This site uses different types of cookies, including analytics and functional cookies (its own and from other sites). To change your cookie settings or find out more, click here. If you continue browsing our website, you accept these cookies.
What are the key elements needed to create an analytic culture? How can data science transform an organization and help achieve higher ROI? These are questions that many organizations are currently struggling with as they think about putting a data science team in place or reaping the benefits of one already up and running.
Even the titles of the roles responsible for leading these efforts have changed dramatically over the last dozen or so years. The title of Chief Data Officers (CDOs) quickly changed to Chief Data & Analytic Officers (CDAOs) as companies realized that the value of data is more significant when you do something with it – that is, when you analyze it. But this is already beginning to change yet again, as companies realize that it’s not about the data or the analysis, in the end, it’s about delivering transformation into the business that matters. Many companies now are appointing Chief Digital Transformation Officers, or just Chief Transformation Officers to lead this charge.
Unfortunately, the path to success is not as easy as hiring a leader, a few data scientists, and buying a technology tool or platform. As much as I would like to say that all you need is Alteryx, and the rest will simply happen, there is more to it than great technology solutions. Do you have the right training in place to teach data literacy? What organizational mission did you give your data science team? Are they to build solutions, or democratize data science to the entire organization? Have you figured out where data science can make a real impact? Are you currently creating Business Intelligence (BI), or are you truly driving business results?
In my upcoming blog series, we will cover many of these questions to help show how focusing on the following five key areas will ultimately lead to extraordinary results for your organization. The five key areas are:
People + Culture
Ownership + Organization
Enablement + Process
Tools + Technology
Content + ROI
We hope to share our experiences from best-in-class companies around the world and hear your perspectives on the journey.