OPINION

How data analytics can boost your performance

Since the most recent economic downturn that adversely affected the tax base, government executives have seen their budgets slip.

Meanwhile, hiring approvals are delayed, and many federal agencies have to deal with the reality of doing more with fewer resources.

A significant change is required, but some questions remain:

  • How should large government agencies change their way of doing business?
  • How should contractors help agencies deliver impactful results at an optimal price point?

Government executives frequently focus on their strategy and prioritization of portfolio projects; however, this approach will only get an organization so far. For a long-lasting transformation, an agency must concurrently address its strategy and its “business behavior” – the collective attitudes and patterns that drive performance within an organization.

By driving transformation, business behavior has a direct effect on decision-making cycles, procurement, budgeting, expenditure, and it outperforms strategy alone every time. This is where contractors play a major role and offer innovative and thought-leadership ideas to help government executives with new approaches.

So, where do business behavior patterns come from, and what are some examples? 

The first step is to identify the best opportunities with highest impact for change or disruptive innovation. Every organization has accumulated substantial business data. To move forward, this historical data must be transformed into smart information – which means finding patterns on a massive scale and using them to provide deeper acumens, eliminating overlapping deliverables, reducing overheads and increasing output at an optimal price point.

Though the technical details of data analytics are of maximum concern to the technologists, they are of relatively little concern to senior executives in government and industry.

An executive charged with the creation of a strategic plan is little concerned with the inner workings of the data analytics solution used to inform his plan. Rather, he will have a business imperative that will need to be addressed, such as the number of steps/cycles/days to approve an invoice, or the number of man hours that it takes to approve a design review. The data analytics solution will merely be a tool that is used to help understand the data held by the organization. 

Another example is the criminal justice system. Today, offenders are placed in over-crowded prisons across the country, and the cost is just sky rocketing. Data analytics can potentially identify behavior patterns and identify several offenders’ population segments to shift low-level offenders into much less expensive electronic monitoring programs and reduce the cost while addressing over-crowded prisons.

It seems that the current one-size-fits-all approach in the criminal justice system should be re-evaluated to identify best opportunities for innovation.

Implementing a data analytics solution that is optimized for organizational requirements can seem daunting, but just as with any other aspect of business operations, the key lies in applying the right technical staff and methodologies to achieve the desired result.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close
SEARCH
contracts DB

Trending

  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Read More

  • Is SBA MIA on contractor fraud? Nick Wakeman

    Editor Nick Wakeman explores the puzzle of why SBA has been so silent on the latest contractor fraud scandal when it has been so quick to act in other cases. Read More

Webcasts

  • How Do You Support the Project Lifecycle?

    How do best-in-class project-based companies create and actively mature successful organizations? They find the right mix of people, processes and tools that enable them to effectively manage the project lifecycle. REGISTER for this webinar to hear how properly managing the cycle of capture, bid, accounting, execution, IPM and analysis will allow you to better manage your programs to stay on scope, schedule and budget. Learn More!

  • Sequestration, LPTA and the Top 100

    Join Washington Technology’s Editor-in-Chief Nick Wakeman as he analyzes the annual Top 100 list and reveals critical insights into how market trends have impacted its composition. You'll learn what movements of individual companies means and how the market overall is being impacted by the current budget environment, how the Top 100 rankings reflect the major trends in the market today and how the biggest companies in the market are adapting to today’s competitive environment. Learn More!