creating a culture of data-driven decisions

59
Creating a Culture of Data- Driven Decisions Jacob Ensign JMH Consulting, Inc. This presentation (and other con-ed resources) available online at www.jmhconsulting.com/resources

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Creating a Culture of Data-Driven Decisions. Jacob Ensign JMH Consulting, Inc. This presentation (and other con- ed resources) available online at www.jmhconsulting.com/resources. Does your team reference reports before making decisions?. - PowerPoint PPT Presentation

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Page 1: Creating a Culture of Data-Driven Decisions

Creating a Culture of Data-Driven Decisions

Jacob EnsignJMH Consulting, Inc.

This presentation (and other con-ed resources) available online at

www.jmhconsulting.com/resources

Page 2: Creating a Culture of Data-Driven Decisions

DOES YOUR TEAM REFERENCE REPORTS BEFORE MAKING DECISIONS?

Page 3: Creating a Culture of Data-Driven Decisions

DOES YOUR TEAM EMPLOY DASHBOARDS TO MONITOR KPIS OR PROGRAM HEALTH?

Page 4: Creating a Culture of Data-Driven Decisions

DOES YOUR TEAM HAVE AT LEAST ONE DATA CHAMPION?

Page 5: Creating a Culture of Data-Driven Decisions

Data-driven decisions

Page 6: Creating a Culture of Data-Driven Decisions

What’s business intelligence?

Page 7: Creating a Culture of Data-Driven Decisions

A data-driven culture is about process

Page 8: Creating a Culture of Data-Driven Decisions

A data-driven culture is not this guy.

Page 9: Creating a Culture of Data-Driven Decisions

Principl

es of

DDD

Intro to

CERA

Real-World Projects

Smarter

Mailing List

Page 10: Creating a Culture of Data-Driven Decisions

First Principle

Page 11: Creating a Culture of Data-Driven Decisions

The whole crew needs to be on board

Page 12: Creating a Culture of Data-Driven Decisions

What’s in that box?

Page 13: Creating a Culture of Data-Driven Decisions

Gut decisions are comfortable.

Page 14: Creating a Culture of Data-Driven Decisions

Will data-based decisions replace good judgment?

Page 15: Creating a Culture of Data-Driven Decisions

Collecting data

and analyzing data

More

work

Page 16: Creating a Culture of Data-Driven Decisions

Culture of DDD

More accountability

Makes me wanna scream!

Page 17: Creating a Culture of Data-Driven Decisions

Successful data-driven organizations find

ways to help people feel empowered by

data, not hampered by it.

— JMH Consulting principle

Page 18: Creating a Culture of Data-Driven Decisions

Scoring a touchdown

often happens 10

yards (or less) at a

time.

Page 19: Creating a Culture of Data-Driven Decisions

“What data would help you make better decisions in your role?”

“What decisions do you frequently make based on gut instinct rather than data?”

Page 20: Creating a Culture of Data-Driven Decisions

No projects

A couple of projects

Plenty of projects

Too many projects

Robotic beings rule the world

Page 21: Creating a Culture of Data-Driven Decisions

Who is your data champion?

Page 22: Creating a Culture of Data-Driven Decisions

Don’t be afraid!

Page 23: Creating a Culture of Data-Driven Decisions

Second Principle

Page 24: Creating a Culture of Data-Driven Decisions

The data is out there.

Harness it.

Page 25: Creating a Culture of Data-Driven Decisions

What Did Google Do?

Page 26: Creating a Culture of Data-Driven Decisions

What Did Google Do?

Page 27: Creating a Culture of Data-Driven Decisions

What Did Google Do?

Page 28: Creating a Culture of Data-Driven Decisions

So, you have a website?

