In my previous post on Get In The Data Analytic Flow, I described how companies are uncovering amazing insights and achieving greater performance through the use of advanced analytics.
One of the important tools they use is Microsoft Power BI. It has been a key enabler of these insights.
Here at Think Data Insights, we’ve seen been doing some flow hacking for our own clients. While recently working with a very successful physician-owned medical center, we were reviewing with the CIO and CFO some new changes to their physician dashboard.”This is awesome!” they said. “Do you remember when we started?”
At that point, I realized how the conversation was rapidly changing in their organization. They were accustomed to monthly physician reporting where the main questions were “Are the numbers right?” and “What do they mean?”
Now, the conversation has shifted to “How can we use this information to improve the profitability of our services?” Instead of asking “Why can’t we?”, they are beginning to ask “What if we…?”
The Next Step
Now this company needs to improve the quality and efficacy of their patient care, which is critical as the healthcare industry moves toward a value-driven model of healthcare services. A key component of this model will be the rigorous use of data to inform decision-making about the types of services to offer patients. This is the potential when you begin to make radical changes in how you approach data analytics.
We refer to this radical change in an organization as a shift in their data culture. In essence, they are achieving a state of flow in their use of data analytics. Data-driven decision-making is the key to the future.
What’s a catalyst for this? Microsoft Power BI, a powerful data integration and visualization solution providing rich enterprise capabilities in the familiar and ubiquitous Excel environment.
Microsoft has become a growing force in the Business Intelligence (BI) technology landscape (see Gartner quadrant). And it is changing the way companies use data.
With traditional BI tools and approaches, the time it takes to implement such capabilities creates a barrier between IT and business. Power BI allows IT and management to become partners working toward the same goal.
In this new model, IT remains the guardian of enterprise requirements: security, data governance, compliance, data storage and complex data integrations. Subsequently, the business side owns the rules and calculations that they know best, becoming data-driven decision-makers in the process. Our team has witnessed this momentous shift firsthand with our medical center client.
These techniques apply across all industries. What challenges do you face with your organization today? Would you like to see a “flow state” within your business?
Tell us your challenges and get into the flow.