Challenges of data-driven strategies

There are no out-of-the-box strategies that we can implement to champion a data-driven transformation in a company, so each of these strategies needs to be tailor-made according to the needs of these organizations.

We asked the data leaders about the usual challenges they faced when transforming these organizations into fast-paced, data-driven companies.

Bob Wuisman

• What are the main challenges of creating a data-driven culture in business?

70 percent of the time, such an attempt fails. Culture and politics. Siloed departments that do not want to collaborate and a power-oriented culture. The lack of sufficient technology. Data quality is not safeguarded, and technology is centralized instead of organization performance.

A project is led by a CIO, CTO, or CFO. A CDO or a similar position should lead and report to the CEO or COO.

• What are the main technical challenges of creating a data-driven culture in business?
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