Becoming a Data-Driven Company

Every Company needs to leverage data to make good decisions.

This is why in the last decades the vast majority of Companies have been investing in tools and technology to collect and organize data not only to run operations but also to have them easily at the disposal of different business units and inform decision-making processes.

However, in recent years more and more Companies expect data to be even more at the centre of the decision-making process and they aspire to become Data-Driven companies.

For Data-driven Companies, data are not just an input of the decision making process that can be easily dismissed from time to time. For them, Data is the why a decision has to be taken.

From strategic levers to transformation journey

Leaders aiming at creating Data-driven companies, quickly realize that lack of data capabilities (human skills and technology) and data culture are the main roadblocks to unlocking the full potential of available information.

Typical levers to overcome capability and culture roadblocks are related to People, Technology and Organizational structures and processes (P-T-Os).

People: in order to increase the Data IQ of a company, it is necessary to enrich and diversify the skill mix of people behind the organization by combining external hiring with internal upskilling and reskilling initiatives, as well as to increase the awareness of new…