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Data Literacy and Analytics: Where Do They Intersect?

September 29, 2022

Data is the new oil. But what good is that data if we don’t know how to leverage it? According to the Human Impact of Data Literacy report, only 32% of surveyed executives felt like they were able to create measurable value from data. Organizations are struggling to make the most of the data and analytics they have – and it’s due to the lack of data literacy.

Data literacy is the ability of an individual to read, understand, and work with data to create meaningful insights from it. It’s a crucial skill in today’s data-driven world, yet only 24% of business decision-makers consider themselves data-literate. This prevents them from extracting value from the data they generate daily.