With faster access to their data, organizations can follow a data-driven approach to bring in business data and statistical rigor to identify the cause-and-effect relationship between the specific behaviors, competencies, skills and knowledge, and critical business outcomes (e.g. sales, profits, productivity, etc.).

The data used needs to be function- or workgroup-specific. For example, if “sales dollars” has been identified as a critical business outcome for the sales team, you will incorporate and statistically link the sales leader’s/rep’s 360 assessment data to the “sales dollars” outcome.

Using advanced analytics (e.g. structural equation modeling) as your methodology, you can identify which components of the 360 assessment (i.e. behaviors, knowledge, skills, and abilities) are key drivers of specific business outcomes for the various functions or workgroups being analyzed.

Specifically, the results of the analysis indicate the differential impact that each of the competencies evaluated using the assessment has on the key business outcome (i.e. how much improvements on each competency will contribute to improvements in the overall business outcome).

Discovering the competencies most responsible for business outcomes allows HR leaders to make data-driven decisions regarding where to invest developmental efforts and dollars and how to demonstrate a return on these investments on the back end.

Innovation has always been a key force in changing business and society. More and more, innovation is occurring as the result of aggregating and analyzing data to create new products and services. The Internet of Things (IoT) is evolving quickly from the arena of interesting gadgets to include tracking people to form new business models (think Uber) and to influence people’s behaviors.

A truly competitive enterprise needs a contemporary, on-call set of analytics that supports big data and everything else and is based on a streaming architecture. This is the era of visual analytics at the speed of thought. Performance improves and business outcomes accelerate.

You DO NOT have to bet the farm and the horses to get where you want to go with your data assets. We are a good match to be your analytics thought partner and trusted virtual team who delivers your data to your dashboards.

Our Austin, Texas location puts us at the epicenter of planning analytics and data-driven innovation and keeps our global capabilities and services at the forefront of our industry.

Email us at kcerny@mia-consulting.com or call us at 512.478.3848 to start a friendly, productive conversation.