A data driven enterprise is an organization that leverages information to achieve business objectives. It uses data to improve sales, operations or a combination.
The first step to becoming a “data-driven enterprise” is to determine what the company’s data should be used for. This will ensure the right strategy for meeting business goals is created and that internal resources are available to make 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 an accurate single source of fact, eliminating data sylos, and making information easy to access, consume, and act upon by consumers.
Creating a Data-Driven Culture
The first step to creating a culture of data is to get your employees onboard with the new way. This means educating everyone about the benefits of data, and how it can enhance 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 be a crucial factor in creating a data-driven society by ensuring all stakeholders have access to data as quickly as possible and ideally instantaneously. This can reduce skepticism and build trust.
