Goodbye KPIs, Hello Data Quality
There’s a truth to Tom Peter’s famous quote “what gets measured, gets done”. Peters was a writer and thinker on management practice who advocated the use of quality measures, today we refer to these quality measures as “Key Performance Indicators” or KPIs.
In 1986 when Peters encouraged executives to adopt a mindset of measurement and performance, the notion of a KPI made sense, data was hard to come by, data skills were specialised and tools to analyse data were not available to all staff members.
Today everyone with a laptop can process and analyse data. We can do away with the notion that data is gathered to analyse a single metric, but instead, organisations should be thinking about building up high-quality data repositories that can sustain a range of different analyses. Teams shouldn’t be bound by a set of analyses but instead by a range of features and complete records.
Building a business, governing a country or running a procurement service requires reliable, consistent data, bent to your will and corralled into the needs of decision-makers. Understanding value, savings, supplier performance, social impact, emissions, and corruption can all be done with the right sort of data.
Have broad ambitions, understand your data needs, but most of all build databases that will give you insights, not just for today, but for tomorrow and beyond.
If you’d like to know more about using Spend Network to aggregate and manage your procurement data, get in touch.
Data and Public Procurement.
Ensuring Data Integrity.
Govt Issues £4.2bn Tender To Update Legacy Services
‘Unboxing’ £120 Million Of Public Spend
We Sell Data, Not Seats.
Saab Voices Opposition To Canadian Gov Procurement
Your Data, Your Rules
Life Moves Pretty Fast
Lessons Learned In Public Procurement
Does Your Data Have Integrity?
Australian Government Covid Procurement Findings
Hungary Passes Transparency Bills.
Babcock Lands Polish Defence Contracts.
New enRichMyData project offers innovative solutions for data enrichment
£900k Government Fund To Help Charities Win Public Contracts.
Compelling research, insights and data directly into your inbox.