Data as an Asset
Data has value to an organisation. It is the foundation of effective decision making. Contextualised, categorised, calculated, and condensed data turns into information that organisations can utilise to make informed decisions. Businesses must carefully manage data so that they know where it is, can rely upon its accuracy, and access it when needed.
Easily accessible, accurate and timely data is critical to informed, timely decisions in the digital world.
Data-driven strategies are a competitive imperative to succeed in every industry. Data-driven decision-making is at the core of your digital transformation initiatives. For data to facilitate effective decision-making and deliver outstanding customer experiences, organisations need data they can trust.
Data governance is not only concerned with minimising data risk and creating a ‘data police’, but it is also about maximising data usage. Data strategy starts with the raw data, links it to its business context to become meaningful, takes control of its data quality and security and thoroughly organises it for mass consumption.
Organisations need to manage the mounting volume of data assets, traditional data sources and the new ones that the digital era creates, such as social media and sensor data.
With vast volumes of data coming from everywhere, organisations are losing control. Inappropriate or inaccurate content making untrustworthy data accessible to anyone. Data sprawl that’s almost impossible to scale. Organisations need to make all this data trustworthy, organise it at scale, and deliver it to everybody who needs it to create value.