In episode 24 of the Acceleration Economy Minute, Kieron Allen discusses the four-step process to becoming a data-driven organization.
00:16 — A term that is widely used in the acceleration economy as it relates to digital transformation is “data-driven.” In today’s episode, Kieron defines the term in a simple way.
00:37 — The term data-driven is essentially a four-step process:
- Data collection
- Enabling universal access to data
- Report, alert, and analyze the data
- Implement data-driven decision making
02:17 — With these four steps, organizations can use their data to take actionable steps and achieve valuable insights. Acting on data initiatives and decisions ensures a company will become a data-driven organization.
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