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DATA has gone beyond just facts for reference and analysis. Data is the face of and driving force for your business infrastructure. Data is foundational to your culture and how your people think and work. Data drives your performance using automation. May that be calculations through spreadsheets, or more complex work using AI. |
data is living capital
People and tech come and go, but data is forever. Being data-driven requires you to keep your data manageable and useful. You minimize your data’s dependence on the platforms that house and process it. Be prepared to move it through upgrades and to disruptive tech. You keep your data relevant and actionable by establishing data management and maintenance activities as part of the company’s core processes. Have the data, the living capital, financially justify its own existence.
structure data to drive performance
Data-driven spans behaviors and workstyles. To improve individual performance, structure your data to how it’s navigated, used, and processed. To drive business performance, structure data so it guides users towards specific mindsets on how to better work with others, better navigate their own work environments, and sustain a high-performance culture.
model-driven directive governance
Data-driven models are used to better predict and measure business performance. These models are not reality. They approximate an extremely narrow slice of reality. For directives and data governance frameworks, each limitation of these models directs what decisions and actions that should be taken and those that should not be. Model limitations are the governance’s limitations and blind spots.
data-driven automation
Data-driven automations are low-cost, high-return business investments. They range from performance tools to core process support to AI solutions. Performance tools include things like word processors, spreadsheets and drawing tools. Core process support covers business intelligence, workflow engines, rule engines, and ERP systems. And AI solutions involve genAI, conversational AI, and traditional AI. All of these automations accelerate and scale your company’s efforts. They amplify both the good and the bad aspects of your data and put them into overdrive.
