For many companies, a strong, data-driven culture remains elusive, and data are rarely the universal basis for decision making. Why is it so hard? Our work in a range of industries indicates that the biggest obstacles to creating data-based businesses aren’t technical; they’re cultural. We’ve distilled 10 data commandments to
Tag: culture
Customer Culture: Build A Culture That Focuses On Customer Needs
Companies have been trying to adopt customer centricity for nearly 20 years now. Yet only 14% of marketers say their company really focuses on customer centricity. To build a culture that focuses on customer needs, companies should take six steps: Operationalize customer empathy; hire for customer orientation; democratize customer insights;
Organizational Culture: A New Culture-Building Concept That Everyone Influences But No One Leads Or Is Accountable For
A top down approach to building company culture no longer works for several reasons. For one, Covid-19 has upended how leaders interact with employees and how coworkers connect with each other. Next, company culture has grown in importance, thanks to recent high-profile crises at big name companies. A new culture-building
Successful Learning From Failure: Create An Organizational Culture In Which Employees Feel Safe To Report A Failure
Many executives believe that all failure is bad (although it usually provides lessons) and that learning from it is pretty straightforward. The author, a professor at Harvard Business School, thinks both beliefs are misguided. In organizational life, she says, some failures are inevitable and some are even good. And successful
The Role Of Culture In Digital Transformation By Nik Puri – Senior Vice Precedent IT At FedEx
Nik Puri, SVP IT at FedEx keynote speech from GDS Groups Technology Insight Summit. Disruption is nothing new. What’s different today is the speed at which disruption is happening – particularly when it comes to technology which is addressed at our GDS Summits. 72% of Fortune 500 CEOs cite the
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7 Ways To Build Fairer Data-Informed Culture For Human Resource [HR]
According to LinkedIn’s talent solution report “The Rise of Analytics in HR – An Era of Talent Intelligence” – people data and analytics is now one of the hottest, most in-demand skills for HR professionals and ranks as one of the most important human capital trends for organizations today. Companies
Why Machine Learning Is The Future Of Business Culture
Today ML has the ability to compute vast quantities of data and to collect metrics while developing more intelligent algorithms that will be able to perform complex tasks.
The Four Key Pillars To Fostering A Data-Driven Culture
Despite the many benefits that data offers, cultivating a data-driven culture hasn’t been easy. Recently, NewVantage Partners published a study that showed companies are failing in their efforts to become more data-driven.
