HiPPOs still hand down most decisions in a company – even when surrounded by piles and piles of reports with metrics galore.
Marketers still use the “funnel” to imagine and allocate budget, people, actions – even when there is multi-decade data that the funnel is a lie.
Company after company misses trends and goes kaput – even after investing in multi-million dollar data projects to build clean rooms, unified consumer view cloud-based business intelligence platforms.
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The core challenge isn’t data scarcity; it is insights latency.
Which impacts your ability to follow my advice to deliver IAbI , and not data.
Here’s the traditional analytics workflow being practiced in your company:
1. Report Generation. Hours and hours of standard reports/dashboards.
2. Manual Analysis. Hopefully, laborious segmentation of known knowns missing subtle non-intuitive patterns. AKA High-dimensionality data challenge.
3. Insight Extraction.…