How companies can transform information into insight

https://www.strategy-business.com/article/How-companies-can-transform-information-into-insight

“Organizations can think of their data and analytics journey as progressing along a maturity scale. At each stage, companies build their proficiency in six critical organizational elements:

1. Business decisions and analytics: Prioritize analytics insights that fuel the business strategy, not those that just report what’s happening.

2. Data and information: Let the data tell a story through the flexible integration of multiple data types, rather than forcing the data into a predefined model.

3. Technology and infrastructure: Build tools that support the analytics ecosystem, including AI, and democratize insights through analytics-as-a-service (AaaS).

4. Organization and governance: Establish an operating model to empower the use of governed data and analytics.

5. Process and integration: Ensure insights are rapidly integrated into decisions through an aligned, agile process.

6. Culture and talent: Instill a data-driven culture that blends business knowledge and analytics insights across all levels.”