Data is one of the most important aspects of the digital transformation that we are seeing all across the business world. Most businesses have started their transformation by taking control of their data instead of allowing it to be under utilized. This transformation can include many different things such as creating a new system to gather data and/or make it visible across the entire company. Data is one of the most valuable tools a business can use as the analytics can show where your strengths and weaknesses as a company lie.
Key Takeaways:
- An article in the Harvard Business Review identifies five components of a digital transformation: people, data, insights, action and results.
- Data is essential in determining which components of an organization’s digital transformation are producing results.
- Discussing data and analytics and how they provide value can encourage investment in them.
“Centralized data can provide a single perspective on business operations that employees across the organization can use as a common reference point when talking to workers in other departments.”
Read more: https://biznology.com/2022/04/why-data-is-vital-for-business-digital-transformation/
