how to create corporate buy-in for powerful analytic solutions
TRANSCRIPT
How-To Create Corporate Buy-in for Powerful
Analytic Solutions
If you have an organization that is trying to develop more analytical maturity than it
has today, the answer to how you create buy-in may lie in the notion of a “prototype”.
Buy-in is important in getting true lift-off with any idea, but it is certainly true with
analytics because of how frequently many departments in an organization utilize
various levels of analytics.
There can be numerous obstacles to creating or sustaining buy-in for
analytics. Individuals may not want to share data or ideas. They may not find the
analysis to be valid; or, they may not find the analytics to represent the data well. The
analytics may have limited direct-impact for them or their department. Additionally,
individuals may be simply unwilling to accept automation.
Over time, our group has come to see that analytic-prototypes gaining the greatest
level of buy-in from organizations have 4 qualities.
Showcase Something Difficult to Solve
Most organizations have some aspect of what is considered a difficult problem to
solve. It is critical to pick a worthwhile problem to solve, but it shouldn’t be so
challenging that the probability of success is questionable. It is important to note that
if the problem you aim to solve is not substantial enough, then individuals within the
organization will most likely doubt the strength of the analytics capability you are
setting out to prove.
Key take-away: help other organizational users develop confidence in your analytic
capability by solving worthy problems
Generate a High ROI
Individuals will not simply hand over their trust. You should recognize that you will
have to earn it, and the truth is you should want to earn it. If you go after a reasonably
difficult problem to solve, but you are not able to communicate the value that your
solution brings, your analytics prototype may be seen as worthless. Business users are
not simply looking to be intellectually stimulated by what you present; they are an
action-oriented people group. If you can adequately demonstrate that your solution
has value and creates a high return-on-investment for them, the probability of
generating analytic buy-in is high.
Key take-away: you must be clear what the solutions means to the organization
Be Continuous In Your Improvement
Imagine I told you I had a reasonably difficult problem to solve for the company, that
it would generate an 107% ROI, but that it would take me 3 years to collect the data
before I could deliver any analysis. Most organizations in the modern world (even
small and mid-sized companies) operate at a much faster pace than they did just 5
years ago. You should aim for a quick success, and know your solution doesn’t have
to be perfect to gain buy-in and inspire individuals to take action. If the problem you
are attempting to solve will require a long time to simply collect the data, or the
analysis is so complex that you will not be able to see results for some time, then
choose something else in which to invest your analytic capabilities.
Key take-away: quick successful wins are more important than perfect wins that miss
the corporate window of opportunity; great solutions will be iterative
Connect Groups That Make Sense
It is easy for any of us to become so focused on solving a problem that we suffer from
tunnel vision. Being inclusive when it comes to connecting groups is critical. This
open-minded approach allows you to turn your efforts toward gaining as much
corporate buy-in as possible for your analytics capability. One such way of
accomplishing this is to understand relationships and associations between the groups
that you are solving for, and to determine if you can envelope their departments into
the solution. It will not be beneficial if you are the only one that feels that a particular
group of departments should be working together and sharing insights. Your group
connections should resonate with all departments in your suggested grouping. If all of
the departments recognize they should be a part of the solution you create, but each
does not experience positive results from your solution – or the solution really is only
meaningful to a small portion of stakeholders – you will limit buy-in.
Key take-away: find the relationships/associations of departments, however
uncommon, and provide the greatest possible value to all of them
Our Approach Works
In our company’s data science department, we are challenged with unique and
difficult problems in all aspects of healthcare organizations. In every case we have
created products using the above framework. We look for reasonably difficult
problems to solve with a high-ROI to our clients business, something that we can
quickly win and become the standard of excellence over time in, and something that is
rooted in multiple departments.
Great things in data science are built on a series of small things brought together. This
includes analytic buy-in
BIO: Damian Mingle is Chief Data Scientist for WPC Healthcare, a premier provider
of cloud-based operational, financial, and clinical analytic solutions. In this role,
Mingle manages a team of experts transforming data into meaningful strategic
insights and offering hospital systems, payers, and the HIT vendors descriptive-
through-prescriptive analytics. Prior to WPC Mingle held positions with companies
like Hospital Corporation of America (HCA), Coventry Healthcare, and Morgan
Stanley. He is ranked in the top 1% globally as a data scientist through regular
competitions.