A data driven organization is an enterprise that uses information to meet business objectives. It focuses primarily on using data for boosting sales or improving operations, or both.
The first step in becoming a data driven enterprise is determining the appropriate use for the company's data. This will ensure the right strategy for meeting business goals is created and that internal resources are available to make data-driven decisions.
The enterprise architecture should be designed to support the use and distribution of data across a variety of applications. This includes providing reliable data sources, eliminating silos of data, and making the information easily accessible, consumable, and actionable by information consumers.
To create a data-driven organization, it is important to get employees on board with this new way of working. This means educating everyone about the benefits of data, and how it can read review enhance their work.
A data-driven culture, for example, will encourage team members ask how data can help solve problems faster than traditional methods. It will also give non-analysts all the tools they need to be responsible for data analysis.
Leadership can play a key role in fostering data-driven cultures by ensuring everyone has access to the right data and that they are made available as quickly as possible, ideally immediately. This can reduce doubt and build trust.