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If you would like to explore key features of the Pitstop Analytics platform, this short article and video is for you.
The coaches and consultants at Growth Pitstops™ are happiest when they are talking about what matters most to our clients – that is their business needs and priorities.
Also, the opportunities and challenges they face in this complex and fast changing market environment. It's natural that we would focus here. This is, after all, the reason “why” clients use our solutions. However, in this short video I'm going to take a slightly different approach – focusing on the “how” rather than the “why” of Pitstop Analytics™.
In describing Pitstop Analytics™ from a data analytics standpoint, we use words such as:
- Meta analysis
- Powerful Algorithm and, of course…
- Big data Visualization.
I will work through these one at a time, but you can use the video bar to jump between them if you like.
The data required by leaders today is dramatically different from 2010 or even 2020. So too is how it is gathered and analyzed. However, despite so much talk about Big Data, most of the tools available to business leaders examine only a limited set of variables, A multi-variate analysis is required to solve today's complex problems.
Multi-variate is a big word, but it is really just another way of saying more variables, or in the case of Pitstop Analytics™, 3 to 5 times more variables compared to traditional assessments or surveys.
As a multi-variate analysis, Pitstop Analytics™ analyzes the whole, rather than just the parts, to create a big picture or holistic view.
It doesn't just look at issues, such as; leadership, engagement, productivity, or culture in isolation, but sees these as interconnected and interdependent.
Pitstop Analytics™ engages with complexity through the application of systems thinking or systems dynamics. It looks beyond simple linear causation – such as A caused B, to a scenario where: A impacts on B, which is also affected by C, D, E, and so on.
Staying with the term “multi-variate”, Pitstop Analytics™ is cross-functional. It doesn't just appeal to HR for example, but to leaders of all the functions. It addresses the needs of those devising the strategy, as well as those charged with execution.
It also appeals to the needs of those running critical projects and those running important teams.
Because no one discipline has all the answers, our analytics is also multi-disciplinary.
It integrates the latest research in leadership, strategy, teaming, and so on.
Meta analysis is another big word, let's explore its relevance to Pitstop Analytics™ next:
Pitstop Analytics™ is a meta analysis because it sits above other analyses (again it illuminates the whole rather than the parts).
You could think of this as the difference between an X-Ray and a CT Scan.
A meta-analysis pulls together the results of many independent studies to find the consistent teams and patterns. Pitstop Analytics™ does the same. It looks for patterns across projects, initiatives leaders, stakeholders and teams.
Pitstop Analytics™ is meta in another way too. It holds a mirror up to the organization.
So, in addition to illuminating a business priority, project, strategy or team), it also reveals how leaders, stakeholders and others think and even talk about it.
Have you ever noticed how people's eyes glaze over after just a few graphs, or tables of data?
As data scientists, we know that how data is visualized impacts the cognitive and decision-making process. Importantly, we can visualize data in a way that maximizes decision-making clarity and confidence.
A powerful algorithm drives Pitstop Analytics™ and accelerates the transformation of data to insight, and ultimately confident decisions.
The models and tools at the core of Pitstop Analytics™ are a visual representation of the algorithm. So, you can interact fully with the analysis. There is full algorithmic transparency. After all you don't want some unknown computer code making your decisions for you.
If algorithms made decisions, big data would be all that is required. However, people decide and in the interpretation of data, there isn't just logic, but intuition, emotion and bias too. Pitstop Analytics™ is designed to take account of all these factors to enable leaders to make better decisions.
From movie recommendations to self-driving cars – this is the age of the algorithm. But what about an algorithm for business needs and priorities and the leaders, projects and initiatives that bring them to life?
Moving beyond graphs and tables is important in this age of big data. That is because Big data and powerful algorithms don't always result in better decisions. Done poorly, it could result in information overload and analysis paralysis.
Pitstop Analytics™ leverages powerful big data modelling and visualization techniques to prevent these problems.
Pitstop Analytics™ brings complex data to life and tells a story – thereby making it accessible, actionable and real.
Pitstop Analytics™ tackles bias and spurs innovative thinking by leveraging cognitive reframing, systems thinking and mental modelling.
Let's do a quick have talked about four aspects of PitStop Analytics™, multi-variate, meta analysis, powerful algorithm and, of course, big data visualization. if you would like any more information, please get in touch with us. today.
SOLUTIONS & SERVICES: Here are some of the ways that our research & insights are put to work by our clients: