Analysing and optimising your suite of technology, tools and processes will only get you so far if due attention is not paid to the people who will be expected to use them on a daily basis. Expecting data-driven miracles from an untrained team is akin to putting a daily commuter in a Formula One race car and expecting a podium finish. It takes time, training and tactical recruitment to carve out a competitive edge with your data.
Of course, amidst a decade-long Reskilling Revolution from the World Economic Forum, hiring the right people and training existing staff is easier said than done. Many leaders have already experienced the pains of finding (and paying for) data-literate talent in today’s market. It’s clear by now that achieving organisational maturity in the space is a test of patience and perseverance.
As we continue rapidly into a digital-dependent world, organisations that don’t invest in the data literacy of their teams will swiftly fall by the wayside. That’s why upskilling is one of the most critical aspects of unlocking the potential stored within your existing data because it ultimately makes it valuable. It makes it possible for everyone to extract the insights they need in a timely fashion thanks to more human-driven approaches from data and analytics teams—moving away from ‘big data’ towards more user-friendly ‘small’ and ‘wide’ data, as defined in Gartner’s 2021 trends in the data and analytics space.
If every level of your organisation, from the store room to the board room, has access to the right data at the right time and the skills to consume it, you’ll be well on your way to becoming a data-driven leader in your sector.
We’re passionate about building the data infrastructure and governance policies necessary to unlock sector-leading data products. Find out more from our data experts today to start your transformation.
Leveraging technology to unlock your data potential
Where many businesses fall down on their data maturity journey is in the belief that choosing the ‘best’ technology is the key to success. But in reality even the most advanced technology will fail to deliver business results if you aren’t clear on your intended business outcomes. It is imperative firstly to ensure your technology investments are guided by a solid understanding of your intended business outcomes and a recognition that technology, people and process are the enablers.
Once you have a clear understanding of business outcomes you can start investigating your technology options. It can be difficult to accept the need for new investments in technology and infrastructure, such are the potential costs. But the financial impact of avoiding transformation can be far greater. Many organisations are already taking the plunge and the transformational trend looks set to continue—Gartner has predicted that enterprise IT spending on cloud computing will overtake spending on traditional IT in 2025.
The crux of it is not in merely buying the newest, shiniest tools for the front-end, but in providing a reliable enough back-end infrastructure to enable growth via a stack of carefully selected tools for your customers and employees to use. A cloud-based approach allows far greater flexibility than legacy systems can muster, which ultimately unlocks data at every level of your organisation rather than leaving it festering in impenetrable silos.
Cloud also makes it easier to scale your products when every data analyst, scientist and engineer within your organisation can access its data infrastructure to find or fix what they need. Proper governance of your software libraries means that data sets become instantly accessible for new products or features and data issues become universally fixable so everyone can benefit from them. In practice, this also means that individuals or teams can focus on solving the rich contextual problems necessary to produce business domain-specific dashboards, machine learning applications, and other data products.They no longer, have to reinvent the wheel. It allows for sturdy automation scaffolding that all teams and individuals can rely upon and acts as an organisational multiplier as a result.
The pace of digital change in society today demands that businesses at least keep pace, if not stay ahead of the pack. It can be difficult to know where to invest when you can’t see a clear path to the value that a better data strategy will bring, but our data experts are here to help.
Get in touch if you’d like to discover which technologies might assist you best on your data transformation journey.