When you are able to share data and combine data from different sources - internally, customers, and vendors - you can increase the overall performance and value of an organization’s products and services. In fact, it’s become a business necessity for users to access the data when they need it. There are numerous benefits to data sharing, particularly in our post-COVID world. Business leaders as well as departments across the organization that operate with trusted data-driven reports are in a better position to meet their corporate goals and objectives.Īccording to the Sixth Annual Gartner Chief Data Officer Survey, respondents who successfully increased data sharing led data and analytics teams that were 1.7 times more effective at showing demonstrable, verifiable value to data and analytics stakeholders. Organizations that cultivate a data sharing culture with the right infrastructure, improves data discoverability, use, and reporting. What is data sharing?ĭata sharing enables real-time access to data from various sources, internally and externally, such that data consumers can synthesize insights and collaborate cross functionally with various analytical teams. One solution to meet this corporate imperative is to embrace data sharing. These key activities must deliver measurable business outcomes. Data and analytics leaders also know that managing data and creating insights are also insufficient in accelerating digital business transformation. Except it’s an open secret that data alone isn’t inherently valuable, nor will it produce valuable insights. Corporate data is no doubt a valuable asset.
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