Data campaign

5 key elements of a data-driven culture

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Laying the foundation for data-driven transformation INTRODUCTION Data is at the center of every application, process, and business decision. Nearly every organization is on a quest to become more data-driven to quickly discover and act on insights. But today's enterprises face a major barrier to data-driven transformation: creating a data-driven culture. A recent survey of chief data officers (CDOs) revealed that 69 percent of CDOs spend the majority of their time on data-driven culture initiatives, and 55 percent view the lack of a data-driven culture as a top challenge to meeting business objectives. 1 Without the right culture changes to serve as a foundation and an enabler of transformation, the effort to become more data-driven is destined to fall flat. Any success that is achieved will be unlikely to scale across the organization or deliver lasting, meaningful business results. By fostering a data-driven culture of transparency, decentralization, and empowerment, however, you can ensure that the changes you make will become permanently integrated with your business processes. This will enable every worker and every team at your company to harness the power of data in ways that drive critical business outcomes. This eBook outlines the five critical steps you can take to create, cultivate and scale a data-driven culture, shifting your organization's collective mindset to treat data as an asset that can improve operations and drive growth. By transforming into a data-driven enterprise, you can: Make better decisions faster Respond better to the unexpected Enhance customer experience and engagement Uncover new opportunities Improve efficiency 1 Davenport, T., "CDO Agenda 2023: Prioritizing Business Value Creation," AWS (in partnership with MIT CDOIQ), 2022 2

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