Home Life Sciences Leadership Podcast - Season 2 Capitalizing on the Journey of Data to Drive Efficient Business Insights


    Episode 5: Capitalizing on the Journey of Data to Drive Efficient Business Insights

    Ashish Thakur, a strategy and technology executive at Axtria, joins the podcast this week. Ashish has a proven track record of fostering business growth through insightful data utilization for his clients. We’ll dive into the concept he terms the “Journey of Data” and use real-life examples to illustrate how this approach can effectively transform struggling businesses into thriving ones. Furthermore, we’ll delve into the signal-to-noise ratio, discerning the value of data and distinguishing between meaningful and irrelevant information. Join us for an insightful exploration of the Journey of Data and its practical applications in business.

    In This Episode, We Cover:

    • [2:40] Ashish explains what the “Journey of Data” means for a specific business or organization
    • [5:04] Ashish describes how one can decide and identify relevant data sets to use
    • [6:38] There is a difference in the quality and the usability of these data sets
    • [8:30] Ashish gives an example of a signal-to-noise ratio
    • [11:44] Ashish supplies an example of the various stages: the start, the evolution, the growth and the conclusion of the journey of data
    • [17:27] Jasmeet inquires about how Ashish helps his customers
    • [20:59] Ashish discusses some key takeaways

    Key Takeaways:

    • It’s important to recognize and vet the critical business objectives you want to achieve and operationalize the drivers and how they will be deployed.
    • It’s essential to acknowledge the signal or signals to track and the appropriate KPIs, which would help you measure this. KPI is not the governing factor. Interpretation of the KPI is the governing factor.
    • The key determinant in keeping our true north aligned is giving the correct information to the right audience at the appropriate business life cycle as it progresses.

    About Speaker

    Meet Ashish Thakur:

    Ashish Thakur is a seasoned strategy and technology executive with a track record of incubating business units, building products and platforms, and establishing critical processes to grow businesses efficiently.

    Over and over again, Ashish has redefined what it means to bring delight to customers. He has successfully turned around dysfunctional business charters and applied a non-linear scale to drive growth. He can do this by leveraging 25 years of cross-functional and multi-country experience across business and technology within the Pharma and Healthcare space.

    At Axtria, Ashish leads the BI Reporting & Visualization competency center. He owns the charter to make processed data impactfully rendered to deliver meaningful insights to the full spectrum of executives and stakeholders.

    Ashish holds a Bachelor in Engineering from Delhi College of Engineering and an MBA from IIM Ahmedabad.


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    Life Sciences Leadership Podcast - Season 2

    The Life Sciences Leadership podcast delves deep into effective strategies, latest innovations, and trends in the life sciences industry. Join Axtria’s Jasmeet Sawhney as he sparks discussion with highly acclaimed life sciences leaders on various industry trends and topics that are critical to winning in the new environment. Whether you are transforming your R&D processes, working on commercial success strategy, or simply craving dynamic discussion, this is the podcast for you.