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Showing posts with the label Insights

Are Your Insights Interesting or Actionable?

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“What is the business objective and who is the audience?” this is the question you should always ask before developing  data insights .  This will help you figure out if you need to focus on Interesting or actionable insights. Yes, actionable insights are also interesting but not the way Media thinks. Media hypes Interesting Insights, insights that might not be actionable and valuable to the business. Your business stakeholders might prefer actionable insights over interesting. I said might because some business stakeholders (sometimes) will prefer Interesting even though that can’t do much with it, it just sounds good in their presentation. Let’s look at example of Interesting insights that gets coverage in Media. For example, here is except from  The Weather Channel’s Secret: Less Weather, More Clickbait “We can tell you that on a January morning in Miami, if a set of weather conditions occurs, people will buy a certain brand of raspberry,” he says. Not just any fruit. ...

CMOs: Three Major Roadblocks to Insights

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Data is the raw material for developing insights. If the complete data is not available to insights team then you can’t expect the insights to be very valuable. Insights teams will make the best out of what they have available but you will get far better insights if you spend little time with them to understand what they need and help them with these for major roadblocks. Data Sources and Collection – Insights team has identified the data sources required for them to provide great insights, the data is all there either available internally or externally. The big challenges comes when the data teams actually start to figure out how the data will be collected. For  internal data sources  the organizational barriers are the biggest ones that prevent one team for getting access to the data that other team owns. Your team will need your help in navigating those barriers and help the free flow of the data. If external data sources are on their list then your help will be needed to p...