DATA DRIVEN DECISION MAKING

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DATA DRIVEN DECISION MAKING by Mind Map: DATA DRIVEN DECISION MAKING

1. START WITH STRATEGY

1.1. What your business is looking to achevie?

2. HONE IN ON THE BUSINESS AREA

2.1. Which business areas are most important to acheive your goal.

3. IDENTIFY YOUR UNANSWERED BUSINESS QUESTIONS

3.1. Move from "Collect everything" to collect and measure "X&Y" to answer question "Z"

4. FIND THE DATA TO ANSWER YOUR QUESTIONS

4.1. Make a note of which data sets you could use to answer your question.

5. IDENTIFY WHAT DATA YOU ALREADY HAVE

5.1. Organize it, if needed.

6. WORK OUT IF THE COT AND EFFORT ARE JUSTIFIED

6.1. You should treat data like any other key business investment.

7. COLLECT THE DATA

7.1. Once you identified it, start collecting data through every channel.

8. ANALYZE THE DATA

8.1. Extract meaningful and useful business insights

9. PRESENT AND DISTRIBUTE THE INSIGHTS

9.1. Make sure your data are used to inform decision making and, ultimately, improve performance.

10. INCORPORATE THE LEARNING INTO THE BUSINESS

10.1. “Turning data into Action”