Data is now the new oil! Companies are now looking to make full use of their data more than ever. From technology advancements, data security to natural disasters such as COVID have made everyone to realise the true benefits of data. It is of no surprises that companies who can manage their data efficiently have proven to outperform their competitors.
There are many things that can impact the way a company manage their data. Key things that come into mind are:
- Data Culture
- Data Process
- Data Access
- Data Security
- Data Storage
- Data Systems and Technology
Whilst each of the above categories plays an important function on getting that data right, all of them do depend on one another. In fact, we dare say if you are only concentrating on one category you are missing out the bigger picture.
This is an interesting read. Yes, I agree that data is the new oil especially given today’s pandemic situation.
Yeah, due to COVID everyone is trying to save money. In fact, even pre-COVID people are still trying to find new ways to make full use of their data.
What are your thoughts around AI?
AI is a separate beast all together however, directly related to data. I dare say that he who rules data rules the world!
Any tips on designing a robust visual? Bringing data to life?
There are many information online which talks about what makes a good visual. It talks about bringing data to life and telling stories. However, not many talks about this as being “Art”. I call this Visual Art- the art of perception and story telling. When you create your art, and they make a big impact on someone’s life then you know that your work is great.