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June 13, 2018 Steve Mersky

Bingeing on Data: The Cure for FOMO

By Dan Sandler

There are a bevy of enticing shows to stream in today’s world, and a lot of ways to stream them. Every now and then, you sometimes hear about a show worth checking out and you binge. A few hours later, and your FOMO is gone. It happens.

Sometimes when I indulge my new love of bingeing on shows, I ponder how the rest of society has seemingly conquered its own FOMO when it comes to data & analytics. In other words, just about every aspect of society is bingeing on data, as evidenced by Hawkins Point’s recent Disruptive Technology Leadership Forum. Whereas bingeing on shows might not be the most noblest pursuits, bingeing on data is usually time well spent. And nowadays, it doesn’t take much to binge on data.

Making the Most of Your Data Binge

For data rookies that have started to binge, welcome aboard and I hope you stick with it. Here are a few rules of the road to help you binge like champs:
1. Binge with purpose. Start with the questions that challenge you and your business colleagues. Then, determine the data required to answer the question. Lastly, bring together the capabilities and technology that can deliver results.
2. Binge with confidence. Trust and quality in your data is more important than ever. So while curating and stewarding trustworthy data is never as fun as bingeing, ingesting suspect data is counterproductive. No shortcuts!
3. Binge with FOMO. We all get a little FOMO now and then. If you aren’t bingeing on your data to the fullest extent, you are definitely missing out!
4. Binge with limits. If you spend too much time bingeing on data that doesn’t produce business results, then your FOMO radar should kick in and you should binge on other data! In other words, fail fast.
5. Binge in high-def. Modern data visualization is like 4k. It makes a good story compelling, and well worth watching.
6. Binge with passion. Try not to overthink or over-engineer while bingeing on your data. Data bingeing should be fun, like a putting together the pieces of a giant puzzle. If you’re not enjoying yourself, then revisit the aforementioned rules.

There is a lot of data out there, especially related to our businesses and the accompanying online assets. It’s practicing these six tips that will help you turn data from noise or a source of overwhelm to a resource that leads to results. If you found these 6 rules helpful, you should also check out our data analytics service page.  Also click here for an interesting take on Analytics FOMO. 

By Dan Sandler

Filed Under: Business Development, Data | Analytics

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