Exploring Levels of Data Literacy
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The document discusses the critical role of data literacy in organizations, noting that while 90% of business leaders consider it essential, only a fraction of employees demonstrate true proficiency. It highlights the failures in big data projects, the importance of aligning data, business literacy, and emotional intelligence for successful outcomes, and suggests mandatory education to improve these skills. The text emphasizes the need for a holistic approach to developing data literacy that recognizes individual strengths and encourages collaboration across departments.
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Exploring Levels of Data Literacy
- 1. ©Analytic-translator.com Wendy D. Lynch PhD. Exploring Levels of Data Literacy What is needed, by whom?
- 2. Where is this interest in data abilities coming from?
- 3. Where is this interest in data abilities coming from? Data masters Data enabled Data Aware Data Laggards Data behaviors – people & process Data foundations – technology and tools 70% higher revenue per employee
- 4. Now, more than ever The analytics field will grow to almost $70B by 2030. Almost all (97.2%) of large organizations are investing in big data and AI. 1. https://www.economist.com/leaders/2017/05/06/the-worlds-most-valuable-resource-is-no-longer-oil-but-data 2. US Census. 2021. $67 B Companies will need 25% more analysts by 2030. Generating more data, faster than ever before.
- 5. How many projects make it? Promise of Big Data Successful Business Application
- 6. Too few, it seems Promise of Big Data Successful Business Application •85% of big data projects fail. https://designingforanalytics.com/resources/failure-rates-for-analytics-bi-iot-and-big-data-projects-85-yikes/ •87% of data science projects never make it into production •Only 20% of analytics insights deliver business value •Only 50% of business decisions are made using data
- 7. ©Analytic-translator.com 19% 47% 27% 8% 0% 10% 20% 30% 40% 50% 60% Frustrating-no context-one way OK-Some context- still one-way Good-get context- invite input. Awesome-A total collaboration How analytic teams describes interactions with business “They give me a request with little or no context.”
- 8. ©Analytic-translator.com 17% 50% 27% 7% 0% 10% 20% 30% 40% 50% 60% Frustrating. Not often Adequate. Sometimes Good. Quite often Awesome. Always. “They don’t give me what I need in a way I can understand….” How business teams describe interactions with analytics
- 9. Employee population Capabilities Read/recognize Understand Convince with Explain complex analytics Teach/perform analysis Proficiency With Data Population Ninety percent of business leaders believe data literacy will be critical to their success. 1. https://hbr.org/2021/08/how-data-literate-is-your-company So, it’s not surprising Data Literacy
- 10. How literate? The least literate teams were identified as Human Resources and Sales
- 11. Employee population Capabilities Read/recognize Understand Convince with Explain complex analytics Teach/perform analysis Proficiency With Data Population 75 percent of business leaders believe most or all of their workers are data literate 1. https://hbr.org/2021/08/how-data-literate-is-your-company Data Literacy Who is literate now? BUT only 50% of middle managers
- 12. Employee population Capabilities Read/recognize Understand Convince with Explain complex analytics Teach/perform analysis Proficiency With Data Population 25 percent of employees are confident in their data skills. 1. https://hbr.org/2021/08/how-data-literate-is-your-company Who is actually literate now? Some studies report as few as 8% are highly skilled.
- 13. Employee population Capabilities Proficiency With Data Population And what can we expect ? 29% of US adults cannot interpret a simple graph 19% of US adults have severe math anxiety 62% of US adults operate a very base math level Detectible on fMRI as pain and fear. There are some limits to the number of people who will become highly data literate.
- 14. Weight loss is easy!!
- 17. Employee population Capabilities Proficiency With Data Population How do we improve data literacy? Mandatory education on basics of data integrity, reliability, manipulation and elementary statistics An admirable goal. Is it realistic?
- 18. Next concept: Strategic Alignment (a.k.a. Business Literacy) People and processes are aligned in their purpose and goals. Proficiency With Business Strategy Companies whose people are aligned on strategy grow revenue 58% faster and are 72% more profitable
- 19. Capabilities Employee population Do my job Connect my job to KPIs Tie decisions to strategy Create strategy Can communicate strategy Strategic Alignment Strategic Alignment 52% of executives have confidence that most employees can explain company strategy Leaders think strategy is clear 20% of executives have HIGH confidence a.k.a.Business Literacy
- 20. Capabilities Employee population Do my job Connect my job to KPIs Tie activities to strategy Create strategy Can communicate strategy Strategic Alignment Strategic Alignment How many understand strategy? Only 29.3 percent correctly identified business strategy From a multiple-choice list According to a study by PWC, 93% of employees could not articulate their company’s strategy lodestarsolutions.com/PwC’s Strategy&, 2017/https://sloanreview.mit.edu/article/no-one-knows-your-strategy-not-even-your-top-leaders/ Only 13% of frontline managers could name their company’s top three priorities
- 21. Strategic alignment between business and technology explains 80% of the difference between company performance Business and technology executives differ on whether data strategy is aligned with organizational vision
- 22. Strategic Alignment is easy! Get everyone aligned. Because I said so.
