Properly used data can give businesses highly valuable tools for making better-informed decisions, that will lead to opportunities for creating extraordinary customer experiences. Technology is advancing big time and keeps the organizations in step with the market needs of using data for improving and increasing their businesses.
Companies within all industries without exception have recognized the need for proper data management and have leveraged our knowledge and expertise in the field of data to build analytics-driven organizations and achieve better performance through data. Basing your decisions on evidence rather than your intuition leads to better decisions and higher performance.
Steps to Becoming a Data-driven Organization
Step 1: Discuss the benefits of a data-driven organization
Data-driven organization benefits:
1. Consistency all the time
3. Awareness of what’s going on within the organization based on data
4. Responsiveness and Proactivity
5. Feedback on what works and what doesn’t, what’s being used and what’s not
6. Fast, confident and reliable decisions
Step 2: Do a data-driven assessment of your organization
Where is your company at right now?
Do you struggle with timely and accurate reporting?
Do you easily compare the successes/failures of this month with the previous?
Let’s find out more where you stand, and then proceed to Step 3.
Step 3: Do an analytics maturity assessment
The maturity assessment of a company consists of assessing five dimensions of your organizations:
a) Organization – data about the leadership, funding, strategy, culture and values
b) Governance – data about policies, structure, compliance, stewardship, security & privacy
c) Analytics – data about skills, mindset, techniques, applications, delivery methods
d) Data Management – diversity volume, speed, processing, storage, quality, access
e) Infrastructure: development, technologies, architecture, integration, scop
Your company can be on one of the following levels of analytics maturity:
3. Early adoption
4. Corporate adoption
Let’s check where you stand.
Step 4: Choose the best way to reap the benefits of becoming a data-driven organization
After all 3 steps above are completed, we can move on employing Data & Analytics Solution and turning your organization into a data-driven organization.
Data & Analytics Solution
⋮IWConnect Data & Analytics Solution consists of data collection/ingestion, data processing and analytics, data storage, and proper visualization.
Collect structured, semi-structured and unstructured data at any scale, batch or streaming. There is no restriction to the type and size.
Transform and organize data in order to convert it to valuable analytical data set that can be consumed and analyzed.
Provide scalable and secure data storage for all data types – use data lake, data warehouse or relational database.
Visualize your data in order to get the best of it. Rich dashboards and reports are an ideal way for getting business value from the data.
Our expertise in Data Management is vast, and some of the main services that we provide in this field are the following:
- Data Architecture
- Master Data Management
- Complex Event Processing
- Predictive Analytics
- Data Visualization
- Reporting Services
- Data Warehousing
- ETL (Extract, Transform, Load) Services
- Business Intelligence Services
- Big Data – Analytics and Processing
- Data Analysis, Design, and Querying