Becoming a Data Driven Enterprise

A data driven enterprise is a business that uses information for its own goals. It focuses on using data to boost sales or improve operations, or a combination of both.

The first step towards becoming a data-driven organization is to determine how best to use the data that the company has. This will ensure that the correct strategy is created for the company’s goals and that it has the internal resources needed to make effective data-driven decisions.

The enterprise architecture should be designed to support the use and distribution of data across a variety of applications. This includes a reliable source of truth and eliminating data silos. It also involves making it easy for consumers to access information, consume it and act on it in order to drive value.

Creating a Culture Driven by Data

To create a data-driven organization, it is important to get employees on board with this new way of working. 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 read review access the appropriate data and that it is made available as soon as possible, ideally instantly. This can build trust and reduce skepticism.