The Future belongs to the Data Driven Organization

We are data driven. As leaders, we need the right data to make effective decisions. But most of the data that is provided to us only shows what happened. We are making decisions based by staring in a rear-view mirror.

But what if we could forecast the future? What if the data we have collected can be leveraged to provide us scenarios that will provide us a glimpse into the impact our decisions would have on the future of our organizations.

Most of the assumptions we make are based on an incomplete picture.

As we have said in past conversations, CEOs are paid to navigate risk and opportunity. How do I understand all the variables in my future decision making? Do I put my finger in the air and make a choice anyway?!

There are many tools that can help you organize and understand the risk models in your plan. 80-90% of the variables in your decision making can be captured. You can use computing power to go through them, check on the integrity of the numbers, sensitivities, scenario waterfalls that go beyond the numbers. The goal is to understand what the data is telling you before the future happens.

Most C-Level executives have people who run the numbers and the variables. They are often called analysts. They create the frameworks or models for the executives who don’t want to see the data engine and tool, (the single source of truth) but see the data take shape so a decision can be made.

The model architecture can than display functional context so executives can see how the data uniquely applies to them, and they can change data that is unique to them. But each contextualized input than impacts the whole picture. Executive teams who have this ability have the opportunity to see a clearer picture of how the sum of the parts impacts the whole.

In this conversation we go through this and then I ask the data strategist to apply the concept to the Chief Security Officer who is attempting to embed themselves in the contextualized risk and opportunity of the C-Suite. We have a great conversation about a big idea. Can we turn this technology approach into a qualitative tool to manage risk, resilience, security, and the opportunities that can be leveraged from a wholistic view of risk.

Gianluca Bisceglie is the Founder & CEO at Visyond Technologist. He also is a strategist, private equity executive, and entrepreneur with broad international experience across both mature and emerging markets.

Visyond is a cloud-native enterprise SaaS company that transforms spreadsheets into decision-making platforms to drive performance.

Prior to founding Visyond, he worked in Private Equity in the Middle East and in Russia, responsible for the identification, screening, due diligence, and execution of investment opportunities in various industries.

He is a regular guest speaker and a mentor at various universities and accelerators.

Gianluca holds an MBA with Distinction from London Business School and an MEng in Electronics Engineering from the Polytechnic of Turin (Italy).