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Tuesday, February 09, 2021

IDEA DEEP INSIDE IKEA: PATRICK SHARRY

Patrick Sharry - How to become more strategically agile In a data driven world


  • Patrick Sharry, an AGSM Fellow, acts as a ‘virtual coach’, asking the learner a series of questions about the decision they are making. They are then guided to the most suitable decision-making tool.

AGSM Executive Leadership Case Study



About Patrick Patrick is an expert facilitator with extensive experience working with senior executives across a diverse range of industries including financial services
 
 

1. “Without big data, you are blind and deaf and in the middle of a freeway.” – Geoffrey Moore

2. “In God we trust, all others bring data.” — W Edwards Deming

3. “Data is the new oil.” — Clive Humby

4. “No great marketing decisions have ever been made on qualitative data.” – John Sculley

5. “Torture the data, and it will confess to anything.” – Ronald Coase

6. “With data collection, ‘the sooner the better’ is always the best answer.” – Marissa Mayer

7. “Big data isn’t about bits, it’s about talent.” – Douglas Merrill

8. “It is a capital mistake to theorize before one has data.” — Sherlock Holmes

9. “Without a systematic way to start and keep data clean, bad data will happen.” — Donato Diorio

10. “You can have data without information, but you cannot have information without data.” — Daniel Keys Moran

11.“If we have data, let’s look at data. If all we have are opinions, let’s go with mine.” — Jim Barksdale

12. “Above all else, show the data.” – Edward R. Tufte

13. “Big data is at the foundation of all of the megatrends that are happening today, from social to mobile to the cloud to gaming.” – Chris Lynch

14. “Data are just summaries of thousands of stories – tell a few of those stories to help make the data meaningful.” — Chip & Dan Heath

15. “Data beats emotions.” – Sean Rad

16. “Contact data ages like fish not wine…it gets worse as it gets older, not better.” — Gregg Thaler

17. “Data really powers everything that we do.” – Jeff Weiner

18. “Data that is loved tends to survive.” – Kurt Bollacker

19. “Errors using inadequate data are much less than those using no data at all.” – Charles Babbage

20. “Where there is data smoke, there is business fire.” — Thomas Redman



PwC data tool halves M&A due diligence time

PwC’s Australian team has built a data analysis tool that it says cuts down the time it takes to conduct due diligence on a merger and acquisition transaction by as much as 50 per cent.

Its Decision Analytics Platform, built on on Microsoft’s Azure cloud computing platform, has been used in 150 transactions and is in the process of being rolled out globally.

Designed to help M&A teams properly assess the value of a business, the platform analyses not only a company’s own data, but relevant third party information, in order to determine what price a client should pay for a company, or which companies could make good acquisition targets.

PwC Australia deals leader Rob Silverwood with PwC director Charlie Pickett and Microsoft chief partner officer Rachel Bondi.  Supplied

Speaking to The Australian Financial Review, PwC Australia deals leader Rob Silverwood said while the platform is capable of reducing a traditional DD process by more than 40 per cent, his team pitches to clients that rather than reducing their fees, they’re able to offer a better service by spending that same amount of time adding new value.

“It certainly reduces a lot of man hours,” he said.




 The NSW Public Accounts Committee's Mr Jozef Imrich said the Web technology gives users the opportunity to bring government