In the words of acclaimed engineer, statistician, professor and author, W. Edwards Deming: “In God we trust, all others must bring data.” While Deming passed away over 25 years ago, those words ring true even today.
The Importance of Sound Decision-Making in EHSQ
While the importance of making thoroughly researched and well-analyzed decisions is important in most areas of business, in the EHSQ field, it is even more so as the safety of workers and the environment is the number one goal.
According to experts at BLR: “Data can identify trends, challenges and opportunities, and data-driven organizations know more about their processes and the markets in which they operate, providing them with more options when identifying strategies to respond to disruption and gain an advantage over less-agile competitors.”
The Growing Demand for Data
To highlight the growing popularity and applicability of data, reputable sources such as the Economist have published articles reinforcing that “the world’s most valuable resource is no longer oil, but data.” In terms of its role in the EHSQ field, the growth in the EHSQ software solutions market is a testament to how important data is to the day-to-day operations of these organizations.
With the outbreak of COVID-19 and business continuity planning continuing to this day, leaders are leveraging data not only to adequately prepare for further disruptions but also to figure out ways to make their teams more agile in the future.
What is important to note is that when used incorrectly, data can be dangerous. That’s why it’s critical to apply best practices and learnings from the experts.
Fast Forward to Effective Data Capture and Analysis
Prepare your team with the best techniques and practices by downloading our guide, EHSQ Data Collection and Analysis: 5 Steps Toward More Informed Decision-Making. Get ready to learn how to:
- Collect the right data for your EHSQ efforts (i.e. ensuring that the relevant EHSQ metrics and leading and lagging indicators are captured.)
- Look at the bigger picture to understand your organization’s performance relative to its competitors, the root causes of key incidents and the necessary actions for improvement.
- Ensure that your EHSQ decisions are supported by data and find ways to tie them back to business goals.
To view all 5 steps in detail, click here and access your guide!