A data-driven enterprise is an organisation that uses information to achieve its business goals. It uses data either to improve operations or boost sales.
The first step towards becoming a data-driven organization is to determine how best to use the data that the company has. This will ensure the right strategy for meeting business goals is created and that internal resources are available to make data-driven decisions.
Next, enterprise architecture needs to be built so that data can be used for a variety applications and 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
A key step to creating a data culture is to get employees onboard with a new way of thinking. This means that everyone must be educated about the value of data and its potential to improve their work.
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 build trust and reduce skepticism.