Why It's Finally Time to Become a Data-Driven Enterprise
Becoming a data-driven enterprise is now a strategic imperative for every organization. But it's both easier and harder than it seems, requiring both a cultural and technological transformation.
💡 DXI Executive Insights are deeper, thought leadership research that analyzes the market (but without comparing vendors) and either analyzes one or more vendor’s competitive positioning within it or promotes a new perspective on it.
In addition to being Waterloo Data’s Chief Strategy Officer, I am an industry analyst, futurist, author of three books, and a professional speaker. But what I'm about is helping enterprise leaders transform themselves and their organizations for the future.Â
I believe that we are on the cusp of a fundamental shift in how the world works. I’m not talking about Armageddon, and I’m not worried about computers taking over the world in some SciFi sort of way, but over the next few decades everything you and I know about how society and organizations function is going to change — dramatically.Â
Technology is fueling this disruption, transformation, or whatever you want to call it, and it is enabling some fundamental shifts in how the world works — and what we, as leaders, need to do to prepare for what is already happening.
As most of us realize, a driving factor in our fundamentally shifting world is data. It is the fuel that powers emerging technologies and drives the creation of differentiating business value. Data is a precious resource, but frustratingly, one that most enterprises are not fully capitalizing.
Generative AI and other recent developments are finally causing enterprise leaders – up to the board of directors – to pay attention. It’s creating a gold rush mentality and enterprises are finally recognizing that to compete and thrive in this coming era, they must become data-driven enterprises.
They’re quickly learning that it isn’t easy.
To help, I created this eBook highlighting the 8 Crucial Steps to Becoming a Data-Driven Enterprise. Â
Part 1: The Data Foundation Elements
Chapter 1: The Ability to Link Data to Business Value
How do you become a data-driven enterprise? There are many elements, but the first is unquestionably the ability to link data to business value.
Like the rest of the chapters in this eBook ,this chapter on linking data to business value will be short, sweet, and inspired by my recent article in The DX Report, Why It’s Finally Time to Become a Data-Driven Enterprise — and Why It’s So Hard. The goal is to give you a simple and digestible roadmap to begin your journey to becoming a data-driven enterprise. Let’s get to it.
This is an excerpt from an eBook developed for Waterloo Data. You can get the full ebook courtesy of Waterloo Data here.