Course for the Future: BSTRAT-101 - Data, Metrics, Reporting and Analytics
I am envisioning a course that will provide a foundational understanding of these four areas: data, metrics, reporting, and analytics. While only a limited number of the students of such a course are likely to hold future roles specific to one of these areas or practice, all business leaders will be increasingly dependent on them in the future.
A more comprehensive, structured knowledge set in these areas would enable future leaders to be better consumers of information, increasing their ability to make better decisions and develop better strategies.
• What do you need to know about data? How does it come to be? How is it stored and accessed? How do know manage data quality issues?
• What is a metric? How is one designed? How do you know if the metric drives the right outcomes?
• What makes an effective report? What are strategic, tactical, and operational reporting?
• How can analytics be structured to get the answers you need? What are the outer bounds of simple to complex analytics?
• What are the skill sets needed to do each of the above successfully?
• How can information be leveraged to drive business value?
The information explosion is here, and success will be increasingly dependent on the organization's ability to draw value from the information. Establishing a shared, foundational knowledge set will allow the conversation between the data heads and senior leadership to be more effective, ultimately delivering greater value.
I have done some searching online and there didn't appear to be much in the way of coursework on this topic. What have you seen in the areas of courses and/or corporate training in this space?
Nicholas
I am new to HR Technology, and, to be honest, it is new to our organization. However, I fully agree with your thought pattern and certainly see that this is a skill-set we lack in the HR organization, and will be critical to demonstrating 'value' from our technology investment and the wealth of data we will soon have.
I'll be interested to see what responses you get.
Joanna