How can organizations leverage data as a strategic asset? In this article, we discuss some key components of a data-driven culture. To be data-driven requires high-quality data, broad access, and data literacy interwoven into every step of decision making.
Knowing where to get the data, and maintaining quality data, is crucial for data management. Having clean, high-quality data, from a central source, and
with clear metadata, is also ineffective if staff can’t access or understand it.
Data-driven organizations tend to be very inclusive and provide access wherever the data can help front line operations. In a data-driven culture with broad data access, staff will frequently encounter reports and dashboards, and they may have a chance to analyze data themselves. Business leaders should consider providing data science training and custom dashboards to every level of the organization.
Approach to Decision Making
Data can only make an impact if it is actually incorporated in the decision-making process. Organizations need quality, timely and relevant data. By providing your workforce with custom dashboards and a data driven approach to decision making, your employees will more accurately present insights and recommendations at speed and scale.