Backasting

Posted on Posted in Analytics Strategy, Business, Design Thinking, Strategic Analytics

Backcasting is a fantastic technique. It was invented in Canada. You’re welcome to use it. If it sounds like forecasting – well – that’s because it’s kind of like forecasting. With an important difference. That wikipedia page says: Whereas forecasting is predicting the future (unknown) values of the dependent variables based on known values of the independent variable, backcasting can be considered the prediction […]

Decision Automation, Strategy Formation, and the Generation of New Decision Pathways

Posted on Posted in Analytics, Analytics Strategy, Artificial Intelligence, Big Data Science, RecSys, Social Analytics, Strategic Analytics, Technology

An orthodox Software as a Service (SaaS) business is, in part, math that an organization tries its best to manage. Think about all the math that goes into the construction of a typical SaaS firm. At the core there’s some customer with a job: a goal against which the customer wants to make progress. They […]

Why the unimportant, urgent stuff gets done first

Posted on Posted in Analytics Strategy, Data Driven Culture, Marketing Science, Technology

Why does it seem like all the unimportant, easy stuff gets done first? Look up The Urgency Bias. Employing simplified games and real-life consequential choices, we provide evidence for “urgency bias”, showing that people prefer working on urgent (vs. important) tasks that have shorter (vs. longer) completion window however involving smaller (vs. bigger) outcomes, even […]

How Data Driven Cultures Tackle CAC

Posted on Posted in Analytics Strategy, Business, Data Driven Culture, Marketing Science, SaaS

Assume that you’re a founder of a tech startup. Assume that you’ve achieved product-market-solution fit. You’ve nailed it. Time to scale. Many founders are great at sales. But not all founders are great at marketing. And that’s a bit of a problem because of three letters: CAC. The Customer Acquisition Cost CAC is the ratio […]

The Data Driven Culture: Startups

Posted on Posted in Analytics Strategy

In this post: Data Driven Cultures in startups should discover product-solution-market fit more reliably than Ego Driven Cultures Data Driven Cultures Carl Anderson, 2015 (Data Scientist at Warby Parker) defines a data driven culture as: Is continuously testing; Has a continuous improvement mindset; Is involved in predictive modeling and model improvement; Chooses among actions using […]

The Data Driven Culture: Strategy

Posted on Posted in Analytics Strategy, Business, Data Driven Culture

Consider the statement: The strategies generated by data driven cultures are likely to produce sustainable competitive advantages. Data Driven Cultures Carl Anderson, 2015 (Data Scientist at Warby Parker) defines a data driven culture: Is continuously testing; Has a continuous improvement mindset; Is involved in predictive modeling and model improvement; Chooses among actions using a suite of weighted […]

Storytelling versus Bullet Points

Posted on Posted in Analytics Strategy

There’s a tension between two modes of communication – comms by storytelling and comms by bullet point. They each have pros and cons. In this post, I’ll summarize the differences. There is no verdict. The bullet point Some speak in bullet points. They’re being the golden threes be’s: Be Brief. Be Brilliant. Be Gone. Their […]