Applying Analytics for improved Management & Governance by becoming an Insight Driven...

Applying Analytics for improved Management & Governanceby becoming an Insight Driven OrganizationOctober 14th 2015

© 2015 Deloitte LLP. All rights reserved.

Data is fundamentally changing the way we make decisions, and how we understand and interact with the world



We are more connected



We are creating and capturingmore data …



Image courtesy of NASA: http://discoverynewfrontiers.nasa.gov/missions/images/NewHorizons/NHspacecraft.png

…Equivalent to a stack of books stretching from the Earth to Pluto …

…28 times

…and back…



“Nobody actually wants

big data. What they

really want is big impact and big results.”

Image source: Ilan Costica, reproduced under the terms of the Creative Commons Attribution-Share Alike License

– Michael Dell, Dell Corporation


© 2015 Deloitte LLP. All rights reserved.The Deloitte Academy77

So how do we interpret this data…


8 © 2015 Deloitte LLP. All rights reserved.The Deloitte Academy8

…and visualise it in the right way…


© 2015 Deloitte LLP. All rights reserved.9

Machine intelligence wins TV game shows…



…so how be we build a capability to help answer these complexquestions?



The Insight Driven Organisation

The demand for fast, accurate and

reliable information has

never been stronger

Drivers of IDO


PERSONALISATIONCONSUMER

EXPECTATIONS

REGULATION

INTERNET OF THINGS

TECHNOLOGYM&A

COMPETITION

DATA VOLUMES

Your Business

Barriers to adoption


Cultural Change

Inaccurate Metrics, Expectations, Models

Technical Perception

Insight Communication

Analytics Skills Shortages

Poor Implementation

Buy in

Big Data Deluge

Data

Move 80% of your effort from data collection to data analysis

From data collection to data analysis



Becoming an IDO

Value generation

Trusted insight

VisionOrganising for

successMaking it real

Changing the mind-set

Purple peopleThe art of

visualisation

Predicting the future

The insight process

Enabling platformPlanning the

journey

THE INSIGHT DRIVEN BOARD

16

16

Debuts for analytics, data and digital

Chief Financial Officer

Chief Executive

Officer Chief Operating

Officer

Chief Risk Officer

Chief HR Officer

Chief Marketing

Officer

Chief Analytics Officer

Chief Information

Officer Chief Data Officer

Chief Digital Officer


Tomorrow’s boardroom


Identifying the Purple PeopleTe

chni

cal s

kills

Testing Defining, developing and implementing quality assurance practices and procedures for technical solutions and validating hypotheses.

Reporting software Understanding of the underlying theory and application of key reporting software

Data analysis skillsEvaluating data using analytical and logical reasoning for the discovery of insight, e.g. predictive modelling

Data modellingStructuring data to enable the analysis of information, both internal and external to the business

SQL queryingQuerying and manipulating data to facilitate the solving of more complex problems

Technology alignmentUnderstanding how technology can be leveraged to solve business problems

Soft skillsCommunication and interpersonal skills are necessary to articulate insight gained from analysis

Business commentary Articulation of insight to explain current and forecasted trends, their impact and opportunities for the business

Business knowledgeUnderstanding of business measurement of key performance indicators and business frameworks.

Macro-perspectiveUnderstanding of the company’s business strategy, current business issues and priorities and current industry trends

Dat

a an

alys

isB

usiness acumen

Storytelling


In practice

©2015 Deloitte LLP : The seminar and these accompanying handouts have been written in general terms and therefore cannot be relied on to cover specific situations; furthermore, responses given in the seminar to questions are based on only an outline understanding of the facts and circumstances of the cases and therefore do not form a substitute for considered specific advice tailored to your circumstances.Applications of the principles set out will depend on the particular circumstances involved and we recommend that you obtain professional advice before acting or refraining from acting on any of the contents of this seminar and these accompanying handouts. Deloitte LLP would be pleased to advise readers on how to apply the principles set out in this handout to their specific circumstances. Please feel free to contact any partner.We would be pleased to advise you on the application of the principles demonstrated at the seminar to your specific circumstances but in the absence of such specific advice cannot be responsible or liable to you for the content of our presentation.

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