Data deluge sparks operational challenges
The volume of data generated and the lack of knowledge to operationalize or utilize it in the most effective way are impediments to tapping the potential of enterprises’ data reserves, according to survey respondents.
“While 80% of business leaders say data is critical in decision-making, 41% cite a lack of understanding of data because it is too complex or not accessible enough. What’s more, one-third of leaders said they lack the ability to generate insights from data,” Francois Ajenstat, chief product officer at Tableau, wrote in a blog post.
Salesforce acquired visual analytics software provider Tableau in August 2019.
In addition to the impediments cited by Ajenstat, the volume of data generated globally is expected to more than double by 2026, adding to more complexities for enterprises, according to the study.
Investing in data literacy skills could be the solution
Enterprise leadership teams can work to eliminate these impediments by investing in data literacy programs for employees and weaving a data culture into the fabric of the enterprise, according to Ajenstat.
“If a company doesn’t yet have a data culture, then they need to invest in platforms that allow them to turn repeatable processes into core capabilities,” Ajenstat said, adding that data literacy programs should be offered to all employees.
