{"id":34807,"date":"2023-11-21T17:11:28","date_gmt":"2023-11-21T17:11:28","guid":{"rendered":"https:\/\/digileaders.com\/?p=34807"},"modified":"2023-11-30T15:58:16","modified_gmt":"2023-11-30T15:58:16","slug":"supercharge-data-momentum","status":"publish","type":"post","link":"https:\/\/digileaders.com\/supercharge-data-momentum\/","title":{"rendered":"Supercharge data momentum"},"content":{"rendered":"

When was the last time you learned something new? I mean really learned something new? Still thinking? I\u2019ll go first.<\/p>\n

Two months ago, I did something that both exhilarated and terrified me by signing up and attending a half-day financial training workshop called, \u201cUnderstanding Financial Statements for the Non-Financial Executive.\u201d A workshop all about understanding core finance and accounting concepts, learning how to read financial statements, and being able to pinpoint financial statement nuances among different industries\/verticals.<\/p>\n

As a total right-brainer \u2014 and someone who sees the world through a sea of words, idioms, grammar, and stories \u2014 this was intimidating work for me. But I\u2019ve long believed that as leaders we need to get ahead of things that scare and excite us and commit to owning our accelerated understanding in that focus area\u2026 versus waiting for someone to ask us to take action in that area and then feeling like it\u2019s a race to catch up.<\/p>\n

Now I\u2019ll be honest. The course was hard! I mean really hard! It no doubt brought me back to my high school math days, along with those dreaded teenage feelings that I might never learn how to crack calculus.<\/p>\n

But it was also incredibly empowering and motivating to remember that we are always one decision away from shifting our understanding from \u201cnot knowing\u201d to \u201cfoundational\u201d to dare I say eventually \u201cstrategic\u201d in terms of our comprehension and application!<\/p>\n

The business world continually throws pressure at us as leaders to understand and to shift from foundational to strategic, particularly when it comes to megatrends, macro shifts, and emerging technologies. Just consider the pace of adoption when it comes to innovation as a reminder of how important it is for us to keep up. What is nascent and disruptive one day \u2014 think cloud, VoIP, AI, IoT \u2014 becomes ubiquitous and even commonplace seemingly days later. The risk of falling behind has never been greater, as the window to be among the Early Adopters is ever-shrinking, while the consequence of falling into the late laggard group has never been so steep.<\/p>\n

This pressure to keep up is perhaps no more felt than when we consider the impact of data and advanced analytics in business. Let\u2019s dive in a bit further.<\/p>\n

 <\/p>\n

The race to keep up<\/h3>\n

It seems like only years ago that terms like \u201cbig data,\u201d \u201cartificial intelligence,\u201d and \u201cdata science\u201d were first becoming prevalent\u2026 often conjuring up images of overwhelming Excel spreadsheets, robots, and mathematicians running algorithms at cubicles.<\/p>\n

But today, you\u2019d be hard-pressed to find any leader who isn\u2019t thinking about things like\u2026<\/p>\n