My presentation from the Tech4Africa event conducted in Johannesburg. Presentation focuses on 2 aspects, primarily the opportunity for us Africans on our continent and then how Data and Information for Effective Decision making can enable Leadership on our continent to compete.
From Event to Action: Accelerate Your Decision Making with Real-Time Automation
The 7 Habits to becoming an Effective Decision Maker
1. MILLIONS OF COPIES TO BE SOLD!
@KarabinaSoftwre
The
HABITS
to becoming a
HIGHLY
EFFECTIVE
DECISION MAKER
H E AT H P.
T U R N E R EDITION
BI Self
Help
Book
2. Foreword: The Africa Attraction?
• 54 Countries, over 1.1bn people
• $2 Trillion Collective GDP (more than India, less than Brazil)
• Some Confidence
• Internet Bandwidth grown 20 fold
• Mobile Subscribers set to Exceed ; 650 million
• 7 of 10 fastest Growing WW Economies
• Growth surpassed East Asia in 8 out of past 10 years
• 50% Labour Force will have secondary education by 2020
@KarabinaSoftwre
4. HABIT 1:
Begin your journey with the end in mind?
1972
Business
Applications
Input
1969
Database
Invented
Data
Storage
=
Answers
1989 Business
Intelligence
BI 1.0 BI 2.0
People Centric
5. HABIT 2:
Seek to Understand… before being Understood
THE CIRLCE OF CONCERN>>>>
• Find Data and Produce Report
• Large amounts of time spent
gathering & sorting data for business
• Report after its happened (end point)
• Suitable for Operational Reports
• Takes time to generate
• Data turned into Information
• Easily accessible & immediately
available
• Analyse information at anytime
• Available for more people to use
Report-Driven
Reports substantiate Business
Decisions
Analytics-Enabled
Information improves Business
Decisions
@KarabinaSoftwre
*Most Companies *Trying to move here
6. Reporting versus #Analytics
Response
Time
+High-Slow
Fast Low
Data
Complexity
ERP
Underlying Data Source
Reporting Solution
View Data onlyCube
Data Warehouse
Analytics
Interact & Analyse Data
ERP
Underlying Data Source/s
Other
REASONSOFINFLUENCE
• Decision-makingtool
• FastandEasytouse
• SingleversionofTruth
• InformationisPervasive
• Data-warehousecritical
@KarabinaSoftwre
7. HABIT 3:
Positive Reinforcement - Dispel the Myths
X Small & Medium Sized business don’t need this.
X It’s expensive to buy and purchase.
X Only need to buy a sexy front-end BI tool.
X Too complex to implement & understand.
X Don’t get caught trying to understand BIG DATA!
@KarabinaSoftwre
9. Analytics can improve bottom line
@Karabina
Save Time and Remove Errors in gathering Data.
Get immediate answers to:
Business Critical questions
Historical Trends & Future Projections
Apply your wisdom and explore your data
@KarabinaSoftwre
12. @Karabina@KarabinaSoftwre
Only Manages Transactional Business Process
• Centralise your Transactions
• Place Orders, Receipts, Credits, Stock
CAN’T LOOK AT YOUR BUSINESS HOLSITICALLY
DOESN”T MANAGE BUSINESS AGAINST KPI’S
WON’T TELL US HOW TO IMPROVE
13. @Karabina@KarabinaSoftwre
• Increase Profit - Focus on improving KPI’s
• Increase Revenue - Focus on Customers and Products
• Decrease Costs - Benchmark and Measure Productivity
• Reduce Costs – Gain Efficiency
• Reduce Costs – Accuracy and Access to information
• Improve Working Capital – Reduce debtors & excess stock
14. HABIT 5:
Make sense of whether to Buy or Build
@KarabinaSoftwre
COST
TIME
BI PROJECT BUILD
BUY
LETS BUILD IT
X - 54% of traditional BI
implementations fail.
X - Ave. BI Project is around
460 days effort to deploy
X – High Risk
6 to 18 Months1 Week
$25k
Over $150k
BUY IT
Costs typically 75% less
Ave. BI Project is 5 days
Highly Suitable
- pre-built models,
- pre-built reports
- pre-built Dashboards
15. HABIT 6:
Deliver your Promise - Quickly
Leverage existing software investments
Minimise impact of introducing new technology
Use pre-built products that deliver instant value
Deliver incremental value – avoid the BIG BANG
Deploy with the team you have
DELIVER THE VALUE YOU PROMISED!
@KarabinaSoftwre
16. HABIT 7:
Sharpen your Insight & Increase Adoption
• Its a Journey and not a destination
• Embed Analytics in your business
• Include other source of data into your BI
• Enable Self-Service BI (training & change)
@KarabinaSoftwre
17. Follow these 7 Habits and hopefully
you too will be on the path to better
Decision making in your business.
@KarabinaSoftwre