24 February 2020
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Monday, February 24th
The Vizlib Monday Digest is a summary of recent articles about how data changes our lives. We’re sharing it with you to supercharge your week! (Feel free to share your comments!)
Driving a data-driven culture from the top. Businesses can get the most from changes in technology and the prolific availability of data by fostering a data-driven culture. Two ways to engender this result is by ensuring analytical know-how at a c-suite level and by reinforcing daily analytical activities throughout the organisation. Read more in this Harvard Business Review article.
Discover how standardised data governance contributes to a data-driven culture in our blog on best practices in financial reporting.
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Finance teams have more to do with less budget. Finance departments are playing an increasing role in streamlining business processes and optimising for growth. Yet, with decreasing budgets, the need to leverage technology to drive greater efficiency is on the rise. Read more in this Wall Street Journal article.
5 questions to ask your analytics service provider. Identifying which analytics solutions suit your business needs can be tricky. To get on the right track with your selection, you could ask if their BI tool will be able to scale with your business. Discover additional questions to provide you with the data to choose the right provider in this Analytics Insight article.
Image credit: Christina Morillo [Pexels]
IT underperforming in managing data and analytics. Business leaders are reporting a perceived lack of value from IT providers when it comes to their data and analytics. To drive greater ROI from analytics infrastructure investments, the solution may lie in changing the nature of the working relationship between IT organisations and businesses. Read more in this article.
And lastly, a glimpse at emotional analytics – the use of AI to analyse facial expressions and potentially decide what you’re feeling! Discover more on the dystopian implications of this technology in this article.
Image credit: spiked-online.com
Finally, our Quote of the day:
“Yet companies that excel with analytics have more than access to great data and technology. These companies recognize that success with analytics also requires an analytical mindset among its executives and an analytical culture in the business. In other words, it’s critical to bring the people along with the technology.”
Sheri L. Feinzig and Nigel Guenole, Harvard Business Review.
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