- 23. Capabilities Employee population Do my job Connect my job to KPIs Tie activities to strategy Create strategy Can communicate strategy Strategic Alignment How do we increase business literacy? Mandatory education on strategic priorities, consistent messaging & aligned KPIs
- 24. Next concept: Emotional/Social Awareness (a.k.a. People literacy) Proficiency With Business Strategy 80% of long-term job success depends on EQ, while only 20% on IQ Managers with high EQ had teams that averaged 15-20% higher revenue 52% of HR leaders say they will be hiring managers based on their emotional intelligence
- 25. Employee population Capabilities Self aware Recognize Social skills Guide others Emotional and Social awareness and ability Population Empathize What is it? People Literacy https://www.forbes.com/sites/servicenow/2022/09/14/digital-transformation-is-80-eq-and-20-iq/
- 26. The EYES test 36 sets of eyes. Identify emotion that is expressed. Indicates empathy. Average score is 23. People majoring in science and business have significantly lower empathy than people in social sciences. https://journals.sagepub.com/doi/abs/10.1177/1069072709334233
- 27. Self aware Recognize Social skills Guide others Emotional and Social awareness and ability Population Empathize 95 percent of people think they’re self- aware, but only 10 to 15 percent actually are Only 36% of people are able to recognize and identify emotions. How many have people literacy?
- 28. Employee population Capabilities Self aware Recognize Social skills Guide others Emotional and Social awareness and ability Population Empathize Why it’s especially important for data efforts 90% of companies intend to accelerate digital transformation. People Literacy It’s people issues that make or break it https://www.forbes.com/sites/servicenow/2022/09/14/digital-transformation-is-80-eq-and-20-iq/ 70% of transformation projects fall short.
- 29. How do we increase people literacy? Employee population Emotional and Social awareness and ability Population Mandatory education to improve awareness (self and other) Along with coaching and feedback
- 31. How would you rate your data literacy Record your own answer I’m allergic to data and math 1 2 3 4 5 I know what statistical tests should be applied to answer a question I choose and perform advanced modeling techniques in my job I am comfortable explaining what basic analytic results mean I can read charts and understand them
- 32. How would you rate your business literacy: Record your own answer I just do my job I know how our company is performing on all its key metrics 1 2 3 4 5 I can give a comprehensive explanation of business strategy for my company I develop corporate strategy and create the metrics that measure it, and communicate it I know how my work ties into company goals
- 33. How would you rate your people literacy: Record your own answer Emotions just get in the way of getting things done I empathize with others and am comfortable handling and acknowledging negative emotion 1 2 3 4 5 I can accurately identify my own and others’ feelings I teach others how to recognize and handle emotional issues and situations I can’t always tell what others are feeling
- 34. Very few have high expertise in more than one area More than half say they score a 3 or higher in multiple areas. VERY few, if any, say they score a 5 in multiple areas. PhD Masters 1% 0.15% one two one two Bachelors 9% one Double major 3% 10% 36%
- 35. Employee population Capabilities Literacy People What we want: High Literacy
- 36. Literacy People What we have DATA PEOPLE BUSINESS
- 37. Different efforts People Literacy Business Literacy Data Literacy Owned by different groups
- 38. D P B Employee population We all have different strengths
- 39. D P B Employee population We all have different strengths ….and weaknesses
- 40. D P B Employee population We all have different strengths ….and weaknesses
- 41. Employee population We all have different strengths I’m an analytics expert I’m a business expert I’m a translator ….for some that is translation
- 42. D P B Employee population We all have different strengths ….and interests
- 43. Employee population We all have different strengths ….for some it is tech-savvy end-users I love teaching analytics I love process and collaboration I want to learn new skills
- 44. D P B Employee population Collectively, we have many strengths ….that we can leverage
- 45. D P B Employee population Collectively, we have many strengths ….that we can leverage Making aligned decisions (with evidence and empathy)
- 46. 1. Data literacy is a solitary solution 2. By itself, data literacy will make decisions data-driven 3. Everyone can/must become highly literate 4. We want non-experts to become more expert 5. Creates a superior-inferior dynamic Maybe it belongs in a broader, integrated context There are strategic and social requirements Realistically, people have varying strengths Maybe there are combo-roles (translators, tech-savvy. citizen developers) Recognize strengths, fortify weaknesses If we think about data literacy …….. Separately vs. Within Context
- 47. To consider: • Can your data literacy efforts be put in context? • Which departments/professions might collaborate? • How does a holistic perspective shift your approach? • What combination roles might be useful? If your company has been incorporating or integrating data literacy into other areas, please reach out to me. [email protected]
- 49. ©Analytic-translator.com Wendy D. Lynch Clydette de Groot