Feb
19
How To Make Data Actionable
The 99%:
In the olden days, the ability to collect, organize, and analyze massive amounts of data was largely the province of scientists working in academia, government, or private industries like pharma or biotech. Not so in the 21st century. Data collection and analysis is now a key competitive advantage for online companies from social networks to consumer shopping sites. It’s not just NASA that has a “Chief Scientist” anymore – LinkedIn, Yahoo, and Amazon have them, too.
Here are 6 best practices for harnessing data and making it actionable, shared by LinkedIn’s DJ Patil:
- Iterate quickly
- Test, test, test
- Use cheap solutions
- Track your numbers very, very closely
- Empower your employees
- Emphasize creative experiments
Click in for the detail on each, and think about how this can work for you too.
A gut feeling can lead us, and the data can help us recalibrate.
~ Scott Belsky
