A data-driven company collects and processes data to gain insights that eventually lead to business changes. In this respect, companies can differ in the way they a)collect their data, b) clean and organize the data to obtain insightful information, c) assess the value of the insightful information and d) ultimately implement a change in their business processes.
Are you as an SME convinced that working data-driven can add something to your company? This doesn’t mean that you can suddenly work more effectively or immediately apply the latest technologies. In fact, becoming a data-driven organization costs time and money, and is done step by step. We believe that the following steps can be helpful:
- Data Maturity: Determine how mature your company is in terms of data.
- Business Challenges: Find out where your company currently faces challenges.
- Check the data: In view of the business challenges, check whether within your company currently a) the relevant data is collected correctly; b) the relevant data is structured and clean enough to provide insights; c) share these insights with key policy makers; d) these policy makers use the insights to take action.
- Create Value: Discuss these insights with a professional Data Scientist to work together to create more value for the business by using the data.