• Home
  • Diver BI Group
    • Diver | BI
    • Customer Commendations
    • Videos
    • Case Studies
    • Documents and Brochures
    • Diver BI Group Privacy Policy
  • Articles
    • News
    • Accolades
    • Blog
    • Ask Anthony
  • The Team
    • Key Experts
    • Members
      • Dynamic Business Informatics
      • Envisage
      • Chartwell IT
      • Cloud-Works Solutions Ltd
      • Data Management Business Insight
      • Manitex
      • Equiniti ICS
      • Pharma IT
      • Pinnula
      • Formell
      • IBI
    • Partners
      • Dimensional Insight US
      • Dimensional Insight EU
      • Dimensional Insight Asia
      • DI Panama
      • ID Technology (Brazil)
      • Infotool (Nordic Countries)
      • BIMAXIS – DI France
      • Vision IT
      • KDE Group (Israel)
      • Zight -Partner for Transport
      • 24/7 Uptime
  • Applications
    • Property
      • Property Prices Portal
    • Supply Chain
      • Retail
      • Distributor
      • Wholesale
      • Manufacturing
      • Produce
      • Beverage Alcohol Suppliers
      • Beverage Alcohol Distributors
      • Autoparts
      • Transport
      • Public Transport
      • DI Program Advisor
    • Healthcare
      • Healthcare
      • DI Surgery Advisor
      • DI Physician Performance Advisor
      • Pharma BI Applications of Diver
    • Finance
      • Finance
      • DI GL Advisor
    • Mobile & SaaS
      • Diver BI SaaS
      • SaaS for Sales Gap Analysis
      • BI designed for Tablet
      • DiveTab – Mobile BI
    • Diversity
      • Travel & Tourism
      • Colleges & Universities
      • Waste Management
      • Parking
      • Telecom Brokerage
      • Economic Trends
      • Maps
      • Smart Meters
      • Carbon Emissions Management
  • Workbench
  • Contact
    • Free Consultation with One of Our Experts
    • Add a New Revenue Stream as a Partner

DiverBIGroup

Business Intelligence Experts

Diver BI Group Blog How a Growth Mindset Can Help You in Analytics

How a Growth Mindset Can Help You in Analytics

25th January 2023

by Kathy Sucich

Reading Time: 5 minutes

When you come across something challenging, how do you react? Let’s take maths as an example. Many people believe their struggles in maths are due to “not having a maths brain.” Others, however, keep plugging away until they figure it out and logarithms are a piece of cake.

The former types of people have “fixed” mindsets, while the latter types have “growth” mindsets. And it’s this growth mindset that can help you reap benefits in many areas in life – including analytics. Let’s take a look.

What is a growth mindset?

I first became interested in learning more about growth mindsets when teachers at my daughters’ schools started to talk about them. Several years ago, one of my daughters participated in a personalized learning program (or a “flipped classroom”) and her teachers placed a high emphasis on the kids developing certain habits to succeed – one of which was having a growth mindset. Another former teacher would talk to her class about the importance of having a growth mindset as the kids tackled engineering and other STEM challenges.

According to Carol Dweck, the psychologist who coined the term, “In a growth mindset, people believe that their most basic abilities can be developed through dedication and hard work – brains and talent are just the starting point. This view creates a love of learning and a resilience that is essential for great accomplishment.”

Not only can individuals have growth mindsets, but organizations can have them too. In a Harvard Business Review article, Dweck says, “When entire companies embrace a growth mindset, their employees report feeling far more empowered and committed; they also receive far greater organizational support for collaboration and innovation. In contrast, people at primarily fixed-mindset companies report more of only one thing: cheating and deception among employees, presumably to gain an advantage in the talent race.”

As I learned more about having a growth mindset, I realized learning how to strengthen and improve one’s frame of mind would not just benefit 12-year-olds who are dealing with the demands of an increased academic load, but it would also benefit business people, including those who work with data all day.

Growth mindsets and analytics

What are some characteristics of a growth mindset and how can having this frame of mind benefit people who work in analytics? Here are three ways.

  1. Resilience. One of the things that characterizes people with a growth mindset is that they are able to bounce back from adversity more easily. For analytics users, this means that finding “bad news” in your data is not a death knell or something to hide. For example, let’s say your data shows poor sales numbers for this quarter. How will you react? The growth-oriented individual might sulk for a bit, but will then take it as a challenge to figure out ways to improve for next quarter.
  2. Persistence. Growth learners stick with tasks, even when they become challenging. When it comes to analytics, it can be discouraging at first when you’re not getting the answer you need in the data. But persistence pays off. The growth-oriented individual will keep diving in the data to get to the right answer.
  3. Intelligence growth. People with growth mindsets don’t believe that one’s talents and abilities are fixed at birth. They believe they can develop over time. Having access to a wealth of new data can be daunting at first. What do you look for? What should you be examining? Do you give up easily or work with the data over time to gain new insights?

How to develop a growth mindset

If you find that you have a fixed mind, there are ways to change your thinking and develop more growth-minded habits.

