Believe in Data
Borrowing the words of W. Edwards Deming, “In God we trust. All others must bring data.” It is no secret that organizations have moved significantly in terms of deploying technology and applications across their processes, generating tons of data. But despite most organizations swimming in the sea of data, they are starved for actionable information
and insights that can improve the quality of their decision making.
However,one of the vital aspects of data transformation is to believe in data and act upon the idea that data & analytics can make a massive difference in decision-making. It is often called the data analytics maturity of an organization. The organizations on the higher side of this maturity index act on the actionable information across the functional departments, organizational policies, and customer engagements. Unfortunately, the organizations that reside low on this meter still resort to traditional ways and end up making crucial business decisions based on gut feeling and experience. They don’t trust the data. That’s a challenge organizations must overcome to succeed in the digital era.
Aspiring organizations must also ensure their access to high-quality data analytics platforms since data is often scattered across the enterprise multiple silos and systems, different functional departments, and geographical boundaries, among others. It takes world-class analytics systems to combine data from different platforms and churn out high-quality, actionable insights to help you make well-informed decisions. It would be a great idea to invest in an expert data team and expose them to leading DMS tools to achieve this.