Most managers agree that data should be the base for decision making. However this data-driven management philosophy has some uncomfortable with it — for a variety of reasons. Tweet This
How big data can generate fear
Analytics, statistical regression, and clustering — these can be more than a little confusing and essentially overwhelming if you don’t have a data science background.
Anxiety, confusion, and mistrust of data leads to skepticism and fear. And fear can paralyze an organization Tweet This, keeping it from achieving innovations and productivity. This affects the bottom line. Individuals may decide not to share potentially useful data with others, or ignore the data when making decisions because it’s too difficult to understand or process.
While data analytics used to be relegated to specialists isolated in their own departments, managers are now facing the intrusion of big data in all parts of their day-to-day operations. Big data is the newest management trend, for a reason. This cannot be ignored, lest you should lose your competitive edge.
How to identify fear in its various forms
There are three types of fear that need to be overcome to transform your organization into a data-driven management culture Tweet This:
How to conquer your data driven management fears
The best way to conquer your fears is to partner with a data-driven management platform that helps you resolve your uncertainties and lean into a culture of data to help you manage, predict, and evaluate Tweet This. Here are a few things to look for:
The Evo Pricing difference
Evo Pricing is the only data driven management solution on the market today that satisfies all of the above conditions.
We created software that’s “actually built for the rest of us” in the words of one of our client CEOs. It’s simple to use, tried and tested, with cutting-edge technology to support it.
Evo Pricing is a proven leader in data driven management that delivers amazing results. This is supported by our $200m+ margin already created, and growing daily. We’re endorsed by the London School of Business, Harvard Business School, Microsoft, and many more leaders.
Finally, Evo Pricing is the only platform that uses human intuition to help boost the performance of algorithms. This is the secret sauce to our success Tweet This:
Success = Data + Human intuition and a heavy dose of common sense
Our promise to your business: Live in 1 day. Impact in 1 month.
About the writer
Kathy Edens is a digital content creator who enjoys writing about cutting edge technology and how it can disrupt and innovate the way a business operates.