The Data Driven Enterprise

http://www.codaten.de/2020/05/22/analytics-fur-datenorientierte-unternehmen/

The data-driven enterprise is a transformation of the organization which requires culture, organization and technology to meet the business goals. It requires a holistic strategy that includes the right tools to provide seamless analytics and visualisations that are tailored to the needs of business stakeholders.

The first step is to identify and articulate your business goals and priorities. This will allow you to identify the areas and sources which require attention for your data-driven transformation. This will also allow you to pinpoint gaps and prioritize your initiatives based on data so that they have maximum impact.

It is crucial to have clear communication channels and a sense of ownership among all business stakeholders. This is the basis for an organization that is successful in implementing data-driven practices and ensures that there is a commitment to implement organizational, cultural and technical solutions to become an «data-driven» organization.

One way to achieve this is to involve the business in the process and letting them determine the way their data is used right from the beginning. This builds trust and lets the company is concerned about what happens to their data. Additionally, it can help make employees feel more included and empowered. Ardoq lets you easily structure and capture information for visualizations and insights. This allows you to make individualized information for management and business teams.

Another crucial component is to create a balanced data strategy that balances central technology, leadership, and governance with decentralized data ownership and the flexibility to select alternative technological building blocks. This will enable the business to reap short-term rewards as well as long-term benefits. Additionally, it will ensure that the business is able to react quickly and effectively in dire situations like a recession or merger, or a cybersecurity breach.

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