Question

An organization that achieves an “analytical culture” typically focuses on high-level data insights rather than getting “bogged down” in granular details.

1: True

2: False

Answer 1

Ans) False

Analytical Culture is much more than just analysing data and deriving insights from it. Analytical culture is adopted by many organisations for their better performance by knowing in detail the root cause of their lag.

Analytical culture has three key elements:

1) Using analytics, the behaviour of the firm is underpinned, using it in the most effective manner for problem solving.

2)Analysing by going into the granular details, weighing both positives and negatives and deriving distinct patterns from the data.

3) Findings through the analysis are actually considered, carefully evaluated and applied.

Therefore, achieving analytical culture is also about the granular details of the requirements of the firm and the data, apart from just deriving detailed insights from the data.