One of the most crucial aspects bringing competitive edge to companies, is their ability at data warehousing. This is because data has become the fuel that allows for extensive analysis to take place in any business. The downside of it assuming such importance is that there is excessive protection of the same, due to fears of any breach. The Katzenbach Center has proposed a more holistic approach towards this data. First of all, companies need to curate the right corporate culture which will enable the right utilization of data. The overall corporate strategy needs to be well aligned to the designs on data to allow for streamlining of operations. The team curated needs to have a cross- functional composition, so that there are experts from different fields, adding value to the analysis. Nothing must be done in a hurry, as this digital transformation will take its own sweet time. A data- inclusive culture will lead the company to rise to the top.

Source:https://www.strategy-business.com/blog/How-to-Cultivate-a-Data-Inclusive-Culture?gko=074a4

Uploaded Date:20 May 2019