Diving Deep into All Things Data with Dr. Tricia Wang
We Know We’re Living in an Increasingly Data-Driven World, but Have You Ever Wondered What All That Data Says About Us? Dr. Tricia Wang Has, and Bmc Cto Ram...
We know we’re living in an increasingly data-driven world, but have you ever wondered what all that data says about us? Dr. Tricia Wang has, and BMC CTO Ram Chakravarti and AWS Senior Partner Development Manager Vijaya Balakrishna were honored to recently host a new Transformational Speaker webinar with the global tech ethnographer, researcher, and popular TED Talk speaker to get her take on “thick data”—the human element invisible to quantitative data analysis. Here are some highlights of the conversation.
Looking beyond the qualitative
Dr. Wang kicked off the discussion explaining that what’s most interesting to her is going beyond the basic definition that most people think of when they use the term “data.” “We all know what big data is. It’s numbers that are put in spreadsheets that are put in data lakes, data warehouses, all that stuff…that you can then do math on. But the world is not just numbers. There are other ways to represent the world and to represent the…processes that we’re interested in, especially that businesses are interested in,” she explains.
“If you think about in your everyday life, you don’t make decisions just based on numbers. We make decisions based on a holistic picture, and so numbers are taken into account, [but] you’re also looking at non-quantitative indicators.” She points to people’s reliance on smart watches and Fitbits as monitoring tools while still paying attention to general indicators such as how they actually feel.
She explains that it’s been her life’s work educating business leaders who want to stay ahead on how to yield value from non-quantitative data and leverage it as an indicator to drive actionable insights and make their businesses more agile and customer centric. And she says that while automation is gaining prominence, it’s not the only tool that you should have in your toolbox.
“Any qualified, legit business leader is fully aware that you need to have domain expertise and that domain expertise holds so much thick data,” she says. “There’s so much thick data that’s required to manage relationships…to read[ing] a room [and] knowing how to present a story to get buy in. The higher you go up, you’re really just…trying to convince people to see your point of view and get to some aligned outcome. And that requires thick data. You can’t just convince people based on quantitative numbers.”
“You need to have a human in the loop and really understand the human model, or the landscape that you are trying to understand, [or] the business outcomes. And then you can look at the variables that are going to help you understand that human model [and] build your data model based on the human model.” She adds that she tells her CEOs to stop treating their CIOs and CTOs like technical partners and help them understand their role as cultural change agents for the entire business.
Data in a brave new world
Dr. Wang turned the discussion toward the pandemic, highlighting that it’s had a significant impact not just on people in their personal and professional lives, but businesses, too. “Business ethnography now is about observing customers, their needs and motivations, in their own environment, in their own cultural setting. The whole world has changed and it’s still changing. We live in an incredible time where we talk about digital transformation and businesses leading digital transformation. The reality is front facing digital transformation was not what…it wasn’t really until the pandemic really forced the whole world online,” she says.
“One of the biggest changes is what I call the spatial collapse, where before, for centuries, since the Industrial Revolution, we lived in a way that has been more or less separated by three spaces. Home is the first space, the second space is the workspace, and then the third space is everything you do outside of that, from having fun, seeing strangers, meeting with your friends. And what the pandemic did was collapse all the three spaces into one. That is one of the biggest trends for changing customer behavior and the psychology of it.”
“The mental models of how they build their lives has radically changed. And it doesn’t just mean it’s customer behavioral change. It means employees change. The way we recruit talent changes. People have different expectations when there’s a spatial collapse.” She points out that’s why so many employees bristled at return to office mandates.