Secrets to Building a Data-Driven Culture

Dateline: July 29, 2016

Welcome to our Friday WRAP – one thought-provoking idea to think about over the weekend.

The competitive landscape is shifting rapidly in virtually every industry, fueled by the intelligent application of technology and data. While nearly all companies have more data than they know what to do with, a powerful minority is discovering new ways of leveraging it.

Companies who are thriving today are those who have built a data-driven culture that allow them to understand and anticipate their customers’s needs.  How do you build a data-driven culture?  Recently, Information Week published a very enlightening slide show/article about the 9 Secrets of Data Driven Companies.  From asking executives about their organizations, author Lisa Morgan found these 9 characteristics of some of the most data-driven companies around today.

  1. Be Comfortable with Uncertainly
  2. Adapt culture accordingly
  3. Be agile
  4. Consider forward looking technology acquisitions
  5. Insure business processes are updated
  6. Executives lead by example
  7. Tear down organizational barriers
  8. Allocate resources differently to insure you anticipate customer needs
  9. Productize data

How may of these characteristics describe your culture?  Where might you start to build or enhance your organization’s data-driven culture?

That’s a WRAP!  Have a wonderful weekend!

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