Page 29: Creating a Culture of Data-Driven Decisions

Do you email market?Exact Target Email Marketing

Page 30: Creating a Culture of Data-Driven Decisions

ROI for PPC

Page 31: Creating a Culture of Data-Driven Decisions

Registration systems

Page 32: Creating a Culture of Data-Driven Decisions

Website traffic

Page 33: Creating a Culture of Data-Driven Decisions

Website Traffic Mashup

Page 34: Creating a Culture of Data-Driven Decisions

Others?•Evaluations

•Research studies

•Census data

•Surveys & polls

•Social networks

•Discussion boards

•Industry leaders

•The news

•Google Trends

•Online review services

•Consultants

•Peer institutions

Page 35: Creating a Culture of Data-Driven Decisions

Third Principle

Page 36: Creating a Culture of Data-Driven Decisions

Statistics are great!

Just get out any calculator: basics

will do

Page 37: Creating a Culture of Data-Driven Decisions

Amazon

Page 38: Creating a Culture of Data-Driven Decisions

Email marketing statistics

Sent

•100%•36,000

Delivered

•80%•28,800

Opened

•22%•7,920

Clicked•10%•3,600

Page 39: Creating a Culture of Data-Driven Decisions
Page 40: Creating a Culture of Data-Driven Decisions

2122

Website Traffic Faceoff

Better Business Writing Grammar for Professionals

Unique Pageview

s

Online Regs8 3

Page 41: Creating a Culture of Data-Driven Decisions

What’s the big difference?

Page 42: Creating a Culture of Data-Driven Decisions

Search engine rankings

Web

ranking

tool

Statistics 101

… a pretty

cool trick

Page 43: Creating a Culture of Data-Driven Decisions

… or about $50,000 per program

1.

2.

3.

One rank correlates to …

SEVEN seats per program

Page 44: Creating a Culture of Data-Driven Decisions

The ominous brochure

Smarter (Direct) Mailing List

Page 45: Creating a Culture of Data-Driven Decisions
Page 46: Creating a Culture of Data-Driven Decisions

Who should receive a catalog?

Live within 10 miles

of campus

4-year degree

$75K+ household income

Likely candidate! Or are

they?

Page 47: Creating a Culture of Data-Driven Decisions

$59

$0

$59$41

$74$83

$53$54

$0 $0 $0 $0

$161

$0 $0

$78

$130$139

Fit catalog

Zip codes

$84$106

$50

$15

$107$99

$30

$73

$280

$326

$180

$265

$53

$197

$102

$47$43

$68

Fat catalog

Zip codes

Jacob Ensign
change titles to "Fat catalogs" / "Lean catalogs"
Page 48: Creating a Culture of Data-Driven Decisions
Page 49: Creating a Culture of Data-Driven Decisions

577%618%546%764%

416%

1042%

165%

-100%

1715%

849%

179%

2138%

-70%

921%

-100%

3517%

ROI diversity in one zip code

Page 50: Creating a Culture of Data-Driven Decisions

Smart

mailing

list componen

ts

Page 51: Creating a Culture of Data-Driven Decisions

4+ years ago

3–4 years ago

2–3 years ago

1–2 years ago

0–1 years ago

Probability customer will come back for a class

Customer last took a class when?

Page 52: Creating a Culture of Data-Driven Decisions

Where do catalogs go when they

die?

Page 53: Creating a Culture of Data-Driven Decisions

You are like your neighbor

Page 54: Creating a Culture of Data-Driven Decisions

• Customers in your

database

• Likely prospects

from a purchased

list

• People similar to

your best

customers

Page 55: Creating a Culture of Data-Driven Decisions

Continuing Education Retention Analytics

A teaser

Page 56: Creating a Culture of Data-Driven Decisions

On Retention

Page 57: Creating a Culture of Data-Driven Decisions

Registration Correlations

Page 58: Creating a Culture of Data-Driven Decisions

CERAs

Land Exit

Bounce

Page 59: Creating a Culture of Data-Driven Decisions

Thank you!

Questions?

This presentation (and other con-ed resources) available online at

www.jmhconsulting.com/resources