Companies everywhere are trying to extract maximum advantages out of the data, AI and business analytics now, but there is one aspect that is holding them back. This is the lack of a true culture that can leverage the data warehousing done, and to ensure that this is done in the right manner. Those companies that have strong data cultures, are generally seen to be performing better amidst this changed scenario. This culture largely depends on how the top management views the situation. Thus, the CEO’s role becomes all the more critical. Training and educational programmes need to be initiated by companies that will work on this cultural change. The CEOs need to lead by example. Rewards and promotions need to be inherently linked to this culture shift. Technology need not be relegated to something that only the specific team works on. Rather, its usage needs to be the responsibility of everyone.

Source:https://hbr.org/2020/03/how-ceos-can-lead-a-data-driven-culture?utm_medium=email&utm_source=newsletter_daily&utm_campaign=dailyalert_activesubs&utm_content=signinnudge&referral=00563&deliveryName=DM73689

Uploaded Date:31 March 2020