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Prashanth Southekal, PhD
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  • Calgary, AB
  • Canada
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Prashanth Southekal, PhD's Discussions

Regression Analysis

Started this discussion. Last reply by Wayne G Fischer Feb 26, 2018. 10 Replies

I am doing some regression analysis. Some of the independent variables are continuous while some are categorical. The dependent variable is continuous. Can you please help me on which regression…Continue

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Prashanth Southekal, PhD's Page

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Prashanth Southekal, PhD's blog post was featured

Data Standardization: The Core building block for Data Quality.

Data for Business Performance is using data in operations, compliance, and decision making. However, in most cases the available data in business enterprises is of poor quality. An article in Harvard Business Review (HBR) says – just 3% of the data in a business enterprise is of good quality. In this backdrop, what can be done to improve data quality? While there are many solutions to improve data quality, one option is to capture the important data entities i.e. master data using data…See More
May 9
Prashanth Southekal, PhD posted a blog post

Can Lack of Data Always Provide Valuable Insights?

Can Lack of Data Always Provide Valuable Insights?Prashanth H Southekal and Matthew Joyce Today, data – both structured and unstructured, is seen as the most valuable business asset to solve problems and improve productivity.  An article in Forbes says every company today is a data company! However, we often get questions from our clients, whether data can offer insights when there is no complete data available.  The short answer is YES; data can provide insights even when the complete data set…See More
Mar 21
Prashanth Southekal, PhD's blog post was featured

Can Lack of Data Always Provide Valuable Insights?

Can Lack of Data Always Provide Valuable Insights?Prashanth H Southekal and Matthew Joyce Today, data – both structured and unstructured, is seen as the most valuable business asset to solve problems and improve productivity.  An article in Forbes says every company today is a data company! However, we often get questions from our clients, whether data can offer insights when there is no complete data available.  The short answer is YES; data can provide insights even when the complete data set…See More
Mar 21
Prashanth Southekal, PhD posted a blog post

Demystifying the Term Actionable Insights in Analytics

Demystifying the Term Actionable Insights in Analytics Prashanth H Southekal and Matthew JoyceThese days, the term Actionable Insights has become one of the most common terms used in Analytics projects. It has been used so much that it has almost lost its relevance and meaning today. So, what exactly is Actionable Insights and how can you achieve it? In simple words, Actionable Insights are insights that can be acted upon by the decision makers. However, many companies struggle to realize…See More
Jan 15
Prashanth Southekal, PhD posted a blog post

The Key to Unlock Digital Transformation

Digital Transformation is exploiting digital technologies and data to enhance the firm’s business model. Unfortunately, a Forbes study says that 84% of the Digital Transformation initiatives fail. There are many reasons for this and one important reason is tied to the way businesses inherently operate. Basically, businesses exist to earn profits and driving profits or margins is primarily done by increasing the revenues or by reducing costs – fixed and variable, such as COGS, SGA, Depreciation,…See More
Nov 14, 2018
Prashanth Southekal, PhD's blog post was featured

The Key to Unlock Digital Transformation

Digital Transformation is exploiting digital technologies and data to enhance the firm’s business model. Unfortunately, a Forbes study says that 84% of the Digital Transformation initiatives fail. There are many reasons for this and one important reason is tied to the way businesses inherently operate. Basically, businesses exist to earn profits and driving profits or margins is primarily done by increasing the revenues or by reducing costs – fixed and variable, such as COGS, SGA, Depreciation,…See More
Nov 14, 2018
Mario Aviles liked Prashanth Southekal, PhD's blog post Transforming Quantitative Data to Qualitative Data
Sep 11, 2018
Doug laney liked Prashanth Southekal, PhD's blog post What is NOT Digital Transformation?
Sep 11, 2018
Ravi Condamoor commented on Prashanth Southekal, PhD's blog post What is NOT Digital Transformation?
"Another way to look at this.. Items 1 through 4 are really means to an end..tools to enable digital transformation. Deploying a tool is not the end goal but business results such as productivity, customer satisfaction,  market access,…"
Sep 10, 2018
Prashanth Southekal, PhD posted a blog post

What is NOT Digital Transformation?

These days many companies have embarked on Digital Transformation. Unfortunately, not many have found good success. A recent study in Forbes, says over 84% of Digital Transformation initiatives in business enterprises fail. While lot of articles talk of Digital Transformation including reasons for the poor failure rate, critical success factors, etc.., here is my take on what is NOT Digital Transformation. Here are the top 5 aspects (based on what I have seen) where the means have taken more…See More
Sep 9, 2018
Prashanth Southekal, PhD's blog post was featured

What is NOT Digital Transformation?

