Fix the Culture First to Ensure Success of Data

Fix Culture to ensure Success of Data

Insight

Fix Culture to ensure Success of Data

Fix Culture to ensure Success of Data

Every data and AI initiative must start with the management buy-in. Without this, the entire initiative will be a failure even before it starts. The role of Chief Data Officer was introduced a decade back to handle the cultural issues in such initiatives and act as a bridge between the management and the workforce during the implementation phase. While this role has gained prominence among businesses worldwide, cultural issues continue to persist. To achieve success in data and AI projects, one has to address the cultural issues first.

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Data-driven transformation: Industry 4.0

Insight

Data-driven transformation: Industry 4.0

Healthcare | Retail | Manufacturing

Industry 4.0 will lead operations to the next s-curve of productivity

- McKinsey

According to Gartner, 75% of the organizations that are currently in the pilot stage of implementing analytics and artificial intelligence technologies will shift to operational phase by 2024. Therefore, organizations that do not act today in this direction will be left behind struggling for survival. Therefore, the onus lies on the top management or the C-suite executives to embrace a growth mindset and lead their workforce towards successful implementation of these technologies.

The report reflects the fact – how data is fuelling the Industry 4.0 transformation. The study discusses the data-driven business models that are changing the landscape of three prominent industries – Retail, Healthcare, and Manufacturing.

Download the report to learn about –

  • How are the businesses reacting to data-driven transformation.
  • Data-driven approach in retail, healthcare, and manufacturing.
  • How data-driven culture is transforming the fourth industrial revolution.
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Why do organizations need data-driven culture?

Insight

Why do organizations need data-driven culture?

According to a 2021 survey of Fortune 1000 companies by New Vantage Partners, only 29.2% respondents have reported achieving transformational business outcomes and 30% have a sound data strategy. Companies that invest in data analytics and AI benefit from effective, evidence-based, and data-driven decision making through methodically grouping and segregating the existing data and making it flow across the organisation to relevant teams as and when needed.

Data culture refers to the values and behaviours of individuals within an organization pertaining to data-related subjects. Almost all the organizations collect data in some or the other form. Therefore, all companies do have a data culture. Almost all the organizations collect data in some or the other form. Therefore, all companies do have a Data Culture. Data-Driven culture is the data culture of a specific quality, specific data-related capabilities of an organization. What it really is –

  1. Decisions at various levels are made on the basis of insights extracted from quality and aptly-governed data
  2. Leaders encourage seamless access of data across the organization
  3. Workforce participates and demonstrates seamless collaboration of data skills and competencies.

Download this insight report to learn –

  1. What is data-driven culture and why should we embrace it?
  2. What are the benefits and challenges in becoming data-driven?
  3. Where should the organizations start?
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