Leveraging Data for Successful Digital Transformation

Data has become a key asset for businesses as they focus on digital transformation. However, a company’s ability to compete and thrive will be based on its ability to utilize that data and make informed decisions. Using Data and Analytics, organizations can overcome key modern business problems that can be barriers to successful data initiatives.?

Data & Analytics has become one of the core strategies for organizations looking to transform digitally. As per Gartner report, by 2025, 85% of the organizations will explicitly mention information as a critical enterprise asset and analytics as a key competency. Digital transformation is not just about adopting a new technology, but also requires a cultural shift within the organization focused on putting data at the center of decision-making.?

Key things to do for a successful digital transformation include,

Data Strategy?

A data strategy isn’t just about data, but a defined plan that outlines the people, processes, and technology your organization needs to achieve its business goals. A defined data strategy can support your digital transformation by answering the questions below,

• How can you use data to support your business goals and solve business problems?
• Will the data sourced provide insights that will allow you to better understand your customers and their needs?
• What processes are required to ensure the data is of high quality?
• What technology will enable the storage, sharing, and analysis of data?

Data Management Plan

Once you have a data strategy in place, then you need to focus on how you will manage your data, especially if your goal is to solve business problems such as eliminating data silos and reducing data quality issues. An effective data management plan will allow you to:

• Define how to manage, secure, and use your data throughout its full lifecycle
• Enable business users to have access to meaningful data?

Change Management Plan

Having a proper plan to promote user adoption is essential to meet your business goals. Effectively communicate your data strategy, make sure to train end users on how to effectively use data in their day-to-day operations, and always remember to celebrate their wins.?

Drive Change with Data & Analytics

The biggest challenge organizations face while trying to innovate is the insufficient maturity of their people, processes, and technology. With Data embedded into your systems, you can gain meaningful insights into your systems, processes, and actions, thereby making smarter data-driven decisions. No matter the type or size of your company, Data helps you innovate digitally while mitigating risks.