Becoming a Data Driven Enterprise
- May 4, 2023
A data driven enterprise is an organization that leverages information to achieve business objectives. 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 More Bonuses company has. This will help to ensure that the appropriate strategy is created to achieve business goals and provide internal resources to make effective decisions using data.
Next, enterprise architecture needs to be built so that data can be used for a variety applications and 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 Culture Driven by Data
A key step to creating a data culture is to get employees onboard with a new way of thinking. This requires educating all employees on the benefits data can bring to their work.
For example, a data-driven culture will encourage team members to ask how data can solve problems more quickly than traditional methods and will give non-analysts the tools they need to take responsibility for data analysis.
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 help to reduce skepticism while building trust.