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Ziaur Rahman
Aug 03, 2022
In Wellness Forum
Information as an asset is still in its "early adoption" stage, which makes it a competitive advantage for leading organizations focused on digital transformation. In turn, data and analytics become a strategic focus. Data and analytics are key accelerators for organizations' digital and transformation efforts. Today, however, less than 50 percent of corporate strategies mention data and analytics as a fundamental part of delivering corporate value. Leading organizations in every industry use data and analytics as competitive weapons. Gartner predicts that will change soon. By 2022, 90% of corporate strategies will explicitly mention information as a key corporate asset and analytics as an essential capability. "A company's ability to compete in the emerging digital economy will require faster-paced, forward-looking decisions," said Laney. A vice president analyst at Gartner. "Data and analytics leaders need to embed themselves in corporate strategic planning to ensure data and analytics capabilities are integrated into the highest-level public-facing corporate plans." 1. Expanding the Data and Analytical Discussion Make data analytics strategy a regular board discussion topic. Leading organizations in every industry use data and analytics as competitive weapons, operational enablers, and innovation catalysts. Data and analytics will be at the heart of corporate strategies, priorities and investments. Still, many companies continue to struggle mobile number list under the weight of traditional business models and simulated business processes that ignore the potential of data and analytics. Others recognize their potential but fail to make the cultural shift or commit to the information management and advanced analytics skills and technology investments needed to realize that potential. 2. Strategies to enhance corporate value As the role of the chief data officer (CDO) takes over — gaining equal power and influence with other executives — organizations will move away from using data only as a resource and analytics as a reporting and decision support tool. Data and analytics will be at the heart of corporate strategies, priorities and investments.
Under the general trend of digital transformation, how to use data analysis to help
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Ziaur Rahman

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