Data

Data that pays for itself

Start with the decision, not the dashboard.

Baron Alliance InsightsAugust 20263 min read

Data projects stall when they start with collection and end with dashboards nobody uses. We start with a decision that matters and has a value attached: a cost leak, a churn risk, a forecast that drives orders.

Then we work backwards to the minimum data, quality and model needed to improve that decision, measure the result, and only then widen the scope. Each step funds the next.

Choosing the first decision

  • It happens often enough that a small improvement adds up.
  • Someone owns it and is willing to change how it is made.
  • The value of getting it right can be estimated in money, time or risk.
  • The data needed exists, even if it is messy.

A weekly stock order, a daily staffing plan or a monthly credit review usually beats a grand single view of the customer as a first project. The narrower the decision, the faster the proof.

Working backwards

Once the decision is chosen, ask what information would make it better, how accurate that information must be, and how it will reach the person deciding at the moment they decide. Often the answer is a simple forecast or a risk flag inside a tool they already use, not a new dashboard.

A dashboard nobody opens has a return on investment of zero.

Proving the value

Measure the decision before and after: stockouts, overtime hours, losses written off. Keep the comparison honest by recording the baseline first. When the numbers move, the case for the next step makes itself, and the data foundations grow one funded step at a time.

From reading to doing

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