A data-driven culture holds the potential to accelerate outcomes, enable business growth, and avoid risky outcomes.
However, achieving a data-driven culture is by no means an easy pursuit. Business Intelligence consultancies are the answer.
From regional retail companies to international manufacturing enterprises, data-driven cultures can help stakeholders and key decision-makers steer clear of unnecessary risk, helping to inform strategic decision-making through reliable data, rather than relying on instinct and guesswork.
A data-driven culture can help users identify previously invisible sources of new revenue and growth, helping to achieve business growth while avoiding potential disruption.
But how can enterprises enable a data-driven culture throughout their teams? For many, an outsourced data solution can be beneficial for this exact reason.
As BI consultancies collaborate with internal teams and users, they can help enable a reliable and informed data-driven culture that can enhance insights and processes company wide. Learn how below.
Communicating benefits to stakeholders
Often the adoption of a data-driven culture lies with key stakeholders. This is largely because new implementations and systems that reinforce a data-centric approach may require an initial buy-in and investment.
For frustrated internal teams seeking centralised data sources such as data warehouses to streamline operations and processes, gaining this buy-in can be challenging. This may be due to lack of communication, apprehensions surrounding budget, or concerns over required downtime – and the disruption caused.
For organisations in this environment, a free initial meeting with a BI consultancy can help ease the concerns of stakeholders and make them more receptible to enabling a data-driven culture.
These benefits can come in a range of forms, from demonstrating the importance of data as previously discussed, to showcasing the boost in productivity and growth now made possible.
By communicating the benefits of data-driven cultures to stakeholders, Business Intelligence consultancies can gain the critical buy-in and implement core systems to enable a more data-centric approach.
Demonstrate ease of use to current users
A data-driven culture can’t emerge without the trust of internal users.
Alternatively, the apprehension to adopt a data-driven culture can stem from internal teams themselves, rather than stakeholders eager to advance processes. Rather than concerns over budget and downtime, these fears can often be rooted in risks of redundancy, the need to adapt, and the need to gain new skillsets, amongst other reasons.
As a collaborative and communicative Business Intelligence consultancy, we strive to gain the trust and confidence of any internal teams concerned – listening to their worries and questions surrounding new systems and processes, before demonstrating the advantages that they’ll bring.
With the trust and confidence of team members, BI consultancies can ease the adoption of new systems – streamlining the reception of a data-driven culture that will thrive in the long term.
Streamline enterprise-wide operations
Data-driven cultures can also be enhanced and enabled as a side consequence of new BI implementations themselves.
With BI consultancies implementing new solutions that are designed to streamline operations, access to insights are made easier than ever – promoting a culture naturally in the process.
These streamlined solutions can take multiple forms – determined by the specific architecture and objectives of your business.
One such solution may be the creation of a single source of truth via a centralised data storage solution. Now, instead of users creating isolated data silos that can harm results and outputs, all data is accessible in the same location. Enhanced reporting is another area that can help to encourage a data-driven culture, demonstrating the ease of access to results, outputs, and information.
As a result, users may be more inclined to engage with meaningful, actionable insights, creating a more data-driven culture in the process.
Showcase the effect of data on risk
As well as communicating the effect of a data-driven culture on improvements to operational efficiency and clarity of reliable insights, Business Intelligence consultancies can also showcase the effect of a data culture to decrease risk.
In increasingly competitive markets, these risks can take on several forms, both internally and externally.
One of these risks is a limited margin for error. For businesses trying to maintain a competitive advantage, and for those looking to scale and access new markets, the margin for error has become finer and finer. As a result, strategic decision-makers must understand and appreciate the dependability of data intelligence over intuition.
Another risk that a data-driven culture can decrease is possible breaches or data loss. With teams informed on the importance of data, and how users should interact with data and maintain it, the potential for breaches or loss caused by human error will be greatly reduced.
These benefits will run their course throughout the organisation as a whole. With a decreased chance of risk, stakeholders may gain access to greater budgets for internal investments – be that upskilling team members, introducing more resources, or implementing greater capabilities.
Data-driven cultures and you
A data-driven culture is an essential component for any organisation looking to optimise the actionable intelligence available to their teams and the level of insights possible.
Collaborative BI consultancies should communicate the importance of effectively storing and managing data, the benefits it can bring throughout an organisation, and the risks it can avoid. In doing so, all teams will be more inclined to adopt a data-driven culture.
To learn more about how your organisation can leverage your data to realise your business objectives, book a free discovery call with us. Here, we’ll work to understand the unique characteristics of your architecture, before working alongside you to create a value-led solution. Book your call today.