Keys to a data-driven company

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Discover the main keys to transforming an organization into a data-driven company

Jul 25, 2022
Access to quality data that provides reliable information at the right time and place is a priority for companies, even more so in the current digital context marked by technology and the Big Data revolution. A scenario of these characteristics is complex and it is impossible to be competitive relying only on traditional technological resources. However,
intelligent data management goes beyond a mere technological issue.
While still important, technology is only one of the pieces that contribute to achieving the goal: a data-driven company, capable of liberating data and converting it into real value for the organization. Now, what are the keys and benefits of this model?


The potential that data-driven decisions can bring vnpay database cost reduction, increased profits, reduced risks, and the motivation to seek new ways of working and explore transformations.





A few years ago, only 3 of the 10 most valuable companies actively adopted a data-driven approach, but that number has grown to 7 in 10 today.

Source: Accenture


The keys to a data-driven company
Data-driven companies are organizations that place data analysis at the center of all their processes: financial, strategic, administrative and commercial.

The characteristics of this type of company mainly consist of:

Apply with an automation approach.

Seek continuous improvement and optimization of operations.

Anticipate internal and external changes.

Possess an adaptive mindset.

Have a culture that fully embraces data and its potential.
The pillars on which a data-driven company is based are the adoption of technological advances, the implementation of data-based work and management methods, and data governance. In other words, the efforts of a company focused in this direction require adaptations in the three aforementioned fields. This is, in fact, a major transformation, which involves a qualitative change in different aspects.


How to establish a DATA-DRIVEN culture in my company

A data-driven culture
Culture , as developed in the free ebook "Data-Driven: Creating a Data Culture" , must be more collaborative and open, always oriented towards the search for valuable information that allows for competitive advantages and improved decision-making. It also includes the capacity for preparation and the will to change in order to achieve information management oriented towards the optimal handling and use of data.

Goals, decisions and strategies will be based on facts that, when analyzed, will provide quality data. In turn, one of the main functions of scalable, mobile, flexible and hybrid technology is precisely to offer data management in accordance with these needs.