In the panel:
Carmen Casagranda, CIO, Cigna
David Bowie, Managing Director, SAS
Claire Govier, Head of Transformation, Strategy and Architecture, Kiwibank
David Habershon, CIO, Ministry of Social Development
What does it mean to be an insight driven organisation?
It means decisions are based on evidence, and in the past that has not been entirely possible. Ministers and decision makers across government in New Zealand are looking for evidence that drives better outcomes.
We have plans in place to invest in analytics focused initiatives, which will turn our data into valuable information for frontline staff to use when they are working with clients. These initiatives will also look at how we can better use cross-agency data to form an integrated person or family view and provide wrap-around services.More large firms will compete using advanced analytics and proprietary algorithms by 2018
Cigna sees itself as a technology company selling insurance and recognises the importance of IT to enable this. Cigna chose to take IT out of the operations department and put it on the executive table. IT is not a back-office function anymore, it is an enabler. There isn’t anything an organisation can do without technology or data. That has given analytics the priority it needs from Cigna.
It is through a combination of stakeholder management and constant showing and telling that enables people to move beyond what you’re discussing and tangibly visualise it.
We run a contact centre and a lot of reporting within the contact centre is driven out of the data warehouse, which in many cases provides data that is a day old. Demand for insight is driven by working with the people that are actually making the sales, showing them how important it is to have the information at the right time. This translates into better sales and makes for an easier conversation around analytics at the executive table.
We are freeing up the data so that people that actually need it make real-time decisions.
We are constantly talking about what we are doing across all levels of the organisation, right through to board level. Being insight driven means we are aiming to have real time sales management, for example in managing our campaigns. If you have the right information at the right time, you will immediately be able to see how these are performing. Sharing information with other teams can influence the bottom line.
Part of our journey at Kiwibank around becoming an insight driven organisation is examining the data, and asking which data matters, and what the facts are actually telling us.
Organisations are now moving from reporting to real facts and data in a much shorter timeframe. So what it means for us – across different levels – is to really drive the quality of the decision-making but also as a community, keeping up with that demand from the various decision makers.
How do we constantly innovate, and how do we constantly reinvent how we are presenting data and options?
David Bowie, SAS:Read more: Westpac CIO Dawie Olivier on 'The killer app for today’s ICT teams'
Organisations that are insight driven are those that recognise data is an enabler of strategy. Great analytics is not about the answers you get, it’s the questions you ask. Empowering people to own the data and the tools and capabilities to ask the right questions is important to drive the business forward. That stems from creating an insight driven culture and giving people across the organisation the level of insight they need to do make smarter business decisions.
A few years ago analytics was a back office function, it was to give answers to the business. Now it is increasingly coming forward to the business and making it easy to use through approachable analytics. Approachable analytics is the key to getting more people using analytics in the organisation. It is about making it accessible to a broadening base. This requires organisations to have the agility of a start-up but the resilience of a blue chip company.
It is important to keep in mind that an insight driven organisation is not just about the analytics technology but equally about people, talent and leadership. You need a culture of insights that allows people to ask the right questions of the data they have, and then make decisions based on the insights generated. Having insights is the first step. Doing what it takes to turn insights to action is the key.
The ethical dimension is important…We should be aware of this as analytical tools become more powerful and insightful.
What kinds of data initiatives are you driving in your organisation?
David Habershon, MSD:
A couple of years ago, we launched a massive programme called Welfare Reform, which completely changed the welfare system in New Zealand. Alongside that was an investment approach where we pioneered new techniques for looking at which people are in most need and needing more intervention.
It was very interesting to hear about the insight and evidence that will aid in the professional ability and judgement for people on the ground.
At the Ministry we were concerned about long-term welfare dependency. We need to assess in real-time the best chance of success for people and decide everything before the person comes to our door. What the data and insight does allow you to do is understand where your best areas are to put in resources. Moving ahead, the next thing is to concentrate on real-time decision making.
So from a more traditional approach of seeing what happens from large pieces of data, we are moving quite rapidly into real-time analytics, where the machine will help make a decision in real time, or the machine will make a decision by itself.Read more: The CIO's secret to great conversations
Providing we have fail-safes in place, you can make far more efficient use of your resources this way.
Data is debunking myths all the time. Governments traditionally work in silos. Child protection area does not know what is happening within the health or education system. But when you bring that data together in a research type context, we make it available and help more agencies make better decisions about where to focus resources.
But there are also complex privacy concerns, and we need to be careful about using evidence.
We are on the threshold of harnessing the power of analytics. But there is an important dimension – the ethical dimension. Just because you can do something doesn’t mean you should.
We should be aware of this as analytical tools become more powerful and insightful.
Approachable analytics is about making it accessible to a broadening base. This requires organisations to have the agility of a start-up but the resilience of a blue chip company.
Carmen Casagranda, Cigna:
Like any technology process, we have been going through a maturity model. In that model we are going from hindsight driven reporting to move into insight driven analytics.
We built a business intelligence team to address this. We had reporting decentralised across the organisation so we had lots of great work happening in different departments. This led to an age old argument of which data is the right data, and we had conversations around where the data is coming from and where the insights are being driven.
We centralised that under one team and brought in a professional BI manager to help pull the team together. We have people around the organisations building that team up. We have been pushing ahead with real-time analytics.
We are making sure we are freeing up the data so that people that actually need it make real-time decisions. We are giving that information to the right areas of the organisation so we can turn information into insights to make strategic decisions based on the quality and integrity of our data.Read more: StepUp: Xero and BizDojo launch mentoring programme for startups
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