the next #5: Video Interview: Data Culture & Data Literacy with Nadja Sch?fer, Global Lead Data Culture @ Roche

Welcome to the next #5 ??

Welcome to the fifth edition of my monthly newsletter called?the next.?In this newsletter, I share my thoughts and experiences, as well as?studies, posts, and insights?from the web about the data and AI industry, strategy and leadership as well as start-ups, VC, and investing. If you're enthusiastic about these topics, I would be thrilled to welcome you as a subscriber???

Data Culture and Data Literacy

Although data is readily available to any organization, only a handful of industry leaders have mastered the craft of organizing and managing it. The hard fact is: Collecting data is easy; accessing it across the enterprise, making sense of it, securing it, and using insights derived from it are far more difficult. It is important to remember that the data is the starting point, not the end. According to research by NTT DATA, “79% of executives said they understood the value of their data. But, strikingly, only 10% said they effectively used their data to transform their organizations.”

"Data Culture and Data Literacy remain mission-critical on every company's journey to become data-driven."

Data Culture and Data Literacy remain mission-critical on every company's journey to become data-driven. Also at statworx , we observe increasing traction for projects around strategy, upskilling and change programs in the data and AI space. This is why I have decided to dedicate another episode of the next to this relevant topic. Thereby, for the first time, I interviewed one of our customers. I hope you enjoy the content!

?? Video Interview with Nadja Sch?fer, Global Lead Data Culture at Roche (German language)

A couple of weeks ago, our customer Nadja Sch?fer from 罗氏公司 visited me in Frankfurt to talk about Data Culture, Data Literacy and what Roche is doing in this space. Interesting: Roche recently started a campaign about its journey to becoming a data-driven organization. Of course, data culture plays an important strategic role in this endeavor. For more insights, check out the video!

???Link to video

?? Study of the month

"Four Keys to Becoming a Data-Driven Organization" by NTT DATA illustrates major steps on how to use data better in your daily business to create a data-centric culture. More than ever, it is important to take this journey as a team and onboard all people within the organization to create a data-centric culture. Check out these four keys to becoming a data-driven organization:

1. Lay a solid foundation

Your foundation is your commitment and the priority of using data and also making decisions that are based on the collected data. Formulating and executing your plan should be an organizational commitment.

2. Insist on data quality and accessibility

Data management work involves ensuring that the data collected is reliable, usable, and accessible. Collecting data for the sake of collecting data doesn’t bring you any progress for your business. Instead of building data silos, everybody who needs the data within the organization should have access to it. Migrating the organization’s data to the cloud, instead of storing it in legacy data centers, can give teams in any location fast and easy access to critical information.

3. Operationalize data intelligently

Based on the data available, companies can prepare for the near future. They can test various ways to help them take advantage of current trends or prevent costly mistakes. Combining artificial intelligence with machine learning creates a very powerful advantage in any possible organizational setting. Forward-thinking data analysis is how to use this technology and gain an edge over your competition.

4. Drive a data-centric culture

Companies should invest in training programs and ensure that every employee has the technology to become an expert in data. This way, we finally have a workforce with the skills needed for modern business. The more people understand the importance of data and use them daily, the closer your team will be to achieving a culture that is centered on data.

???You can read the full study here

?? Opinion: Data Culture, by Janine Kerner, Manager AI Strategy at statworx

There is no question: creating a data culture is hard. It takes time, effort, and a lot of patience. But our experience shows that it's worth it.?

A data culture - respectively data-driven decisions and actual usage of data-based tools - is fundamental in enabling organizations to make better decisions, improve communication and collaboration, and increase profits.?

However, creating a data culture is not a one-time event. It's an ongoing process that requires continuous attention and investment. During our projects we identified three key aspects to focus on as you work to create a lasting data culture in your organization:?

• Skills (Can): What skills and capabilities do employees and the organization need to have that enable them to deal effectively with data??
• Behavior (Do): What kind of behavior do organizations and their employees show when dealing with data?
• Mindset (Want): What are the attitudes and intentions of staff and the organization as a collective towards using data??

All of the former three aspects need dedicated attention and programs to spark and guide the culture of a company in a data-driven direction. If you're interested to learn more, feel free to approach Janine or me here on LinkedIn. Also, check out our web page about data culture.

???Link to Janine's profile

?? 3 LinkedIn Gems

• Data Literacy competencies and skills ???Link to post
• What’s the big deal about data literacy? A short explainer video ???Link to post
• Key Takeaways from the data literacy report ???Link to post

?? Announcements

On December 15th, there will be the season closing of UAI - The AI Event for Frankfurt and Rhein-Main. This event will be special since ????Marcel Isbert and myself will announce the highly anticipated project “AI Hub Frankfurt”. Of course, there will also be talks, drinks and food! ??

???Check out the event here

?? Coming up

The upcoming release of?the next?is scheduled for December. The main topic will be the European AI Act ??????

?? About

My name is Sebastian, I am the founder and CEO of?statworx, one of the leading companies for data science, machine learning and AI in the German-speaking region. I am a board member of?AI Frankfurt Rhein-Main e.V.?and an active business angel for AI start-ups. In my spare time, I love to travel, cook and make music with my drum computer ??????

Get in touch:?If you want to connect, or you're looking for an exchange or in-depth discussion, feel free to contact me through LinkedIn. I am always there to help!

???Link to my profile