Components of a Data-driven Culture: Shared Understanding, Consistent Definitions, Data Credibility скачать в хорошем качестве

Components of a Data-driven Culture: Shared Understanding, Consistent Definitions, Data Credibility

Data-driven businesses are growing at an average rate of more than 30% annually as per Foresters estimates. Other research shows that data-driven decision-making leads to output and productivity that is 5-6% higher. All this points to the importance of a data-driven culture in an organization. Instilling a data-driven culture requires changing the organizational mindset to one based on data-driven decision-making and the addition of the right tools and skillsets to the organization. However, the importance of a shared understanding of data through effective Data Governance and common definitions of key business metrics (a Single Source of Truth), cannot be overstated. In addition, Data Credibility, which is linked to Data Quality, is crucial in establishing a data-driven culture. Now that we have established these key requirements for a data-driven culture, let’s understand what they mean. ======================================================== Subscribe for more educational videos! Resources / Connect with Us: Download Digital Templates: https://www.numericalinsights.com/store/ Newsletter Sign-up: https://www.numericalinsights.com/sig... Website: numericalinsights.com Facebook Group:   / improvebusinessoperations