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Fishing for Insights: Reeling in Data Stories
10. 5. 2023
olga
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No Insight, No Story: Why Content Always Comes Before Form in Data Analysis.
Ahoy, fellow data enthusiasts! Welcome aboard! Today, we embark on a thrilling journey to uncover the hidden treasures within your business data. But beware, as we navigate these waters, we must remember that no data story is complete without actionable insights. So, grab your fishing rods and let’s cast our lines into the sea of information!
The fishy fiasco: An Oversimplified Yet Entertaining Practical Example
Imagine you’re a savvy data analyst, diligently combing through the vast ocean of numbers and figures. Suddenly, you notice something unusual—returns from the fish department in your retail store have mysteriously skyrocketed! And to make matters worse, unsatisfied customers are casting their complaints left, right, and center. But fear not, for you are armed with the power of insights!
Picture this: The temperature in your fish display fridge has been hotter than a sizzling summer day in the Bahamas. It soared from a chill 0-5 degrees Celsius to a sweltering 12 degrees Celsius two weeks ago, and, to your dismay, the fridge hasn’t been fixed yet. In this whimsical tale of business mishaps, the fridge temperature becomes the elusive business driver, while fish returns play the role of our performance metric. The actionable insight gleams like a sparkling fish in the sunlight—fix that fridge and set up an automatic alert for any future temperature hikes!
Catching Insights: Hook, line, and sinker.
Now, my fellow data anglers, let’s dive deeper into the art of reeling in those valuable insights:
a) Talk to the store Operations manager: As soon as you detect something fishy in your business performance, don’t wait for the tides of time to turn against you. Seek out the Operations manager and engage in a friendly chat. Remember, the early bird catches the worm, or in this case, catches the insight before it slips away into the abyss of missed opportunities.
b) Learn about your business: Don’t just wait for the waves of misfortune to crash upon your data shores. Instead, immerse yourself in the depths of knowledge about your business. Talk to stakeholders, uncover hidden details, and identify those ever-important business drivers. Armed with this wisdom, you’ll know exactly where to cast your net when problems arise.
c) Automate like a pro: Why rely solely on your own intuition and communication abilities when you can harness the power of automation? Take your newfound knowledge of business drivers and design dazzling driver-based dashboards. By doing so, you’ll become a bona fide Jacques Cousteau of data, solving 90% of the mysteries without constantly running to the Operations manager’s door.
Conclusion
As we bring this adventure to a close, let’s recap our trusty steps to fishing for insights:
- Talk to the right people, but don’t let the tide of time carry away your opportunities.
- Dive deep into your business, chat with stakeholders, and uncover the hidden gems known as business drivers.
- Automate like a data wizard, using driver-based dashboards to solve mysteries faster than you can say, “Holy mackerel!”
Remember, fellow data explorers, insights are like fish in the sea—sometimes elusive, but always worth the chase. So, grab your fishing gear, cast your lines, and embark on the thrilling voyage of uncovering data stories that will make your business thrive.