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Becoming a Data Driven Enterprise

A data-driven organization is one that leverages information in order to achieve business goals. It focuses on leveraging data to boost sales, improve operations, or a mixture of both.

The first step in becoming a data driven enterprise is determining the appropriate use for the company’s data. This will allow the right strategy to be created to meet the business goals, and provide the resources necessary to make effective decision using data.

Next, the enterprise architectural design must be built in a way that supports the use of data by a wide range of applications and processes. This includes providing a reliable single source of truth, eliminating data silos and making it easy for information consumers to access, consume and act on it to drive value.

Creating a Data-Driven Culture

In order to create a data driven culture, it’s important that employees adopt the new approach This requires that everyone be educated on the benefits and uses of data.

For example, adopting a data-driven approach will encourage team-members to ask questions about how data can solve problems faster than the traditional methods. They will also be given the tools to assume responsibility for data analytics.

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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