What impact has the pandemic had on the role of data in your company/organisation?
During the initial days of the pandemic, we operated in a war-room setting, with daily updates to the top leadership of the company. Our focus was first and foremost on keeping our customers and associates safe, and second on figuring out how to operate in an environment of store closures and social distancing. Each day was a new adventure in predicting how to meet our customers’ needs while adapting to constantly changing operations.
We had to embrace a “minimum viable product” mindset and quickly stand up new analytical models for demand, pricing, promotion, assortment and operations. As the world has returned to semi-normal, the pods we established during the pandemic are still intact. We’re iterating on and scaling the products we built during the pandemic, adding new capabilities to delight our customers while driving profitability.
Does data now have a seat at the table during strategic discussions? If not, what will it take to get it there?
Absolutely. Our data and analytics roadmap aligns to the company’s strategic priorities, and each company priority has a workstream on data and analytics. I’ve been lucky to work with leaders who champion the use of data and analytics and who have proactively created seats at the table. It’s our responsibility as an analytics community to keep the seat at a table by bringing not only data or information, but solutions that create value with a clear path to implementation.