Fostering the data culture
A data culture refers to an organizational environment where decisions, strategies, and actions are guided by data insights rather than intuition or experience alone. This approach involves the widespread and effective use of data across all levels of an organization, promoting transparency, innovation, and evidence-based decision-making. All of these are reinforced by three elements: people, processes, and technology.
In fostering a data culture (Figure 5.1), the synergy of People, Process, and Technology plays a pivotal role in transforming data into actionable insights for the organization’s growth and success:
Figure 5.1 – People, Process, and Technology work together to facilitate data culture
As shown in Figure 5.1, People, Process, and Technology form the triad that collectively fosters and enhances an organization’s data culture. After all, it is about data culture, and this is the competitive...