Fostering A Data-Driven Culture As Your End-Goal

Posted on Posted in Insider

Come to think of it, employees may be the most important asset of a company but in their hands lie what can be considered the second most indispensable resource of a business: data.

The impact of a data-driven culture in the workplace goes a long way. Whether it be in analyzing employee performance or tracking sales trends (to name a few), it is important for organizations to imbibe a culture where their people see and appreciate the value of using data.

Why? For one, there’s more data available today than ever before. In his speaking session at OPEN MINDS Technology and Informatics Institute in Washington, D.C. in 2016, CEO Ravi Ganesan pointed out that 90 percent of all human-generated data that exists was created in the last two years.

Just imagine, without data nothing in the world would make sense, much less in the workplace. Your business strategies, decisions, directions, and results are all data-based — and they would be a lot smarter if you cultivate a data-driven culture in your organization.

Remember: Data are not just numbers.

MS-Excel, the spreadsheet application that is used by most organizations in data analytics and management, has become the tool-of-choice for businesses mainly because of its simple interface, which allows users to easily perform basic activities.

The software also features custom formula for calculating systematic reports. Statistics- crazy individuals appreciate MS-Excel very much because it allows them to easily work with graphing and applied maths.

People with specialized tasks should train in the advance use of MS-Excel’a custom functions (a.k.a. UDFs or user defined functions) in order to perform their roles better. For instance, one can use a custom function that can automatically grab latitude and longitude data from a local database, and then perform distance calculations based on this data.

It has been more than three decades since MS-Excel was first introduced to the market by tech giant Microsoft. Nevertheless, it has remained a powerful tool and the top seller in its own category in the market. Some American business writers even tagged MS-Excel as “the program that has launched thousands of startups.”

Now and for the years to come, MS-Excel will continue to make data in the workplace look more professional.

NOTE: Career First Institute will hold a two-day training class dubbed as “MS-Excel Hands- On Training for the Data Savvy” on July 20-21 in its office at 2nd Level JY Square Mall in Lahug. Registration fee is at Php3,000 per pax. For promo packages and more details, call the secretariat at (032)2602797.