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How data and analytics can help businesses stay ahead in uncertain times

Data Insight

During these unprecedented times, it’s more important than ever for businesses to be data-driven. Analysis and data, can help businesses understand and respond to market changes, and predict and plan for how things may change in the future. We’ve outlined the four key data-driven phases that businesses should be considering.

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The Lean Analytics Cycle: Metrics > Hypothesis > Experiment > Act

Occam's Razor

We are far too enamored with data collection and reporting the standard metrics we love because others love them because someone else said they were nice so many years ago. It helps you to amplify what’s proven to work, throw away what isn’t, and tweak the goal-posts when data indicates that they may be in the wrong place.

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AI Product Management After Deployment

O'Reilly on Data

From a technical perspective, it is entirely possible for ML systems to function on wildly different data. For example, you can ask an ML model to make an inference on data taken from a distribution very different from what it was trained on—but that, of course, results in unpredictable and often undesired performance.

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The Case for Continuous Financial Planning after Covid-19

Jet Global

Financial planning and analysis are usually categorised by a multitude of data sources, slow manual processes, and long planning cycles, which are out of step with the speed of the business. During periods of uncertainty, this helps us plan for – and be ready to respond to – different outcomes. A new world of data possibilities.

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Why Construction Businesses Should Track KPIs to Conquer Economic Uncertainty

Jet Global

However, the construction industry includes a plethora of non-financial data points to track – are projects being delivered on time? Here, we discuss how key performance indicators (KPIs) can help construction companies flourish during difficult times. Globally, construction is projected to grow substantially.

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Top 10 Supply Chain Management KPIs

Jet Global

More than ever before, business leaders recognize that top-performing organizations are driven by data. In the domain of supply chain management, a body of best practices has emerged that enables this kind of analysis to assess the performance of internal processes, suppliers, and service providers. On-Time Delivery.