{"id":1946,"date":"2021-07-05T11:26:15","date_gmt":"2021-07-05T10:26:15","guid":{"rendered":"https:\/\/www.theofficialboard.com\/best-articles\/?p=1946"},"modified":"2021-07-05T17:29:36","modified_gmt":"2021-07-05T16:29:36","slug":"data-in-difficult-times","status":"publish","type":"post","link":"https:\/\/www.theofficialboard.com\/best-articles\/2021-06\/data-in-difficult-times\/","title":{"rendered":"Data in Difficult Times"},"content":{"rendered":"\n<p class=\"has-text-align-center\"><a href=\"https:\/\/www.egonzehnder.com\/industries\/technology-communications\/insights\/data-in-difficult-times\">Viewed in EgonZehnder<\/a><\/p>\n\n\n\n<p>Pretty quickly into the emergence of last year\u2019s global pandemic,&nbsp; global management consulting and executive search firm EgonZehnder sensed some fairly seismic moves were underway in the direction of global business. <\/p>\n\n\n\n<p>They responded by doing what any exceptional management consulting firm would do; they sought out the facts related to these changes.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Digital-First approach<\/h5>\n\n\n\n<p>On May 26, 2020, EgonZehnder brought together chief data and analytics officers from across a number of industry sectors to learn more about the pandemic\u2019s impact. What they heard from these officers was that the necessity of remote work conditions was forcing an embrace of a \u201cdigital-first approach\u201d that most of these data and analytics officers says they had been pushing for even prior to the pandemic\u2019s emergence.<\/p>\n\n\n\n<p>The finding was yet the latest confirmation that Newton\u2019s Third Law\u2014\u201cevery action has a reaction\u201d\u2014sometimes &nbsp;also proves true in business, proving a decisive force in driving corporate changes that may otherwise have taken many years to materialize, if they ever did at all. <\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Data democratization<\/h5>\n\n\n\n<p>In this case, the most fundamental reaction to the action of the pandemic has been the democratization of data, which remote work conditions required be more broadly available throughout corporate structures.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Actionable intelligence<\/h5>\n\n\n\n<p>But with data more broadly available, data and analytics officers also reported they are confronting mounting demand to explain data in more effective ways, interpreting and explaining it so that takeaways include true underlying actionable intelligence. <\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Story telling<\/h5>\n\n\n\n<p>As the chief analytics officer of a consumer products company told EgonZehnder, \u201cA story telling skill set is more important now than ever before. <\/p>\n\n\n\n<p>[You must] be able to take data and translate it in a simple and compelling way that spurs action, to distill it in a way that is inspiring to the business so that [people] want to action it.\u201d With nearly four million dead from Covid-19 as of early July 2021 and trillions of dollars of damage inflicted on the global economy, it is hard to say this pandemic has proven anything but a crisis for most businesses.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Double-Click on analytics<\/h5>\n\n\n\n<p>Yet these data and analytics officers do see some positive enduring change in the way the pandemic has forced businesses to democratize data in ways they believe are overdue and will prove rewarding to companies going forward.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Viewed in EgonZehnder Pretty quickly into the emergence of last year\u2019s global pandemic,&nbsp; global management consulting and executive search firm EgonZehnder sensed some fairly seismic moves were underway in the direction of global business. They responded by doing what any exceptional management consulting firm would do; they sought out the facts related to these changes&#8230;. <a class=\"continue-reading-link\" href=\"https:\/\/www.theofficialboard.com\/best-articles\/2021-06\/data-in-difficult-times\/\">More<\/a><\/p>\n<a href=\"https:\/\/www.theofficialboard.com\/best-articles\/2021-06\/data-in-difficult-times\/\">Read more...<\/a>","protected":false},"author":1,"featured_media":1558,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[303],"tags":[130,131,271,161],"class_list":["post-1946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-2021-06","tag-analytics","tag-data","tag-digital-transformation","tag-egon-zehnder"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Data in Difficult Times - The Official Board\u2019s Reads<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theofficialboard.com\/best-articles\/2021-06\/data-in-difficult-times\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Data in Difficult Times - The Official Board\u2019s Reads\" \/>\n<meta property=\"og:description\" content=\"Viewed in EgonZehnder Pretty quickly into the emergence of last year\u2019s global pandemic,&nbsp; global management consulting and executive search firm EgonZehnder sensed some fairly seismic moves were underway in the direction of global business. 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