Information Alchemy: adding value where it counts

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To fully leverage our value, info pros must look beyond information retrieval and organization to providing strategic analysis and insights Gulp! Mary Ellen Bates offers strategies and approaches to recognizing where the greatest needs for higher-end analysis are and creating high-value services and products that amaze your clients.

Transcript of Information Alchemy: adding value where it counts

Mary Ellen BatesBatesInfo.com

SLA 2014June 8, 2014

Information Alchemy

Tweeting this?@mebs

#SLA2014

Slide deck atBatesInfo.com/extras

Slideshare.net/maryellenbates

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ARE we adding value?

Do info pros add“a lot of value”?

Info pros:55% say yesExecs:34% say yes

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Info pros Execs

Execs’ top 5 info pain points

Info overloadFiltering through retrieved infoRelevancy of infoUp-to-date infoTimeliness of info

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We need insight, not just data

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ARE we adding value?

Biggest disconnects:Decision-ready informationRelationship mindsetCommunication of valueProactively ID info needs

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ft.com/sla

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What are your clients’ concerns?

Senior executivesReduce risk, better decisions

Knowledge workers/analystsBetter info, better answers

Sales staff, interns, “learning users”Quicker, better answers

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ASK for complaints

At end of projectsDid you get what you wanted?How easy was it to use?What would make it more useful?

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What’s the end result?

After every reference interview:What will this be used for?What would make this more decision-ready?How can this have more impact?

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Finding the data to mine

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Look for open data, visuals

National government datadata.gov, data.gc.ca, data.gov.uk ...

Royalty-free imagesusa.gov/Topics/Graphics.shtml

Global data sourcesEurostat, World Bank, UN, etc

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Google Public Data Explorer

Explore relationships130+ public data setsYou select the data you want chartedBYOData

google.com/publicdata

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BYOD: BUILD Your Own Data

Search set countsCount mentions of topic over time{topic} AND 2014{topic} AND 2013{topic} AND 2012

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BYOD: BUILD Your Own Data

Google Auto-CompleteWhat are lots of people thinking?Monitor your org’s reputationHow can you respond?

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Google Trends

Frequency of search queries over timeNarrow by country or local areaAlso news reference points

google.com/trends

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How would you answer this?

Show me how people’s use of the wordenergy changes over time

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“energy” searches 2014

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“energy” searches 2007

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2014 2007

duke energy energy drink

kinetic energy solar energy

xcel energy progress energy

solar energy energy star

energy drink wind energy

potential energy duke energy

renewable energy

Data-mining SEC docs

WordsAnalytics.com calculates FOGscore, sentiment of filing, risk,litigiousness

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Company’s sentiment scores

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2001 2003 2005 2007 2009 2011 2013

Positive SentimentNegative Sentiment

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Creating visibly valuableresults

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“We remember 10% of what wehear, 65% of what we readand 80% of what we see.”

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How much do we retain?

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Tell a story

Voluté winesCan be consumed in no-glass zones:

concerts, beachesRecyclable, eco-friendlyMore socially acceptable than

drinking wine from can

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Pull out what's noteworthy

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Create a time line

The history of turducken

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Which is easier to take in?

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or this?

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Some basic tricks

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PowerPoint

Customize the slide design, layoutView Slide MasterAdd a footerAdd a logo

Make the font larger, more readable

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PowerPoint

Insert shapes, lines, etc.Insert Shapes (or SmartArt)

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Excel

Create chartsRows are X axis; columns are Y axisHighlight data and series titlesInsert Column/Line/Bar/etc.

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Chart responsibly

K.I.S.S. – no 3-DWhat do you want to show?

Change over time: columns, linesRanking: columnsParts of a whole: columns, not pie

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Word

Tables of contentsUse heading format for each ToC entryReferences Table of Contents

Navigational hyperlinksUse Heading format for target locationInsert Hyperlink Place in this doc

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Be brave!

Try new stuff!

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Contact Mary Ellen at:

+1 303 772 7095mbates@batesinfo.comTwitter: @mebsLinkedin.com/in/maryellenbatesReluctant—entrepreneur.comBatesInfo.com

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