the 7 habits to becoming an effective decision maker
DESCRIPTION
My presentation from the Tech4Africa event conducted in Johannesburg. Presentation focuses on 2 aspects, primarily the opportunity for us Africans on our continent and then how Data and Information for Effective Decision making can enable Leadership on our continent to compete.TRANSCRIPT
MILLIONS OF COPIES TO BE SOLD!
@KarabinaSoftwre
The
HABITS to becoming a
HIGHLY EFFECTIVE
DECISION MAKER
H E AT H P.T U R N E R
7EDITION
BI Self Help Book
Foreword: The Africa Attraction?• 54 Countries, over 1.1bn people• $2 Trillion Collective GDP (more than India, less than Brazil)
• Some Confidence• Internet Bandwidth grown 20 fold• Mobile Subscribers set to Exceed ; 650 million• 7 of 10 fastest Growing WW Economies • Growth surpassed East Asia in 8 out of past 10 years• 50% Labour Force will have secondary education by 2020
@KarabinaSoftwre
Karabina Software's story
@KarabinaSoftwre
HABIT 1:
Begin your journey with the end in mind?
1972Business
Applications
Input
1969Database Invented
Data Storage
=
Answers
1989 Business Intelligence
BI 1.0 BI 2.0
People Centric
HABIT 2:
Seek to Understand… before being Understood
THE CIRLCE OF CONCERN>>>>• Find Data and Produce Report• Large amounts of time spent
gathering & sorting data for business• Report after its happened (end point)• Suitable for Operational Reports • Takes time to generate
• Data turned into Information • Easily accessible & immediately
available• Analyse information at anytime• Available for more people to use
Report-Driven Reports substantiate Business
Decisions
Analytics-EnabledInformation improves Business
Decisions
@KarabinaSoftwre
*Most Companies *Trying to move here
Reporting versus #AnalyticsResponse
Time
+High-Slow
Fast Low
Data Complexity
ERP
Underlying Data Source
Reporting SolutionView Data onlyCube
Data Warehouse
Analytics
Interact & Analyse Data
ERP
Underlying Data Source/s
Other
REASONS OF INFLUENCE
• Decision-making tool
• Fast and Easy to use
• Single version of Truth
• Information is Pervasive
• Data-warehouse critical
@KarabinaSoftwre
HABIT 3:
Positive Reinforcement - Dispel the Myths
X Small & Medium Sized business don’t need this.
X It’s expensive to buy and purchase.
X Only need to buy a sexy front-end BI tool.
X Too complex to implement & understand.
X Don’t get caught trying to understand BIG DATA!@KarabinaSoftwre
HABIT 4:
Be Accountable for the Results
@KarabinaSoftwre
Analytics can improve bottom line
@Karabina
Save Time and Remove Errors in gathering Data.
Get immediate answers to: Business Critical questions Historical Trends & Future Projections
Apply your wisdom and explore your data
@KarabinaSoftwre
@Karabina
@KarabinaSoftwre
Our mandate is to…
@Karabina
@KarabinaSoftwre
Only Manages Transactional Business Process• Centralise your Transactions• Place Orders, Receipts, Credits, Stock
CAN’T LOOK AT YOUR BUSINESS HOLSITICALLYDOESN”T MANAGE BUSINESS AGAINST KPI’SWON’T TELL US HOW TO IMPROVE
@Karabina
@KarabinaSoftwre
• Increase Profit - Focus on improving KPI’s • Increase Revenue - Focus on Customers and Products• Decrease Costs - Benchmark and Measure Productivity• Reduce Costs – Gain Efficiency• Reduce Costs – Accuracy and Access to information• Improve Working Capital – Reduce debtors & excess stock
HABIT 5:
Make sense of whether to Buy or Build
@KarabinaSoftwre
COST
TIME
BI PROJECT BUILD
BUY
LETS BUILD IT
X - 54% of traditional BI implementations fail.X - Ave. BI Project is around 460 days effort to deployX – High Risk
6 to 18 Months1 Week
$25k
Over $150k
BUY IT
Costs typically 75% less
Ave. BI Project is 5 days
Highly Suitable - pre-built models, - pre-built reports - pre-built Dashboards
HABIT 6:
Deliver your Promise - Quickly
Leverage existing software investments
Minimise impact of introducing new technology
Use pre-built products that deliver instant value
Deliver incremental value – avoid the BIG BANG
Deploy with the team you have
DELIVER THE VALUE YOU PROMISED!@KarabinaSoftwre
HABIT 7:
Sharpen your Insight & Increase Adoption
• Its a Journey and not a destination
• Embed Analytics in your business
• Include other source of data into your BI
• Enable Self-Service BI (training & change)
@KarabinaSoftwre
Follow these 7 Habits and hopefully you too will be on the path to better
Decision making in your business.
@KarabinaSoftwre
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