Post by account_disabled on Dec 4, 2023 4:06:51 GMT
? Although many companies have already invested in massive data collection, many of them still struggle to exploit it... Publication date :June 2, 2022 Flipboard Reddit Pinterest WhatsApp E-mail BY JULIETTE GUIN , DATA INTEGRATION EXPERT AT FIVETRAN A growing number of companies are investing in the maturity of their data in order to make wiser and more extensive use of it. But many of them come up against the “data ditch” ( editor’s note: literally, the “data gap” in French ).
A metaphorical void, which affects companies that have mastered data collection but cannot yet use this data to support all their decisions. A recent study revealed that more than half of Buy Bulk SMS Service SMEs and businesses in Europe and North America are now stuck in this data ditch… How to spot the “data ditch”? Data is at the heart of every business decision. When data is not used to its full potential, the impact is felt across all aspects of the business.
The telltale signs of a company's presence in the data ditch are also found in all departments and aspects of business operations: 1. Data governance is not owned by anyone , data management is not aligned with business strategy. 2. The company has ethics and data privacy initiatives in place, but there is no standardized framework . 3. The IT architecture is centralized but planning remains project-based or intervenes reactively.
4. Data analysts cannot yet take advantage of automation, Artificial Intelligence (AI) and Machine Learning. It is important that business leaders have meaningful conversations about these areas and use the tools at their disposal to identify inefficiencies in their operations so they can implement the necessary changes to mitigate them.
A metaphorical void, which affects companies that have mastered data collection but cannot yet use this data to support all their decisions. A recent study revealed that more than half of Buy Bulk SMS Service SMEs and businesses in Europe and North America are now stuck in this data ditch… How to spot the “data ditch”? Data is at the heart of every business decision. When data is not used to its full potential, the impact is felt across all aspects of the business.
The telltale signs of a company's presence in the data ditch are also found in all departments and aspects of business operations: 1. Data governance is not owned by anyone , data management is not aligned with business strategy. 2. The company has ethics and data privacy initiatives in place, but there is no standardized framework . 3. The IT architecture is centralized but planning remains project-based or intervenes reactively.
4. Data analysts cannot yet take advantage of automation, Artificial Intelligence (AI) and Machine Learning. It is important that business leaders have meaningful conversations about these areas and use the tools at their disposal to identify inefficiencies in their operations so they can implement the necessary changes to mitigate them.