Data-Driven Decision Making, Its Importance, & How To Build It Into Your Culture

Do you make decisions based on data or based on your gut? In this episode, Tim Reitsma and Darren Person—Global CIO at The NPD Group—talk about the importance of a data-driven culture and how we should approach creating this culture.

Interview Highlights

  • The NPD Group is a market research company specializing in bringing the world's point of sale data together with the goal of helping retailers and manufacturers make better decisions, both around how they should price and promote their products as well as what types of products and features they should bring into those products. [1:59]

Leadership is really about understanding and engaging with your teams and understanding the needs that everyone in your organization is different in each and every way.

Darren Person
  • A big part of leadership is really understanding your people. [4:11]
  • During the pandemic, Darren created a "what's on your mind?" session. [5:14]
  • According to Darren, there are two parts of leadership: the inside-out and the outside-in perspective. [7:05]
  • While Darren created the "what's on your mind" session internally, he also created a CIO outreach program with other clients that they had. [7:47]
  • The larger concept of building a better world of work, it's really how do we leverage both the assets that we have internally and our entire network to figure out the best model and how do we help each other be more efficient, better at what we do, and take stress out of what we do. [10:53]
  • Darren shares how making data-driven decisions supports a better world of work. [12:55]

Data is like a guide. It's there to inform what decisions we make and also to be able to help explain why we made them.

Darren Person
  • A lot of companies are collecting data. It's really about picking the right metric for that business and that's going to be a different metric per company. [18:25]
  • The kind of decision making is understanding your customer. It's understanding when's the right time to introduce something that's game changing. And that requires a bit of that gut instinct. [21:07]

You need to create smaller iteration so you can fail fast and fail cheap, versus fail big and take a long time to do it.

Darren Person
  • Everyone wants to know what the goal is. Not everyone wants to be told how to get to that goal, because each of us is different. We all have ideas and we have different points of view on how we can get somewhere. [31:21]

Focus on the outcome, let the teams focus and think through the how, and that'll hopefully help you guide towards where you want to get to.

Darren Person
  • Our people are our biggest and our most important asset. [32:54]
  • Darren shares a metaphor on how he thinks about leadership in an organization. [33:43]

Even if you have the right people, if you put them in the wrong positions, you're not gonna be very successful. You really have to figure out the balance of both.

Darren Person
  • Darren shares where someone can start towards creating that safe space to become that data driven organization. [35:26]

Meet Our Guest

As Global CIO, Darren leads NPD’s Technology Group, encompassing the company’s operations and technology organizations and is responsible for spearheading the development of NPD’s next generation platform addressing clients’ needs through innovations in data and analytics. 

Darren is a Silicon Alley technology executive with more than 20 years of experience across a wide spectrum of industries. Prior to joining NPD, he was with RELX Group, a global information and analytics company, where he held several key roles driving the technology vision, strategy, and execution from cloud migration to implementations of enterprise scale data and analytics.

Before RELX, he was CTO for CBS Television Stations and held senior technology and product leadership roles with Lifetime Entertainment, Adecco, and USA Networks. Darren is an active participant in supporting his industry colleagues through the CxO Professional Network and since 2008 has been member of The New York CTO Club, an independent, not-for-profit, invitation only group of senior technologists who meet regularly to address key industry challenges. Additionally, Darren has served on the BWG Strategy advisory board for senior executives across technology, media and telecom since 2015. BWG industry professionals participate in a series of roundtable discussions, which are valuable resources for market intelligence, business development and personal/professional networking.

Darren resides in Long Island, NY with his wife Jamie, son Max, daughter Kylie and French Bulldog, Leo.

Darren Person headshot

When you think about how you build a better world of work, it's your ability to tap into all of the resources that come with you as an individual.

Darren Person

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