The Chief Data Officer Circle

Bringing realism to data analytics

Investing in data is crucial for organizations to remain competitive and drive efficiency in today’s digital age. With the vast amount of data being generated and collected, it is essential to have a data-led strategy to make informed decisions and optimize operations. However, a data-led strategy goes beyond the tools. It is up to data leaders to bring smart decision-making and strategisation into the discussion, determining where data analytics can yield the most return and deliver strategic impact.

Leaders need to focus on quantifying the potential returns and demonstrating how data can drive efficiency and lower costs. By identifying low-hanging fruit, organisations can quickly realise the benefits of their investment and build momentum for further investment. Investing in data is an investment in the future and is one of the keys to continuous growth.

• Why is now the time to invest in data? How can leaders make the business case for investment and, subsequently, maximise returns?
• How can companies identify low-hanging fruit and capture maximal short-term returns?
• How are data leaders today using data to drive efficiency and lower costs? What best practices and strategies are worth exploring and implementing?