What is data-driven working

What is it?

What have successful organizations such as bol.com, Coolblue & Google in common? No decisions are made here based on gut feeling or because the wind blows to the southeast. These organizations base their choices and objectives on data, and therefore work data-driven. But what is data-driven working and what does that entail? DATA KINGDOM explains.

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Data-driven working is management based on raw facts and raw data

Consider formulating purchasing policy based on sales figures per region or determining staff capacity based on the number of visitors in the morning compared to the afternoon hours. Data-driven working is used to predict future developments in order to respond to them as best as possible. With the help of data, it is possible to organize processes as efficiently as possible, so that decisions can be made faster, better and more accurately.

More about data-driven working

If you are not doing business intelligence in your organization, you are actually doing the wrong thing

When data is used for knowledge within the organization, this is called business intelligence. ‘Business intelligence (BI) stands for collecting data within your own trading activity. It can be described as the process of converting data into information, which should then lead to knowledge and prompt appropriate action. (Wikipedia). In order to work data-driven or information-driven, it is important that there is easy and quick insight into the data. This can be done with the help of business intelligence solutions, such as Power BI or Tableau.

One of the business intelligence solutions that is widely used today is data visualization through dashboarding. A dashboard is an information management tool that displays the data in a visualization or digestible summary.

But what makes data-driven working different?

All organizations are increasingly guided by numbers, right? Yes, but this is usually referred to as information-driven working. Information is data that has been processed to give it meaning. Information-driven working can be seen as operating based on various KPIs (key performance indicators) that are monitored and can be managed. Information-driven working is a part of data-driven working. However, data-driven working is structured such that data serves as the starting point for initiating changes. The raw facts determine the direction the organization is heading, while in information-driven working, the expectations and/or objectives of the organization dictate how the data is used. An information-driven organization sets its objectives before analyzing the data, whereas a data-driven organization derives its objectives from the data.

Work clearly and data-driven; but how?

At DATA KINGDOM we believe it is important that you have insight into your data, the way you like it, in a clear dashboard. Whether you work completely data-driven or information-driven, the data remains the basis for your decisions. We create dashboards in which the data that your organization has available is presented in such a way that it can easily and quickly serve as a basis for your choices.

Curious about how we can help your organization work more data-driven? Contact us.

With data-driven working you get:

Effectivity

The necessary and permitted information is available throughout the chain, ensuring that information is available at the desired moment and without interruptions.

Greater agility

Faster and better response from the organization because data analysis quickly provides insight into what is coming, and the right information is always available at the right time.

Efficiency

Results at lower costs and with shorter turnaround times by using analyses to identify bottlenecks in the process, automate steps, and make decisions based on facts.

Quality

Higher quality because actions are measured for effectiveness, efficiency, and value either afterward or in real-time. Data management ensures standardization, which benefits quality.