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Thread: "Golden Rules for converting Data to Decision"

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    Takashi is offline Expert
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    Default "Golden Rules for converting Data to Decision"

    I recently read a blog which spoke about the “5 Golden Rules for converting Data to Decision”. What are your “Golden Rules” for converting Data to Decision?

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    MercuryNewt is offline Expert
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    Default Re: "Golden Rules for converting Data to Decision"

    For those interested in reading the original blog, here's a link:

    Five golden rules for converting data to decisions | BI Blog | Business Intelligence (BI) Blog

    After reading the article, I began to reflect on my own experience, to which I only had one simple rule: get to the single source of the truth. I know it sounds cliche and is often a daunting task, especially in a new implementation, but if you can get the business to buy-in and get past their personal Excel spreadsheets or Access databases, providing a window to that single source of the truth through your data warehouse will do more for converting data into decisions than any number of other efforts combined.

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    VRGultom is offline Expert
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    Default Re: "Golden Rules for converting Data to Decision"

    data doesn't mean anything if it is only data.
    You need group some data base on your requirement. For example:
    You want to know when and where the average sales increase significantly
    so you need to assume what data you required. Let say you will need data of:
    1. list of city
    2. Sales date
    3. Qty
    4. Sales Name
    you have to combine all that data to generate information.
    So in general to me the step are:
    1. Define your information needed/requirement
    2. List data needed to generate accurate information
    3. Define relationship between all data
    4. Combine all data/process the data to generate information required
    5. Analyze the result which is the information to make decision

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    gvinueza is offline Skilled
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    Default Re: "Golden Rules for converting Data to Decision"

    Ask the Architects
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    Converting Data to Decision is a maturity practice that goes with every company. If a company is new, it will spend several hours figuring out the correct thresholds and indicators, even though dashboards are available for all kinds of business. If the company is in a steady state Data to Decision situations can be modeled and some automatic-decisions can be modeled. These are both extremes, all tasks between them are defined by the company's maturity.

    For these tasks, a Golden Rule I use is "find the right source for the current situation" - explain surplus and deficit, drilldown until the transaction level.

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