Many companies are being open to getting data-savvy and everyone wants to get on board the data analytics and data science train. However, it goes without saying that the to progress with data, you need to develop a data driven culture.
A data-driven culture is a workplace environment that employs a consistent, repeatable approach to tactical and strategic decision-making through emphatic and empirical data proof. Put simply, it’s an organization that bases decisions on data, not gut instinct.
The right team of people will be able to mine abstract data into analyzed data which will reflect trends, patterns. This is very important since a data-driven organization turns data into opportunities that can be acted on for profit or for savings or for any other purpose to benefit the company and its customers and stakeholders.
So it is clear that using data wisely does benefit everybody, and to succeed with data, business must start developing a data culture.