Extracting Actionable Insights From Data: What You Need To KnowWhile organizations today generate and capture a vast amount of raw data, they fail to effectively harness the potential business of this data. Extracting insights from raw data and making data-driven decisions has now become pertinent to organizations around the world.In fact, businesses driven by data
The Role Of Data In A Successful Digital Transformation JourneyMcKinsey Global Institute’s reports suggest that data-driven organizations are 23 times more likely to acquire customers, six times as likely to retain customers, and 19 times as likely to be profitable as a result.Yet today, many companies neglect the potential of data and analytics. According to Gartner, fewer than
Understanding Data Governance And Who Should Own ItIntroductionData governance is the foundation for managing data efficiently and making the organization’s data reliable and trustworthy. The tenets of data governance are to establish methods, layout clear responsibilities and develop robust processes to standardize, protect and store data. The aim of data governance is to:Minimize risks of