In this Growth Swarm Moment, taken from episode 21 of the Growth Swarm podcast, John Siefert, Bob Evans, Scott Vaughan, and Tony Uphoff discuss the importance of real-time data in the data modernization process to help businesses grow faster.
00:13 – Tony says that a critical piece of data modernization is the use of real-time data. He compares the importance of data in today’s world to the past, noting that data used to be a “trailing indicator of a past event.”
00:48 – Part of data modernization today is feeding that real-time data back into a live system in order to make that system smarter. Tony says that the concept of operationalizing data has been a “big shift for a lot of people’s understanding.” He says that many of the companies he works with struggle to understand how to move quickly with their data.
01:34 – Operationalized data is a means of running and growing a business, says Tony. He says data modernization is a way of understanding “where you should look at real-time data and feed it into your business in order to grow faster.”
Join us on October 27, 2022 for Acceleration Economy’s Data Modernization Digital Battleground, a digital event in which four leading cloud vendors answer questions on key considerations for updating data strategies and technology. Register for free here.
Want more tech insights for the top execs? Subscribe to the CXO channel: