Analytics is becoming a competitive necessity for many managers. Even if it's not part of your job description, there's a good chance you at least need to understand the basics. Here's how to get started:
- Get educated. Enroll in an executive education class, read books and articles, or take an online course to learn the fundamentals.
- Form relationships with your team's quants. Show them that you value their skills and expertise. Help them understand the business so they can help you make the best decisions
- Establish open communication. Ask your quants lots of questions to make sure you know the estimates and assumptions in your data. Don't be afraid to admit what you don't know.
- Respect the data. Figure out the key metrics you need, then run experiments to test them. Data – not instincts or opinions – should drive your decision making.
Adapted from
“How to Work Confidently with Numbers People,” by Rebecca Knight.
Posts
No comments:
Post a Comment