Date: 9 November 2021
Category: Product News
I am starting a series with the hashtag #owlreports discussing in practical terms getting information from our data, which will be illustrated with case studies. Our databases are full of, well, data. Millions, billions or even trillions of numbers, dates and text. A goldmine which our organisations cannot function without. The better we are at extracting information from our data the more efficient and more effective our organisations will be. What is information? -Selecting the right data -Collating and combining it -Often processing -Formatting it clearly and meaningfully -Delivering it to the right people at the right time Never forget the last step. A report is only useful if it is read by the people who can act on that information. For this series I will break information into categories: -Operations -Performance -Management -Analysis -Big Data The categories are a Continuous Scale in reporting lingo, meaning that information often falls between categories. e.g. partly operations, partly performance. But they are helpful when reviewing the information that we are delivering. Most organizations are strong in some areas and weak in others. In a previous post I quoted Zhiwei Jiang of Capgemini enthusing about monetizing data. This series is about the practicalities of doing it. As we go on a journey of discovery through these categories I invite you to identify where your organisation can improve. Stay tuned and happy Friday everyone!