Do Not Create That New Report!

Author(s): Deepak Chopra | Talking Data Science

Originally published on Towards AI.

Embracing a focused reporting approach in the data-driven era to overcome the pitfalls of excessive reporting and enable efficient and effective decision-making.
Photo by Fey Marin on Unsplash

In the contemporary business landscape, data-driven decision-making is no longer a luxury but a necessity. However, the surge in data availability has led to an unintended consequence — the phenomenon known as “death by reporting.” This term refers to the overwhelming state induced by the sheer volume of reports and data, which, instead of enlightening, often confuses and hampers decision-making. This essay delves into the pitfalls of excessive reporting and advocates for a more streamlined, focused approach to data analysis.

The digital era has ushered in a time of data abundance. Every transaction, every customer interaction, and every operational process generates data. This data, if harnessed correctly, has the potential to offer valuable insights that can drive business growth and efficiency. However, the key to leveraging this data does not lie in the quantity of reports generated, but in the quality and relevance of the insights derived.

It’s safe to say that contemporary decision-makers have a significantly larger number of reports to peruse compared to their predecessors.

In most organizations, a lack of reports is seldom an issue. In fact, the problem often lies in the overabundance of available reports.

— Based on my experience, this phenomenon is caused… Read the full blog for free on Medium.

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Published via Towards AI