BUILDING DATA-DRIVEN ORGANIZATIONS
Organizations seek to become ever more efficient, and better able to navigate change, becoming data-driven offers them new tools and new insights to help them meet those goals
We live in a universe of data. Organizations seek to become efficient, and able to navigate change. Becoming data-driven offers them new tools and new insights to help them meet those goals.
The wealth of data increasingly raises questions that challenge intuition. Businesses now capture data more transparently — and they see processes at more granular levels. Gut feelings about why something works or doesn’t no longer suffice. Data supports testing hypotheses, applying scientific tests to understand how a company may work more effectively. Data also leads to innovative insights about how goods and services perform in the market and how they deliver value to customers.
Adopting a data-driven perspective requires more fine-grained business goals and objectives. If organizations want to better manage through data and achieve business results, they need to reframe their mental models for how a business works, which management levers really matter, and how they approach problem-solving.
That’s why we need to visualize and understand data. A good example is the Power Management Cockpit created by Singularity Digital Enterprise which gives to any manager the X-ray of the company’s most important management indicators in a centralized view and allows informed business decisions supported by trustable, meaningful, and relevant business indicators.