- “First, achieving data-driven leadership remains an aspiration for most organizations — just 26.5% of organizations report having established a data-driven organization.
- Second, becoming data-driven requires an organizational focus on cultural change. In this year’s survey, 91.9% of executives cite cultural obstacles as the greatest barrier to becoming data driven. As noted, this is not a technology issue. It is a people challenge.
- Lastly, organizations are establishing the leadership function — in the role of the Chief Data and Analytics Officer — which will provide the foundation for becoming data-driven. However, just 40.2% of companies report that the role is successful and well established within their organization.
- It has recently been argued that 80% of all new data is unstructured, meaning that it is not easily captured or made quantifiable.
Data-driven companies consistently execute on these three driving principles:
- Think different.
- Fail fast, learn faster.
- Focus on the long-term.”