Becoming a Data Driven Organisation

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Fully embracing a BI tool can mean the difference between the full payoff of your data analytics and returns that are just so-so. Learn how to avoid BI pitfalls and boost BI adoption to become a truly data driven organisation.

Daten & Analysen

1. CREATE A CULTURE OF
TRANSPARENCY
Spread the data across the
organisation
Improve information sharing between employees
and eradicate information silos by having all data
available to the whole organisation.
1

2. CREATE A BUY-IN
FROM THE TOP
Encourage Top-Down Leadership
For this to be successful, Executives have to be on
board and embrace this strategy. Their influence,
example and leadership will help increasing the
commitment among the employees.
2

3. SET MEASURABLE
GOALS
Prepare for what is about to come
The way your company works and its managing
processes is about to change. It will be easy to loose
sight from the final goal. Start by drawing a concise
BI and analytical plan with conceivable objectives
before implementing the strategy.
3

4. GET THE NECESSARY
IT SUPPORT
Make what seems complex, simple
Show the benefits of using a BI tool to the
employees, and provide constant support in order to
guarantee the tool’s usage and its efficiency. Plus,
make sure the tool is correctly functioning and
available to all departments and individuals.
4

5. ADOPT THE RIGHT
TECHNOLOGY
The BI Tool is the core of the whole
process
There are numerous BI Tools in the market and
choosing the right one is an important step to boost
adoption. Keep in mind the IT skills and the needs of
end users and understand the efforts that this new
tool will demand from your team. 5

6. INTEGRATE DATA IN THE
DAILY OPERATIONS
Place data at the heart of business
When starting to benefit from data and its analysis by
making or questioning business decisions based on
analytics, perfomance and reliability might increase
across departments.
6

7. ENCOURAGE THE USE
OF DATA BY EVERYONE
Data is a mean of powering growth
Shared data should be used by as many employees
as possible. The company should train, motivate and
ackowledge employees so they can become more
data literate.
7

8. COMMITMENT
For something to be done correctly
there must be willpower.
Make data-collection a primary activity across
departmetns and be sure the BI Strategy is overseen
to guarantee the intended outcome.
8

Want to see Wizdee in action?
Visit wizdee.com and watch a demo!
9
Causing a cultural switch inside a company is not a simple or quick process. Becoming a
Data-Driven Enterprise takes time and a companywide commitment to make sure the overall
strategy is being implemented.
The good news is that today’s BI innovations allow people to simply speak or type queries and
get instant visual answers on any device. See for yourself!

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This project aims to predict whether a loan application will be approved or denied based on various factors such as applicant's income, credit score, loan amount, etc. Using a dataset containing historical loan application data, we employed machine learning algorithms to build a predictive model. The model was trained on features such as applicant's income, credit history, loan amount, loan term, and others. After training the model, we evaluated its performance using metrics like accuracy, precision, recall, and F1 score. The insights from this project can help financial institutions streamline their loan approval process and make informed decisions. Visit for more information: https://bostoninstituteofanalytics.org/data-science-and-artificial-intelligence/

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Becoming a Data Driven Organisation

1. 8 Steps to become a DATA DRIVEN COMPANY

2. 1. CREATE A CULTURE OF TRANSPARENCY Spread the data across the organisation Improve information sharing between employees and eradicate information silos by having all data available to the whole organisation. 1

3. 2. CREATE A BUY-IN FROM THE TOP Encourage Top-Down Leadership For this to be successful, Executives have to be on board and embrace this strategy. Their influence, example and leadership will help increasing the commitment among the employees. 2

4. 3. SET MEASURABLE GOALS Prepare for what is about to come The way your company works and its managing processes is about to change. It will be easy to loose sight from the final goal. Start by drawing a concise BI and analytical plan with conceivable objectives before implementing the strategy. 3

5. 4. GET THE NECESSARY IT SUPPORT Make what seems complex, simple Show the benefits of using a BI tool to the employees, and provide constant support in order to guarantee the tool’s usage and its efficiency. Plus, make sure the tool is correctly functioning and available to all departments and individuals. 4

6. 5. ADOPT THE RIGHT TECHNOLOGY The BI Tool is the core of the whole process There are numerous BI Tools in the market and choosing the right one is an important step to boost adoption. Keep in mind the IT skills and the needs of end users and understand the efforts that this new tool will demand from your team. 5

7. 6. INTEGRATE DATA IN THE DAILY OPERATIONS Place data at the heart of business When starting to benefit from data and its analysis by making or questioning business decisions based on analytics, perfomance and reliability might increase across departments. 6

8. 7. ENCOURAGE THE USE OF DATA BY EVERYONE Data is a mean of powering growth Shared data should be used by as many employees as possible. The company should train, motivate and ackowledge employees so they can become more data literate. 7

9. 8. COMMITMENT For something to be done correctly there must be willpower. Make data-collection a primary activity across departmetns and be sure the BI Strategy is overseen to guarantee the intended outcome. 8

10. Want to see Wizdee in action? Visit wizdee.com and watch a demo! 9 Causing a cultural switch inside a company is not a simple or quick process. Becoming a Data-Driven Enterprise takes time and a companywide commitment to make sure the overall strategy is being implemented. The good news is that today’s BI innovations allow people to simply speak or type queries and get instant visual answers on any device. See for yourself!

Becoming a Data Driven Organisation

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