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By Paul Ormonde-James HR Metrics Summit 2013 Fortifying business decisions with definitive data 26 - 28 AUGUST 2013 Stamford Plaza MELBOURNE
27

A fool with a tool is still a fool, people means power

Jul 02, 2015

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Page 1: A fool with a tool is still a fool, people means power

By Paul Ormonde-James

HR Metrics Summit 2013Fortifying business decisions with definitive data26 - 28 AUGUST 2013Stamford PlazaMELBOURNE

Page 2: A fool with a tool is still a fool, people means power

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It’s WAR

out there

Page 3: A fool with a tool is still a fool, people means power

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New Entrants

Substitutes

•Supply Analytics

•Provider Mgt

•Procurement

Competitive Intelligence

Business Intelligence

Competitor

Industry

Our CompanyKnowledge Mgt

•CRM Analytics•Single View •Customer•Channel Analysis

Suppliers•Vendors

•Institutions

•Providers

•etc

Customers•Memberships

•Members

•Future

members

Competitor

Competitor

NATIONAL

GLOBALLYCompetitor

CompetitorCompetitor

Competition

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I’m an individual

I’m an individual

I’m an individual

I’m an individualI’m an

individualI’m not

Finding

profitable

customers

Page 5: A fool with a tool is still a fool, people means power

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The World Bank

Head of Global Business Intelligence, The World BankWashington DCUSA

• Manage modeling & analysis teams for global impacts on banking sectors

• Managed global teams collecting data from 182 countries

• Managed predictive analysis teams on portfolio risks & cash flows

• Built & managed Global teams for end to end data control & analysis

Page 6: A fool with a tool is still a fool, people means power

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We live in a

digital world

Page 7: A fool with a tool is still a fool, people means power

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Social Media….

BIGData

Page 8: A fool with a tool is still a fool, people means power

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Finding the

right customer

data is like

Looking for a

needle in a hay

stack

Page 9: A fool with a tool is still a fool, people means power

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Performance

Page 10: A fool with a tool is still a fool, people means power

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PEOPLE

CUSTOMER

PERFORMANCE

Analytics is

the triad

Page 11: A fool with a tool is still a fool, people means power

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A fool with

a tool

Is still a

fool….

Page 12: A fool with a tool is still a fool, people means power

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Processes

give

understanding

of roles and

accountability

Page 13: A fool with a tool is still a fool, people means power

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What you

don’t

measure…

Does not

happen

Page 14: A fool with a tool is still a fool, people means power

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The

greatest

impact to

P&L is

People

Page 15: A fool with a tool is still a fool, people means power

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Business Intelligence deliverables 3 “sights”

What is

Happening

What has

HappenedWhat might

Happen

Current

Time

1 month 3 month 6 month 12 monthFuture

Time

Past

Time1 month2 month3 month

Decision Point

Looking Forward (Forecasting)

-Proactive

-Considering Issues before they impact

- Manoeuvre before impact

-Time to make more accurate decisions

-Reactive

-Short time to consider decisions

- “Fire Fighting” approach

-Market Follower

Looking Backward

Month

End

Data finalised Compile data Report generation Results analysis

1 week 2 week 3 week 4 week

Manual Processing Delays

Hindsight

Insight

Foresight

The “sights” or I’s (eyes) of BI (business Intelligence) which adds value to corporations, through understanding what happened, what is happening and what could happen. This will take cultural changes

Page 16: A fool with a tool is still a fool, people means power

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Predictive

analytics

Guiding the

way

Page 17: A fool with a tool is still a fool, people means power

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Analytics is like

algebra it is not

simple

numbers

1a+1b=2c

Page 18: A fool with a tool is still a fool, people means power

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HR can make

the difference

Through

PEOPLE

Page 19: A fool with a tool is still a fool, people means power

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The Analytics 4 P’s

• Purpose•Personality•Performance• Patronage

4P’sPEOPLE

For analytics, we have our own 4P’s that give us levers to manipulate delivery. By addressing these levers analysts and analytics can become a welcomed strategic and tactical tool

Page 20: A fool with a tool is still a fool, people means power

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Technical skills

only a part of the

need, must have

people who can

utilize both sides

of the brain

Page 21: A fool with a tool is still a fool, people means power

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13 Data quality

the key to

good

decisions

Page 22: A fool with a tool is still a fool, people means power

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ExtrovertIntrovert

Creative

Detailed

Forensic Auditing

Marketing

Performance

in

personality

Page 23: A fool with a tool is still a fool, people means power

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Without senior

support your

journey is very

difficult..determin

ation only gets

you so far

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13 Communications

Critical in

analytics

Page 25: A fool with a tool is still a fool, people means power

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13 AnerdLYTICS

The human

face of

numbers and

analysis

Page 26: A fool with a tool is still a fool, people means power

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Convert

aNERDlytics to

ANNA lytics

Ana

Page 27: A fool with a tool is still a fool, people means power

By Paul Ormonde-JamesTwitter: pormondejames

HR Metrics Summit 2013Fortifying business decisions with definitive data26 - 28 AUGUST 2013Stamford PlazaMELBOURNE