  1. Ask your question in a new way. Have a question that you’re not getting the answer to in your data? An individual with a growth mindset won’t turn the computer off, but she will think about what she wants as an end result and work backwards from there to make sure she’s asking the right questions.
  2. Spend some free time just seeing where the data takes you. I know, I know – who has free time to just sit around and play with the data? Truth is, though, taking some time to explore can help you gain new insights. Start by setting aside a small chunk of time each week to see what new nuggets of information you can unearth.
  3. Continually make new goals. Your sales team met its goals for the quarter. Or your ER department successfully shaved 10 minutes off its door-to-doc time. Congrats! Now what’s next? By setting a new goal each time you make your old one, you are keeping your mind challenged and open to new ways of thinking.
  4. Celebrate small wins along the way. Many people with fixed mindsets have them because it’s hard to see the end result. “I can’t understand this simple maths concept today – how do you expect me to ace the AP exam?” “Our hospital’s quality rankings are in the bottom 10% – how can we possibly get them to the top 10%?” “Fewer stores stocked our product last quarter – how can you now expect us to increase distribution?” You can change this mindset by celebrating smaller milestones. An improved test score. A small jump in quality rankings. A new distributor relationship. By breaking down your larger goals into smaller wins, you increase momentum and motivation, unlocking insight into how you can reach your bigger goals.

Growth thinking is a process

Of course, shifting your frame of mind is a process, and it’s one that won’t happen overnight. I’ve learned that with my kids, despite teachers continually stressing growth learning ideas. However, you will find that by employing some more growth-minded thinking, you can turbocharge your analytics understanding and success. Interested in learning more? Check out our blog posts Why Diversity Matters in Decision-Making and How Curiosity Can Improve Decision-Making.

Kathy Sucich

Kathy Sucich is vice president of marketing at Dimensional Insight, where she is responsible for the company’s branding, events, content, and communications strategy.
Kathy started her career in television news writing and producing. She then worked at a public relations agency and as a freelance writer before joining Dimensional Insight in 2013.
Kathy holds a bachelor’s degree from Dartmouth College and an MBA in health sector management from Boston University.
She is host of the Smarter Healthcare Podcast (www.smarthcpodcast.com) and is active in the Massachusetts chapter of the American College of Healthcare Executives (ACHE). Kathy is also a member of the Forbes Communications Council.

Tags: growth mindset;data analytics;setting goals;growth learning

Articles

  • News
  • Accolades
  • Blog
  • Ask Anthony
  • Diver | BI
  • Customer Commendations
  • Videos
  • Case Studies
  • Documents and Brochures
  • Diver BI Group Privacy Policy

Dynamic Business Informatics Ltd

Distributors of The Diver Solution & Diver Platform, providing business consultancy services, products and applications derived from the Diver Solution & Diver Platform.
14 Mellifont Avenue
Dun Laoghaire
Co. Dublin

+353 1 2302022

10 Kenyon Street
Nenagh
Co Tipperary

+353 67 43309

Contact Us

We would love to hear from you! Please submit your query and we will get in touch with you shortly.

Email addresses are never sold, rented, or shared. See our Privacy Policy.

  • This field is for validation purposes and should be left unchanged.

Accolades

  • Dimensional Insight Named an Overall Leader by Dresner Advisory Services in 2022 Industry Excellence Awards
  • Dresner Wisdom of Crowds 2022 – Best in Class Results
  • Klas 2022 – A Grades for Dimensional Insight
  • Dimensional Insight Earns Top Marks in 2021 Wisdom of Crowds Business Intelligence Market Study
  • Best in Klas 2021

Copyright © 2023 Diver BI Group · Privacy Policy · website by cubecolour

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.


What Are Cookies?


As is common practice with almost all professional websites this site uses cookies, which are tiny files that are downloaded to your computer, to improve your experience. This page describes what information they gather, how we use it and why we sometimes need to store these cookies. We will also share how you can prevent these cookies from being stored however this may downgrade or 'break' certain elements of the sites functionality.


For more general information on cookies, please read "What Are Cookies".


How We Use Cookies


We use cookies for a variety of reasons detailed below. Unfortunately in most cases there are no industry standard options for disabling cookies without completely disabling the functionality and features they add to this site. It is recommended that you leave on all cookies if you are not sure whether you need them or not in case they are used to provide a service that you use.


Disabling Cookies


You can prevent the setting of cookies by adjusting the settings on your browser (see your browser Help for how to do this). Be aware that disabling cookies will affect the functionality of this and many other websites that you visit. Disabling cookies will usually result in also disabling certain functionality and features of the this site. Therefore it is recommended that you do not disable cookies.


The Cookies We Set




  • Account related cookies


    If you create an account with us then we will use cookies for the management of the signup process and general administration. These cookies will usually be deleted when you log out however in some cases they may remain afterwards to remember your site preferences when logged out.




  • Login related cookies


    We use cookies when you are logged in so that we can remember this fact. This prevents you from having to log in every single time you visit a new page. These cookies are typically removed or cleared when you log out to ensure that you can only access restricted features and areas when logged in.




  • Forms related cookies


    When you submit data to through a form such as those found on contact pages or comment forms cookies may be set to remember your user details for future correspondence.




  • Site preferences cookies


    In order to provide you with a great experience on this site we provide the functionality to set your preferences for how this site runs when you use it. In order to remember your preferences we need to set cookies so that this information can be called whenever you interact with a page is affected by your preferences.




Third Party Cookies


In some special cases we also use cookies provided by trusted third parties. The following section details which third party cookies you might encounter through this site.




  • This site uses Google Analytics which is one of the most widespread and trusted analytics solution on the web for helping us to understand how you use the site and ways that we can improve your experience. These cookies may track things such as how long you spend on the site and the pages that you visit so we can continue to produce engaging content.


    For more information on Google Analytics cookies, see the official Google Analytics page.




More Information


Hopefully that has clarified things for you and as was previously mentioned if there is something that you aren't sure whether you need or not it's usually safer to leave cookies enabled in case it does interact with one of the features you use on our site.


However if you are still looking for more information then you can contact us through our contact page

Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT