Data literacy – the ability to read, work with, analyze, and argue with data – can be a barrier, or a springboard, toward a company achieving strategic success and building strong data and analytics teams.
- Challenge #1: Lack of resources to support the program
- Challenge #2: Absence of a shared language and understanding around data
- Challenge #3: Ability of a company's culture to accept change
Opportunity: Executive teams embarking on the data culture journey must ensure that the systems, repositories, and databases that are housing the data are connected in the most effective way possible to allow for efficient usage and consumption across the entire organization. If this is not achieved, overall operational efficiency will be impacted and performance across the entire organization will drop.