Becoming a Data Driven Enterprise

A data-driven enterprise is an organisation that uses information to achieve its business goals. It uses data to improve sales, operations or a combination.

The first step in becoming a data driven enterprise is determining the appropriate use for the company’s data. This will ensure that the correct strategy is created for the company’s goals and that it has the internal resources needed to make effective data-driven decisions.

Next, an enterprise architecture is needed to support data use for a wide variety or applications and business processes. This includes providing reliable data sources, eliminating silos of data, and making the information easily accessible, consumable, and actionable by information consumers.

Creating Data-Driven Culture

To create a data-driven organization, it is important to get employees on board with this new way of working. This requires educating everyone on the benefits of data and how it can improve their work.

For example, a data-driven culture will encourage team members to ask how data can solve problems more quickly than traditional methods and will give non-analysts the tools they need to take responsibility for data analysis.

Leadership can play an important role in fostering a data-driven culture by ensuring that everyone is able to access the appropriate data and that it is made available as soon as possible, ideally instantly. This can reduce doubt and build trust.

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