Knowledge Empowers Enterprise. Exploiting the total potential of… | by Bernd Wessely | Sep, 2024

There may be plenty of discuss in regards to the worth of information being the brand new gold. Many firms are subsequently pouring giant sums of cash into changing into data-driven. It’s bought as a very new method of doing enterprise, virtually as if enterprise has by no means been pushed by knowledge earlier than.

Positive, many firms wrestle with being absolutely data-driven, however I feel the larger difficulty is, that it’s in no way adequate.

All of us search to extract one thing magical from the information. That‘s why we acquire knowledge in massive knowledge lakes, knowledge warehouses and all the opposite massive knowledge collections that haven’t but acquired a catchy advertising and marketing label. I imagine all of us fall into the lure of eager to unearth a treasure trove of information. We someway can‘t escape the pondering that these large knowledge collections are the muse of some analytical superpower that can in the end propel our companies to new heights.

Knowledge know-how and knowledge engineering groups are then usually seen because the decisive think about changing knowledge into enterprise advantages. Whereas know-how and engineering are undeniably vital, it takes a extra holistic strategy to actually rework a enterprise right into a digital powerhouse.

On this article I’ll strategy the matter from the enterprise facet and clarify why…