Are you using data as a strategic resource?

What is your data strategy? Is it aligned with your corporate strategy? How do you plan to win with data? Every enterprise collects massive

What is your data strategy? Is it aligned with your corporate strategy?

How do you plan to win with data? Every enterprise collects massive amounts of data daily. Yet over 90% continue to make decisions based on hearsay, opinion, and guesswork instead of data-driven insights.

Wining companies now see data as a strategic asset that must be optimized and leveraged daily. Because over 80% of data in many companies is unstructured, winners make use of all the 20% structured data and the greatest extent of unstructured data. Whoever taps into the 80% unstructured data to inform decisions, gains a strategic edge.

If you are a manufacturer, you must establish a factory and install the latest machinery utilizing the best technology to win. If you are a bank, you need robust banking software. If you are a law firm, you need an adequately resourced library with legal literature and the latest intellectual property to facilitate research. Such investments give a strategic foundation to win.

Likewise, investing in data, and managing it as a strategic resource to provide value-added insights to make informed decisions.

Data is a source of competitive advantage.

A case in point, after a disappointing experience with an off the shelf data analytics system, Uganda Wildlife Authority (UWA) needed an easy to use and cost affordable Automated Audit solution. SCL successfully implemented summitBI, an Automated Audit solution, and thus transformed UWA. The solution optimizes MS Excel, SQL, and python, among others to deliver bespoke analytics and business intelligence solution.

Do you want to know more about optimizing data? Contact us.

Copyright Mustapha B Mugisa, 2020. All rights reserved.

 

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