We celebrate analytics in November throughout our blogs and our monthly blog recommendations: how to go about investing in analytics, and what data-driven scenario planning can mean for your company. Cybersecurity is also on the agenda since NIST released a guide on Cyber Security Risk Management. And we find out how Deloitte, in an interview with its Managing Principal, has been changing to meet the big changes happening around us.
Our monthly selection of blogs from thryve’s partners Salesforce, Riskonnect and Tableau explore these topics in more depth. So grab a cup of coffee, hit one of the links below, and find out what steps you can take to create more prospects and a better tomorrow:
NIST releases cybersecurity risk guidelines
We all know that cyber threats are significant risks to today’s organisations. Yet articulating the issue in a risk scope is not as simple to grasp, which is why the U.S. state agency NIST (National Institute of Standards and Technology) released a guide on Cyber Security Risk Management (CSRM). It’s a voluntary and free framework, put together by top experts in the field and undoubtedly worth a look.
Investing in analytics – an expert’s view
Analytics is a crucial part of every company’s future success. This type of service has evolved from a competitive differentiator to a necessary tool if you want to adapt quickly to change, do proper scenario planning, and discover new insights about your customers, employees, and operations. This HBR article by Cassie Kozyrkov, Google’s Chief Decision Scientist, looks more closely at what you need to get analytics working for your business. Hint: grasping its value is the easy part.
The growing role of data-driven scenario planning
Speaking of the need for analytics – more and more companies are noting how useful data-driven scenario planning is. Scenario planning is useful for even the most rudimentary of business questions – e.g. how much stationary will you need for remote-working employees, and could that budget be used differently to meet their needs? – and considerably more accessible to large parts of the company, thanks to analytics platform services such as Tableau. Suitably, Tableau explores this concept in a new Forbes article.
Bonus link: here’s a hands-on example of someone to do what-if planning with Tableau.
How Deloitte is managing pandemic change
For Jason Girzadas, managing principal for businesses, global, and strategic services at Deloitte U.S., the way to change is through hearts and minds, “What we’re going through is first and foremost a human tragedy, and as business leaders, we have to acknowledge that first. We have had to think about this whole situation from both a head and a heart perspective, if you will. This is not just an analytical exercise but an emotional, health-related crisis.” During a video interview with Salesforce (some of it transcribed in an accompanying article), he explores this theme and how Deloitte uses insight technologies to get to the best answers.