Lean Startup Methodology Applied to Remote Work

With the recent pandemic forcing more companies to shift to an increasingly more remote work model, companies are discovering that they don’t know who their employees truly are yet or how their work should be done remotely.  Make sure you’re online during business hours you’re told.  Ok, so cover your um, bases, you think.  Don’t let that green light in Skype or Microsoft Teams change to any other color but red.  Red means you’re SUPER busy.  Green means you’re busy – maybe, maybe not.  Available?  In theory, yes.  But you could have trained the retired old lady next door to refresh that green light all afternoon while you snuck out for a round of golf.

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Machine Learning 101: Essential for the Modern Business

Machine Learning 101: Essential for the Modern Business

Today, machine learning is becoming incredibly important for businesses hoping to remain competitive. From shipping and logistics to the medical industry, machine learning is being used to improve upon products and processes. Here’s what you need to know about integrating machine learning into your organization’s infrastructure.

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So, You Are Thinking About Integrating Machine Learning Into Your Business Process?

By: Dmitriy

When most people think of ML, they imagine a team of data scientists, high overhead costs for computer hardware and timelines that stretch into quarters or a year before seeing results. But today the market is filled with automation tools and cloud-based computing power. ML, AI, and Big Data are available more than ever. It is now easier for medium to large-size businesses to start using and applying these advancements in business intelligence technology to grow and improve their business.

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Data Biz: Q & A with John Tardy

By: Sharon Mattei

John Tardy is a principal consultant at Starr & Associates and leads the Business Intelligence and Data Analytics practice area.  He has a BS in Electrical Engineering and an MS in Biomedical Engineering from Rutgers University and an MBA in Management of Technology from Georgia Tech.  He has worked with start-ups and served in senior leadership roles with some of the most recognized brands in the country.  He pairs a depth of technical expertise with business savvy to deliver practical and impactful solutions for his clients.

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Analytics Is a Team Sport

By: John Tardy

One of the things I enjoy about our work in analytics is the variety of business problems we solve. While the specifics of the problem vary, our overall objective is always to derive value from the data. Putting the client’s needs first means that we adjust our approach to best fit the situation rather than fixate on a specific tool or pre-selected solution. This variety makes the work exciting, but it also creates challenges in staffing the appropriate skills. Over the years, I have come to refer to our solution to this challenge with the phrase “Analytics is a team sport.”

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Should We Transform Our Business to the Cloud?

Should We Transform Our Business to the Cloud?

Using cloud solutions opens your workforce to using virtually any Internet-connected device to access and process data. That means everyone gets to use the computing tool with which they feel most comfortable whether it’s the office’s iPads or a Windows computer. Another benefit is your office can purchase exactly the number of licenses it requires, then add to it as it hires office staff.

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Metrics and Dashboards in Selling Company Initiatives to Executives

Metrics and Dashboards in Selling Company Initiatives to Executives

How do executives determine whether company initiatives are effective or not? Executives don’t have the time to regularly comb through lengthy reports. They need important information to be delivered to them in as concise of fashion as possible. This is the role that a dashboard plays. Through a well-designed dashboard, executives can get all of the business analytics data they need.

Building an Executive Dashboard

An executive dashboard must be specific, measurable, actionable, realistic, and time-bound. The statistics displayed should be relevant to the organization’s current goals, displaying both metrics that are over-performing and under-performing. These metrics should be displayed in a timely fashion and should allow executives to drill down to further information that is relevant to them.

At-a-glance, the executive dashboard must give a broad spectrum overview of company initiatives, including everything that needs to be improved upon or modified.

Choosing the Metrics of an Organization

Which metrics should an executive be shown? After all, a company is likely tracking hundreds of them — which are most important? Begin with your organization’s most important metrics, such as its net profits. From there, pare down to the metrics that are underlying that, such as sales and expenses. These underlying metrics are what influences your net profits.

At-a-glance, the executive dashboard must give a broad spectrum overview of company initiatives, including everything that needs to be improved upon or modified.

If an organization has current and specific initiatives, such as increasing returning customers or improving upon new sales, these metrics should additionally be tracked. This gives the executive actionable information regarding the company-wide initiatives that are currently on-going, so they can determine whether the company is moving in the correct direction or not.

Use Data Visualization and Analytics

Few people, even experienced company executives, can glean any information from charts upon charts of numbers. Data visualization makes it easier to analyze large volumes of seemingly complex data all at once. Through data visualization, patterns more easily emerge. Pie charts, for instance, can be compared quite quickly to each other to identify current trends.

The right data analytics dashboard will give you a variety of ways to display information. The more varied the information displayed on the executive dashboard, the easier it will be to compare different metrics and identify changes as they occur. There are many software suites out there built for visualizing complex sets of data.

A modern organization is only as good as its data. There is no way for a business to succeed today without tracking its metrics. Moreover, the metrics on a company dashboard give an executive the information they need to make powerful, well-informed decisions for their company. For more information about the role that information plays in business today, contact the experts at Starr & Associates.

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