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Showing posts with label Data Driven. Show all posts
Showing posts with label Data Driven. Show all posts

Thursday, August 11, 2022

McKinsey on the Coming Data Driven, Smart Workflow

From McKinsey; 

The data-driven enterprise of 2025

Rapidly accelerating technology advances, the recognized value of data, and increasing data literacy are changing what it means to be “data driven.”

By 2025, smart workflows and seamless interactions among humans and machines will likely be as standard as the corporate balance sheet, and most employees will use data to optimize nearly every aspect of their work.

We know 2025 isn’t too far off, but that’s the point.

Seven characteristics will define this new data-driven enterprise, and we’ve already seen many companies exhibit at least some of them, with many more beginning the journey to do so.

Those able to make the most progress fastest stand to capture the highest value from data-supported capabilities. Companies already seeing 20 percent of their earnings before interest and taxes (EBIT) contributed by artificial intelligence (AI), for example, are far more likely to engage in data practices that underpin these characteristics.

This guide is intended to help executives understand the characteristics of the new data-driven enterprise and the capabilities they enable. It also provides resources to dive deeper on how to embed them in your organization.  ... 

Monday, August 23, 2021

Data Driven Companies, Trends

Tableau Writes, here's the intro:

What do data-driven companies have in common? Research reveals five key trends By Ashley Howard, Tableau

Recent IDC research, sponsored by Tableau, found that 83% of CEOs want a data-driven organization, but only 33% of executives are comfortable questioning business KPIs and metrics1, revealing disparities between what executives “want” and “have.”(1) Nearly all executives say they want their organization to be more data-driven, but discount cultural investments that help bring that change to reality.

As more organizations see and understand their data, and some grow data use at enviable rates, Tableau and IDC felt it was useful to explore behaviors, characteristics, and key trends that set data-leading companies—ones with a strong Data Culture—apart. We conducted a survey of over 1,100 business leaders across 10 countries in technical and non-technical roles, investigating the presence and depth of five trends that drive a successful Data Culture and help shift the position of organizations to become data-leading.  ... '