Tag: Data-driven

January 12, 2023

In the digital business world, organizations can’t take advantage of their data assets without a proper Data Strategy in place. The Data Strategy is the plan that enables an enterprise to meet its business goals through its data. Avoiding common […]

January 5, 2023

Over the last 20 years of our experience helping companies achieve innovation and digital transformation success, we have observed that there are three critical resources an enterprise has at its disposal, that must be leveraged in an optimal way, to […]

December 14, 2022

Data analysts are specialists in statistics, mathematics, and computer science, enabling them to serve in a variety of departments, including operations analysis, financial analysis, and marketing analysis. A data analyst interprets data to influence business strategy, permitting firms to make […]

December 13, 2022

“We have data – why can’t we use it?” To answer that question, I would say, “What do you want to do with your data?” Lately, whomever I talk to answers with a general desire for their data – to […]

September 16, 2022

From the humble data warehouse to the lake and swamp to potentially an ocean of data, take your pick where you want to drown yourself. The reality is the customer doesn’t care about the fancy lake or the Kafka pipelines; […]

August 5, 2022

Creating a collaborative, data-driven culture is one of the most important goals of many modern organizations. However, access to the data and data processing tools remains restricted to the selected few technical users or upper management echelons. Data-driven culture cannot […]

July 14, 2022

With the staggering amount of data in use today, it’s no wonder that business leaders are increasingly harnessing its power to develop meaningful insights and make informed decisions. According to a survey by Deloitte, organizations that make use of data […]

June 14, 2022

While data-driven digital platforms and the recent pandemic have opened new and novel opportunities for businesses to go beyond geographical borders and compete in truly global business environments, an average business faces tremendous pressure to demonstrate the value of their […]

May 25, 2022

Peter Aiken disagrees with the popular idea that it’s impossible to put a dollar value on Data Architecture. “It won’t be the right number, but it will be at least a dollar value on it, and if there’s money involved, […]

April 14, 2022

Innovation is big business. Whether it is R&D, talent, or physical infrastructure – see the numerous fancy “innovation centers” that are rolled out on a yearly basis – companies pour millions of dollars into their innovation efforts annually. But there […]

March 9, 2022

Data-driven organizations understand that data, when analyzed, is a strategic asset. It’s the “new oil.” It forms the basis for making informed decisions around product innovation, dynamic pricing, market expansion, and supply chain optimization. The challenge: There. Is. So. Much. […]

March 7, 2022

By capitalizing on your data assets, do you want to acquire fruitful outcomes and actionable insights to make more informed and rational business decisions? To make your business a purely data-driven entity with a highly streamlined and targeted approach, you […]

March 31, 2021

The term data-driven describes a business state where data is used to power decision-making and other related activities efficiently, in real-time. For a business, reaching the data-driven state is like the difference between driving an automobile and traveling by horse. […]

March 23, 2021

With project failure rates remaining troublesome, many project managers are turning to data for help. Proper use of data can take the guesswork out of decision-making and provide tangible support project managers can use to guide their teams. Data can […]

March 5, 2021

A business that looks to become truly data-driven knows that employees are more likely to back the wider strategy if they have access to data that helps them do their jobs better. Data democratization and the positive culture it can […]

September 15, 2020

The road to recovery is paved with data, where data provides the fuel to power better and faster decisions, stated a recent McKinsey article. Remember, data-driven processes and digital transformation are two sides of the same coin. You need data […]

June 16, 2020

In November 2019, Dr. Ray Emerson, a 79-year-old veterinarian from Texas escaped a stroke because his smart phone alerted him to irregular heart beats much before he noticed any symptoms. There were two critical elements at play here – data […]

January 14, 2019

Data is a core input to the insurance sector where it is used to calculate and put a price on risk. While established insurance brokers and underwriters may be experts in risk management, new entrants are leveraging new sources of […]