Becoming a Data Driven Organisation Part 1
What are Data Driven Businesses and what do they need to do to become truly data driven?
Data and AI are forcing to change the business landscape and this leads the organisations to shift from traditional to a more intelligent and data centric decision making. While doing so, organisations face many challenges; some making to hit the border, other being stuck somewhere in the middle fighting with internal politics and other issues. In this series, I would like to discuss those issues and approaches for businesses to become a data driven entity. However, to start with, I will focus on defining what makes a business to be truly data driven.
Organisations usually ought to make decisions based on their cumulative past experience, gut feelings, business rules, and intellectual capital. However, in modern times this has changed a lot; many of them have started leveraging data & AI and those who have not, they should do it sooner than later; and their powers to data analytics to make much and well informed decisions whether they concern the operations, services, delivery, or customer experience. That is in principal anything and everything, and this makes such organisations to be called a data driven Business.
