analytics CEO Jessica Gelman, is yes.
Big Data offers great opportunities—and huge dangers. The key to success is ‘one part technology to nine parts vision and great management.’
Ability to harness and sort through data for meaningful insights remains a hurdle, many say. “The key is…finding what is actually relevant.”
While transparency and authenticity have long been buzzwords, it is now being demanded that they be the pillars upon which every decision is made. Can leaders rise to the occasion?
Changing some data practices, ahead of regulation, and giving consumers more control over how their personal information is shared will ultimately build long-term trust.
It’s easy to get emotional about the rough year we’ve had—but don’t. Keeping score by focusing on company data will empower the right decisions and help you emerge from this dark time with intact staff and critical competitive advantages.
To really forecast the future, we need go beyond backward-looking data and focus heavily on true leading indicators.
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.
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