Five Ways To Pursue a Data-driven Values for Your Business

The pressure on organizations to make accurate and timely business decisions has turned data into an important strategic asset for businesses.

In today’s dynamic marketplace, the ability for businesses to use data to identify challenges, spot opportunities, and adapt to change with agility is critical to its survival and long-term success. Therefore, it has become an absolute necessity for businesses to establish an objective, data-driven culture that empowers employees with the capabilities and skills they need to analyse data and use the insights extracted from it to facilitate a faster, more accurate decision-making process.

Contrary to what many people think, cultivating a data-driven culture is not just a one-time transformation. Instead, it’s more like a journey that requires efforts from employees and direction from both managers and executives. In this article, I am sharing five different ways businesses can accelerate their transformation into a data-driven enterprise.

1. Establish a Clear Vision

2. Ensure Easy and Secure Access to Data

3. Keep Your Data Clean and Up-to-Date

4. Create Agile Multi-Disciplinary Teams

The data-driven journey requires retraining of the job force in analytical skills as well as in mindset, so that the employees can understand how data-driven decisions are made and how they contribute to the growth and performance of the company. Put simply, big data and analytics training and education is imperative for establishing a data-driven culture.

The selection of right data analytics and visualization tools also drive the data adeptness of your employees. While Hadoop and Spark are the market leaders when it comes to big data technology, there are other analytics solutions available as well that can offer you great value. Some of these include SAS, R, Python, and Tableau. Regardless of the platform you select, it is important to provide your workforce training on how to make the best use of the available data analytics resources.

5. Develop Reward Mechanisms

Unless communicated across an organization, data remains worthless. To extract the right information and insights from structured and unstructured data, it is important that you focus your efforts on cultivating a data-driven culture that empowers employees with the resources and skills they need to leverage data and obtain the right information at the right time to make more accurate decisions.

Thank You for reading.

Startup 💼 Assistive Tech ♿️ Visit https://oretes.com/ to learn more