Businesses are continually grappling with how to organize and use the massive amounts of incoming big data. In fact, a recent survey reveals that 62% of organizations feel they need to improve data management efficiency. But many organizations with legacy systems and overloaded data silos, lakes, and warehouses are unable to efficiently analyze and apply […]
Data Democratization: The Key to Making your Organization Thrive
Not every employee in an organization has the same skill sets, nor even the same access to data, as a data analyst would. This results in data being viewed and analyzed far in the background, beyond many employees’ access. It is obscured and siloed away from employees who may misinterpret or not “understand” it. Critical […]
Business is Turning to a Post-Pandemic Data Driven Culture
2020: the year everything changed. Who could have imagined what business would look like at this time back when 2019 was coming to a close? Experienced business veterans are seeing a culture shift among their customer base never imaginable before this year. The unpredictability of 2020 proves out the important value of data analytics. To […]
Data and the Post-Pandemic World
Peter Drucker famously analyzed unpredictable social, political, and economic changes to the business landscape in The Age of Discontinuity, identifying situations where businesses must adapt immediately to mitigate losses or take advantage of opportunities. The widespread, unforeseen, and swift effects of the coronavirus pandemic have shown that businesses must be more prepared and agile than […]
Data-Driven Decision Making in Recessions
Lately, every time you turn on the news, you hear the word “unprecedented.” The spread of the Covid pandemic is playing out at a speed and intensity not seen since the Spanish flu of 1918; the joblessness rate in America has risen to a level not seen since the Great Depression. Again and again, you […]
What You Need To Know About Data Driven Decision Making
Gone are the days when company executives would base their decisions on intuition or refer to past decisions to make sound decisions. Objective decision making in a company depends on using credible sources of information. Data is crucial in making strategic decisions and should be every organization’s goal. Biased decision making can be costly, misleading, […]