These days many companies have embarked on Digital Transformation. Unfortunately, not many have found good success. A recent study in Forbes, says over 84% of Digital Transformation initiatives in business enterprises fail. While lot of articles talk of Digital Transformation including reasons for the poor failure rate, critical success factors, etc.., here is my take on what is NOT Digital Transformation. Here are the top 5 aspects (based on what I have seen) where the means have taken more…See More
Sep 9, 2018
Kranti Swaroop Asapu liked Prashanth Southekal, PhD's blog post Why Data Analytics is Heavy on Data Engineering?
Jul 25, 2018
Prashanth Southekal, PhD's blog post was featured

Why Data Analytics is Heavy on Data Engineering?

While many companies have embarked on data analytics initiatives, only a few have been successful. Studies have shown that over 70% of data analytics programs fail to realize their full potential and over 80% of the digital transformation initiatives fail. While there are many reasons that affect successful deployment of data analytics, one fundamental reason is lack of good quality data. However, many business enterprises realize this and invest considerable time and effort in data cleansing…See More
Jul 24, 2018
DEREK BELYEA commented on Prashanth Southekal, PhD's blog post Why is Data Missing from the Balance Sheet?
""Until someone fortifies the material value of high-quality data as a consistent source of revenue and growth potential then companies will intentionally omit it from balance sheets." This is not the problem. Lots of non-data assets show…"
May 22, 2018
DEREK BELYEA commented on Prashanth Southekal, PhD's blog post Why is Data Missing from the Balance Sheet?
"FASB and IFRS go to great pains (and give accountants lots of work) to assign values to some assets and some liabilities but completely ignore others.  Yes, investors are not stupid.  They understand the value of these "hidden"…"
May 22, 2018
David Blaszkowsky commented on Prashanth Southekal, PhD's blog post Why is Data Missing from the Balance Sheet?
"There is a big difference between the accounting meaning of "asset" and the popular use of the term.  "_____ is our most important asset" is a routine phrase -- here we insert "data", rather than people or…"
May 22, 2018

Profile Information

Short Bio
Prashanth Southekal brings over 20 years of Data and Information Management consulting/working for companies such as SAP AG, Shell, Apple, P&G, and General Electric. He has published two books on Information Management including the most recent "Data for Business Performance".
Professional Status
Executive Management
Years of Experience:
20
Your Company:
DBP-Institute
Industry:
Consulting
Your Job Title:
Managing Principal
Interests:
Finding a new position, Networking, New venture, Recruiting, Other

Prashanth Southekal, PhD's Blog

Data Standardization: The Core building block for Data Quality.

Posted on May 8, 2019 at 1:30pm 0 Comments

Data for Business Performance is using data in operations, compliance, and decision making. However, in most cases the available data in business enterprises is of poor quality. An article in Harvard Business Review (HBR) says – just 3% of the data in a business enterprise is of good quality. In this backdrop, what can be done to improve data quality? While there are many solutions to improve data quality, one option is to capture the important data entities i.e. master data using data…

Continue

Can Lack of Data Always Provide Valuable Insights?

Posted on March 18, 2019 at 3:30am 0 Comments

Can Lack of Data Always Provide Valuable Insights?

Prashanth H Southekal and Matthew Joyce

 

Today, data – both structured and unstructured, is seen as the most valuable business asset to solve problems and improve productivity.  An article in Forbes says every company today is a data company! However, we…

Continue

Demystifying the Term Actionable Insights in Analytics

Posted on January 14, 2019 at 10:30am 0 Comments

Demystifying the Term Actionable Insights in Analytics 

Prashanth H Southekal and Matthew Joyce

These days, the term Actionable Insights has become one of the most common terms used in Analytics projects. It has been used so much that it has almost lost its relevance and meaning today. So, what exactly is Actionable Insights and how can you…

Continue

The Key to Unlock Digital Transformation

Posted on November 12, 2018 at 5:30pm 0 Comments

Digital Transformation is exploiting digital technologies and data to enhance the firm’s business model. Unfortunately, a Forbes study says that 84% of the Digital Transformation initiatives fail. There are many reasons for this and one important reason is tied to the way businesses inherently operate. Basically, businesses exist to earn profits and driving profits or margins is…

Continue

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