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Data	Is	Not	Enough:		
It	needs	to	be	turned	into	
insights
“The	key	to	good	decision	making	is	not	
knowledge.	It	is	understanding.	We	are	
swimming	in	the	former.	We	are	
desperately	lacking	in	the	la;er.”	
	
-	Malcom	Gladwell,	Blink
Data	vs.	Insight	
Data	=	facts,	either	quan@ta@ve	or	qualita@ve	
	
	
	
	
Data	is	easy,	quick,	one-dimensional	
	
Response	
Rates	
Top	Two	
Box	
Impressions	
Likes	
Likelihood	
to	Purchase	
Page	Views	
Click	
Through	
Rates	
Importance
Just	geKng	data	is	like	going	to	a	restaurant	and	the	waiter	plops	all	the	raw	
ingredients	of	your	dish	on	the	table.	
Data	 Insights	vs.
Data	vs.	Insight	
Insight	=	outcome	of	a	process	that	combines	facts	
with	business	knowledge,	observa@on	and	
experience.	Insights	are	more	@me	intensive	and	
mul@-dimensional	and	you	have	to	know	the	
business	ques@on	and	the	business	in	order	to	
create	insights.
How	to	turn	data	into	insights	
1.  Know	the	business	ques@on	you’re	trying	to	answer	
2.  Study	the	business	
3.  Analyze	the	data	available	
4.  Bring	the	data	to	life	through	visuals	
5.  Look	for	themes	in	the	data	
6.  Combine	with	other	knowledge	and	determine	insights	
Data	 Insights
1.	Know	the	business	ques@on	you’re	
trying	to	answer	
	
It’s	not	enough	to	just	field	a	study	or	look	up	an	answer	
to	a	ques@on	that	is	thrown	at	you.		You	need	to	know	
the	background.		What	led	to	this	ques@on	or	project?		
How	does	it	fit	into	the	bigger	picture?		What	will	you	
do	with	this	informa@on?		All	of	this	informa@on	will	
help	you	obtain	the	right	facts	that	will	lead	to	insights.	
Example:		Some	of	our	bank	branches	are	more	
profitable	than	others.		We	want	to	know	if	it	is	
the	customers,	loca@on,	or	sales	team.
2.	Study	the	business	
	
Look	to	understand	the	bigger	picture.		How	
does	the	business	challenge	or	ques@on	relate	to	
their	plans	or	the	industry	they	are	in?	Talk	to	
people	about	the	impetus	for	the	request.		How	
does	your	project	fit	into	the	overall	strategic	
plan?	What	problem	is	it	solving?		In	other	words	
–	do	your	homework	and	get	smart	about	the	
business.		Use	this	informa@on	when	crea@ng	
insights.	
To	Do:		Read	the	annual	report	and	exis@ng	strategic	plans	or	other	background	
informa@on	about	the	company,	industry,	and	compe@@on.
3.	Analyze	the	data	available	
	
	Now	you	have	a	pile	of	data	from	either	a	study	you	
fielded	or	secondary	searching.		Read	through	it.		
What	is	it	telling	you?		If	it’s	a	dataset,	run	your	
sta@s@cal	analysis	on	it.		Look	at	significant	
differences	across	various	groups.		All	of	this	analysis	
will	lead	to	addi@onal	ques@ons.		Try	to	find	the	
answers	to	those	ques@ons.		Fill	your	mind	with	as	
much	data	and	informa@on	as	possible.	
Look	at:	Addi@onal	resources	can	help	the	ques@ons	
that	will	come	up.		Google	searches,	secondary	
research	and	past	primary	research	are	great	here.		
Also	talk	to	individuals	at	the	company	to	see	if	they	
have	answers.
4.	Bring	the	data	to	life	through	
visuals	
	
	
	
It’s	oden	easier	to	see	the	most	relevant	points	
once	is	visualized.		This	can	take	many	forms	from	a	
simple	pie	chart	to	a	more	complex	chart	
incorpora@ng	mul@ple	data	points.		The	main	point	
here	is	that	the	visual	accurately	shows	the	data	
and	that	it	is	easy	to	understand.	While	words	
should	always	be	included	to	explain	it,	the	graph	
should	be	able	to	stand	on	its	own	if	needed.	
Think	about:		What	is	the	best	way	to	help	the	
reader	understand	the	meaning	of	the	data	in	the	
quickest	and	most	complete	way	possible?
5.	Look	for	themes	in	the	data	
	
	Now	that	everything	is	visual,	it’s	easier	to	see	how	
the	data	relates	to	each	other.		Spend	some	@me	
looking	for	similari@es	and	disconnects	among	the	
data	points.		What	does	the	data	tell	you?		What	
stories	are	beginning	to	form	in	your	mind	from	the	
data?		What	are	the	most	impaceul	data	points?		Do	
they	all	relate	to	one	area?	
Look	For:		Trends,	anomalies	and	outliers.		What’s	
different,	what’s	the	same?		Are	there	rela@onships?			
Develop	a	hypothesis	as	to	why	the	data	looks	the	way	
it	does	and	think	of	ways	to	test	your	theory.
6.	Combine	with	other	knowledge	and	
determine	insights	
	
	By	this	point,	the	data	should	be	making	sense.	You	
know	what	it	is	saying.		The	key	now	is	to	combine	it	
with	other	research,	business	knowledge	and	
experience	to	help	form	the	insights.		Once	you’ve	
combined	some	points,	think	about	what	it’s	really	
telling	you	about	the	business.		Now	star@ng	wri@ng	
them	out.	Combine	these	and	add	to	them.		Now	you	
have	insights.			
Tip:		Step	away	from	all	the	work	for	a	bit	–	go	for	a	
walk	or	sleep	on	it.		When	you	come	back	with	a	fresh	
mind	or	new	perspec@ve,	you	might	see	new	things	
and	also	determine	the	most	impaceul	insights.		These	
should	be	used	to	build	recommenda@ons.
Data	 Insights	 Recommenda@ons	
Data	alone	is	not	enough.		You	have	to	take	it	to	the	next	level	for	it	to	
be	useable.		Data	to	insights	to	recommenda@ons	wins	every	@me!
The	brand	story	your	clients	think	they	have	may	not	be	the	same	one	that	their	customers	are	
thinking.		This	is	where	Long	&	Short	of	It	can	help.		We	use	insights	based	solu@ons	to	provide	clear	
strategic	direc@on.		
Branding	
Brand	elements	connect	the	internal	vision	with	the	external	
brand	expression.	
Strategic	Planning	
Measurable	objec@ves,	insights,	strategy	and	tac@cs	to	achieve	
the	desired	outcome.	
Idea8on	
Structured	brainstorming	yielding	many	ideas	and	then	
dis@lled	into	a	short	list	to	be	tested.	
Innova8on	
Design	thinking	process,	tools,	and	methodologies	to	help	create	
new	products,	system,	or	solu@ons.	
Customer	Insights	
Research	to	determine	what	customers	are	thinking,	feeling	
and	doing.	
Research	
The	cornerstone	of	everything;	we	employ	all	qualita@ve	and	
quan@ta@ve	methods.	
www.lasoi.com

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