Turnaround

 

Overview

Our goal is to provide our stakeholders with enough information to make informed decisions. Often, these decisions are time-sensitive and event-driven. We strive to ensure our stakeholders have all the information they need to make the best possible decisions.

Newer technologies offer more relevant features and shorten the time it takes to identify, analyze and communicate the organization's key strengths and weaknesses. As newer team members join the organization, so do their experience and expertise. If existing technologies are not at a maturity level that will support their role in the organization, they will look for something that will. This puts pressure on organizations to continuously update their technologies to stay ahead of the curve. Furthermore, as technology advances, so do customers' and other stakeholders' expectations. They expect faster turnaround times, more accurate information, and higher quality products or services. All of this necessitates an agile organization that can adapt quickly to change.

Approach

There are a few ways to go about this. One way is to use prototype systems. These systems still need to be fully developed, but they can provide enough information to help make decisions. Another way is to use data from experiments or simulations. This can give us an idea of what might happen if we implement a certain decision. Finally, we can also use heuristics. Heuristics is about having enough information to make an educated guess. In other words, problem-solving is based, on past experiences and knowledge to devise a solution that will likely work.

Whichever method we choose, it's important to remember that we need to ensure that the information we're using is consistent and high quality. Otherwise, we might make decisions based on inaccurate information, which can lead to suboptimal outcomes.