Dec 1, 2016
Precision Sourcing recently hosted their fourth Women In Data event at the beautiful new offices of KPMG in Sydney’s Bangaroo.
Women In Data were lucky enough to have the talented Peter Inge from Caltex as keynote speaker. Peter gave over 90 people a comprehensive and inspiring overview of how he personally built a high-performance data science team within Caltex.
One of the key parts of Peter’s presentation was the importance of the Insights Value Chain (IVC). We were able to understand how any organisation that really wants to leverage off the advantages data can give must consistently refer to the IVC checklist throughout the journey. By doing so the degree of success and traction for the business can be great.
So what is the IVC value checklist?
- Does my Data Science Project meets the current or evolving needs & wants of the Customer?
- Is my Data Science Project strategically important to the organisation? Is my project supported/sponsored by the Senior Executive?
- Who in the business owns and is accountable for execution of the insights and strategies that my Data Science Project will generate?
- Are the insights I’m generating going to be leveraged to support critical decisions?
- Can the business operationally execute the recommendations our analysis and insights are suggesting?
- Can I measure the performance of the recommendations reliably & sustainably?
- Can the business readily access the data and insights to support the decisions they need to make?
- Can IT support the data sets and models that the Data Science Team will create?
See Peter Inge’s presentation slides HERE
